YANKEE LAKE PRESERVATION ASSOCIATI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

ELIZABETH ZAMBUTO

Phone

2033227084

Tax Period

2023-06-01 to 2024-05-31

YANKEE LAKE PRESERVATION ASSOCIATION INC, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $141K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $126K left a modest 11% surplus.

Mission

THE ASSOCIATION MAINTAINS AND CARES FOR REAL PROPERTY FOR THE UPLIFTMENT AND BETTERMENT OF THE YANKEE LAKE COMMUNITY.

Program Service Accomplishments

Program 1

MAINTENANCE AND CARE OF REAL PROPERTY OWNED BY THE CORPORATION AND LOCATED AT YANKEE LAKE, WURTSBORO, NY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,650

Program Service Revenue $116,750

Investment Income $9,328

Other Revenue $1,555

TOTAL REVENUE $141,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $125,758

TOTAL EXPENSES $125,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,283	$103,497	+0.4%
Expenses	$125,758	$98,213	+0.3%
Net Income	$15,525	$5,284	+1.9%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH ZAMBUTO	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT F ROGERS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CATHY DAWKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOAN O'KEEFE	TREASURER	1.00	Officer Director	$0	$0	$0
PETER PENSEC	DIRECTOR	1.00	Director	$0	$0	$0
ALEX GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN ARMISTEAD	DIRECTOR	1.00	Director	$0	$0	$0
RAY VOLPE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LANGSEDER	DIRECTOR	1.00	Director	$0	$0	$0
JON P LETENDRE	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD VAN BUREN	DIRECTOR	1.00	Director	$0	$0	$0
JERRY SQUILLANTE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE VENIZELOS	DIRECTOR	1.00	Director	$0	$0	$0
DORIS MUTASCIO	DIRECTOR	1.00	Director	$0	$0	$0
GALEN BOOTH	DIRECTOR	1.00	Director	$0	$0	$0
MADELINE BOYD	RESIGNED 6/1	N/A	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$141,283	$125,758	$843,099	$15,525
2023	$103,497	$98,213	$828,066	$5,284
2022	$123,220	$82,559	$822,563	$40,661
2021	$105,041	$72,957	$781,902	$32,084
2020	$104,468	$51,742	$749,818	$52,726
2019	$131,412	$76,946	$697,092	$54,466
2018	$122,090	$56,915	$642,626	$65,175

YANKEE LAKE PRESERVATION ASSOCIATION INC