LAKE CLUB INC (EIN 060741628) - Form 990 Financial Analysis & Trantor Score

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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

1958

Legal Domicile

Principal Officer

THOMAS HEALY

Phone

2037625600

Tax Period

2024-10-01 to 2025-09-30

LAKE CLUB INC, founded in 1958, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024.

Mission

ALL INCOME AND EXPENSES WERE USED FOR THE ULTIMATE PLEASURE AND RECREATIONAL BENEFIT OF THE MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,923,108

Investment Income $44,748

Other Revenue $19,166

TOTAL REVENUE $2,987,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,043,899

Fundraising Expenses $0

Other Expenses $1,881,172

TOTAL EXPENSES $2,925,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,987,022	$-1,152	-2593.9%
Expenses	$2,925,071	$295,249	+8.9%
Net Income	$61,951	$-296,401	-1.2%

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

273

Independent Members

N/A

Employees

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
ANDREA FERRANTE	PRESIDENT	N/A	Officer	$0	$0	$0
THOMAS HEALY	TREASURER	N/A	Officer	$0	$0	$0
JOHN H UNDERHILL	GENERAL MANA	N/A	Highest	$118,336	$0	$118,336
KELLY ULLMAN	VICE PRESIDE	N/A	Officer	$0	$0	$0
ALBERTO KRAEMER DE MELLO	ASST RAQUETS	N/A	Highest	$113,158	$0	$113,158
ANNE M SPILLANE	FINANCE MANA	N/A	Highest	$108,546	$0	$108,546
MELISSA LEONARD	AQUATICS LIA	N/A	Director	$0	$0	$0
KELLY DELACY	SOCIAL LIAIS	N/A	Director	$0	$0	$0
DEBBIE CANNAVINO	RAQUETS LIAI	N/A	Director	$0	$0	$0
ROBIN ALLEN	SECRETARY, M	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	$2,987,022	$2,925,071	$3,777,996	$61,951
2024	$3,189,754	$2,909,486	$3,730,991	$280,268
2023	$2,536,655	$2,607,795	$3,481,513	$-71,140
2022	$2,937,016	$2,319,578	$3,604,988	$617,438
2021	$2,327,288	$2,119,839	$3,171,027	$207,449
2020	$1,596,273	$1,740,596	$2,997,923	$-144,323
2019	$1,619,725	$2,015,975	$3,175,615	$-396,250
2018	$1,780,857	$2,015,598	$3,616,774	$-234,741

LAKE CLUB INC