Andover Lake Property Owners Association Inc

EIN: 066069082

Andover, CT

Total Revenue
$156,511
Total Expenses
$126,340
Total Assets
$922,189
Net Assets
$922,189
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
CT
Principal Officer
Michael Burke President
Phone
8602688489
Tax Period
2023-10-01 to 2024-09-30

Andover Lake Property Owners Association Inc, founded in 1935, is a small nonprofit that reported $157K in total revenue in fiscal year 2023. The organization ran a surplus of $30K, a strong 19% operating margin.

Mission

The Andover Lake Property Owners' Association's primary mission is the conservation and preservation of the pristine condition of Andover Lake, its beach and surrounding areas and the dissemination of scientific information to the community regarding the lake's health.

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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 $0
Program Service Revenue $136,140
Investment Income $16,635
Other Revenue $3,736
TOTAL REVENUE $156,511

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,290
Fundraising Expenses $0
Program Expenses $107,284
Other Expenses $80,050
TOTAL EXPENSES $126,340

Year-over-Year Comparison

2023 2022 Change
Revenue $156,511 $146,408 +0.1%
Expenses $126,340 $138,949 -0.1%
Net Income $30,171 $7,459 +3.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
12
Volunteers
15

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Burke President 4.00
Officer Director
$0 $0 $0
Linda Chambers Treasurer 3.00
Officer Director
$0 $0 $0
Stacey Kaufman Secretary 2.00
Officer Director
$0 $0 $0
Marge Koczka Asst. Treasurer 1.00
Officer Director
$0 $0 $0
Lucie Wilson Director 1.00
Director
$0 $0 $0
Wendy Kopp to 2024 Director 1.00
Director
$0 $0 $0
Eric Berry Director 1.00
Director
$0 $0 $0
Anna Glowacki Director 1.00
Director
$0 $0 $0
Charlotte Nelson Director 1.00
Director
$0 $0 $0
Nicholas Clark to 2024 Director 1.00
Director
$0 $0 $0
James Tilden-Bailey from 2024 Director 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 $156,511 $126,340 $922,189 $30,171
2023 $146,408 $138,949 $751,248 $7,459
2022 $154,658 $126,781 $677,317 $27,877
2021 $175,810 $97,369 $791,681 $78,441
2020 $117,944 $87,874 $651,151 $30,070
2019 $98,284 $87,200 $603,705 $11,084
2018 $117,242 $86,473 $578,410 $30,769
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