LAKE FOREST COLLEGE
Mission Statement
At various Forester Athletics venues and in several of the College's publications, you will find the words "LAKE FOREST COLLEGE: A Tradition of Excellence." This "excellence" is what the athletic department strives for in every aspect of our programming. Whether it is varsity athletics, club sports, intramurals, physical education, or general recreation, we encourage participation, honor, achievement, and most of all, commend effort. All programs embrace the principles of gender equity, cultural diversity, sportsmanship, and fair play. Members of the Athletic Department support the College's mission by consistently challenging students to reach their potential as students and as athletes. We support and encourage academic excellence and take great pride in the students who excel academically. Similarly, we take great pride in those students who excel athletically. All in all, we want every student involved with our program to feel they are part of a quality program, and that in some way, they add to our "Tradition of Excellence."
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.8% | 87.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.6% | 10.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.5% | 1.3% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
17.9 mo | 20.9 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
19.3% | 26.1% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
73.5% | 82.9% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
16.6% | 6.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
7.6% | 4.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.8% | 3.6% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Run athletic department | 500 | $100,000.00 | — | Lifetime |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $165.1M | $155.5M | $231.7M | 89.8% | 1510 |
| 2024 | $141.5M | $144.5M | $211.6M | 89.6% | 1483 |
| 2023 | $140.5M | $133.9M | $202.8M | 88.5% | 1429 |
| 2022 | $127.6M | $123.5M | $194.3M | 89.9% | 1240 |
| 2021 | $111.5M | $109.1M | N/A | — | 1175 |
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