LAKE GEORGE CORPORATION D/B/A LAKE GEORGE REGIONAL PARK

EIN: 010477896 501(c)(3)

SKOWHEGAN, ME

Total Revenue
$233,994
Total Expenses
$204,296
Total Assets
$864,400
Net Assets
$851,918
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
ME
Principal Officer
JOSEPH KENNEDY
Phone
2074741292
Tax Period
2023-01-01 to 2023-12-31

LAKE GEORGE CORPORATION D/B/A LAKE GEORGE REGIONAL PARK, founded in 1992, is a small nonprofit that reported $234K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $204K left a modest 13% surplus.

Mission

PARK SERVICE TO VISITORS. THE PARK IS OPEN YEAR-ROUND WITH FEES CHARGED DURING THE SUMMER MONTHS. FREE PROGRAMS ARE RUN FOR SCHOOL CHILDREN DURING THE YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $46,284
Program Service Revenue $151,815
Investment Income $6,342
Other Revenue $29,553
TOTAL REVENUE $233,994

Expense Breakdown

Grants Paid $0
Salaries & Benefits $138,272
Fundraising Expenses $0
Program Expenses $166,018
Other Expenses $66,024
TOTAL EXPENSES $204,296

Year-over-Year Comparison

2023 2022 Change
Revenue $233,994 $278,792 -0.2%
Expenses $204,296 $225,915 -0.1%
Net Income $29,698 $52,877 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
21
Volunteers
30

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$46,838
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH KENNEDY PRESIDENT 5.00
Officer Director
$0 $0 $0
HEATHER KERNER SECRETARY 5.00
Officer Director
$0 $0 $0
NANCY AMES TREASURER 5.00
Officer Director
$0 $0 $0
EMILEE ROBERTSON BOARD MEMBER 1.00
Director
$0 $0 $0
DAN DICKEY BOARD MEMBER 1.00
Director
$0 $0 $0
ANNA CHUGAY BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID SNELL BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL SPOONER BOARD MEMBER 1.00
Director
$0 $0 $0
PENNY DERAPS BOARD MEMBER 1.00
Director
$0 $0 $0
ESTER FRANKLIN BOARD MEMBER 1.00
Director
$0 $0 $0
DARRYLL WHITE DIRECTOR 25.00
Officer
$46,838 $0 $46,838
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $233,994 $204,296 $864,400 $29,698
2022 $278,792 $225,915 $785,130 $52,877
2021 $367,529 $195,471 $767,444 $172,058
2020 $419,740 $156,537 $578,263 $263,203
2019 $173,157 $141,411 $303,773 $31,746
2018 $191,952 $133,770 $235,951 $58,182
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