INDIAN LAKE ASSOCIATION OF CONNECTICUT AND NEW YORK (EIN 061113398) - 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

1984

Legal Domicile

Principal Officer

TANYA RIVA

Phone

8603645222

Tax Period

2024-07-01 to 2025-06-30

INDIAN LAKE ASSOCIATION OF CONNECTICUT AND NEW YORK, founded in 1984, is a micro nonprofit in the Environment sector that reported $40K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $52K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROMOTION, ENCOURAGEMENT AND IMPROVEMENT OF THE RECREATIONAL AND SPORTING USE OF INDIAN LAKE

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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 $40,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $40,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,374

Other Expenses $52,374

TOTAL EXPENSES $52,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,500	$29,350	+0.4%
Expenses	$52,374	$39,449	+0.3%
Net Income	$-11,874	$-10,099	+0.2%

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

N/A

Independent Members

N/A

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	Role	Reportable Comp	Other Comp	Total
PETER ENTIN	VICE PRESIDENT	Officer	$0	$0	$0
BRUCE JONES	PRESIDENT	Officer	$0	$0	$0
JOHN RHODES	DIRECTOR	Director	$0	$0	$0
TANYA RIVA	TREASURER	Officer	$0	$0	$0
JOSEPH DRELICH	DIRECTOR	Director	$0	$0	$0
ROB COOPER	DIRECTOR	Director	$0	$0	$0
BILL BELL	DIRECTOR	Director	$0	$0	$0
ANNE BOWEN	DIRECTOR	Director	$0	$0	$0
DAVID BUDRIES	SECRETARY	Officer	$0	$0	$0
MIKE KLEIN	DIRECTOR	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	$40,500	$52,374	$34,834	$-11,874
2024	$29,350	$39,449	$46,708	$-10,099
2023	$28,950	$24,651	$56,807	$4,299
2022	$28,400	$45,851	$52,508	$-17,451
2021	$36,220	$26,615	$69,959	$9,605
2020	$32,350	$20,445	$60,354	$11,905
2019	$35,285	$21,449	$48,449	$13,836

INDIAN LAKE ASSOCIATION OF CONNECTICUT AND NEW YORK