The Twin Lakes Association of Salisbury Inc

EIN: 060985300 501(c)(3)

Salisbury, CT

Total Revenue
$371,456
Total Expenses
$353,386
Total Assets
$404,995
Net Assets
$404,995
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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
1978
Legal Domicile
CT
Principal Officer
Jean Bell
Phone
8606714002
Tax Period
2024-01-01 to 2024-12-31

The Twin Lakes Association of Salisbury Inc, founded in 1978, is a small nonprofit that reported $371K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $353K left a modest 5% surplus.

Mission

Care for Twin Lakes

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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 (2024)

Revenue Breakdown

Contributions & Grants $368,648
Program Service Revenue $0
Investment Income $1,548
Other Revenue $1,260
TOTAL REVENUE $371,456

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $3,955
Program Expenses $343,411
Other Expenses $353,386
TOTAL EXPENSES $353,386

Year-over-Year Comparison

2024 2023 Change
Revenue $371,456 $219,547 +0.7%
Expenses $353,386 $101,824 +2.5%
Net Income $18,070 $117,723 -0.8%
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

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
10

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
5
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Grant Bogle President 1.00
Officer
$0 $0 $0
William Barton Senior Vice President 1.00
Officer
$0 $0 $0
Jean Bell Treasurer 1.00
Officer
$0 $0 $0
Erica Cohn Secretary 1.00
Officer
$0 $0 $0
Carey Fiertz Board Member 1.00
Director
$0 $0 $0
Russel Conklin VP Lake Management 1.00
Officer
$0 $0 $0
Richard Haupt Board Member 1.00
Director
$0 $0 $0
Adam Mayer Board Member 1.00
Director
$0 $0 $0
Sharon Aiuvalasit Board Member 1.00
Director
$0 $0 $0
Jackie Blombach Board Member 1.00
Director
$0 $0 $0
David Haab Board Member 1.00
Director
$0 $0 $0
Eric Stoer Board Member 1.00
Director
$0 $0 $0
Blake Morrison Board Member 1.00
Director
$0 $0 $0
Jeff Bravin Board Member 1.00
Director
$0 $0 $0
John Mahoney Board Member 1.00
Director
$0 $0 $0
Dan Kadlac Board Member 1.00
Director
$0 $0 $0
David Mathus Board Member 1.00
Director
$0 $0 $0
Danny Vogus Board Member 1.00
Director
$0 $0 $0
Jessica Swartz Board Member 1.00
Director
$0 $0 $0
Jeff Cox Board Member 1.00
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
2024 $371,456 $353,386 $404,995 $18,070
2023 $219,547 $101,824 $377,449 $117,723
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