LAKERIDGE COMMUNITY ASSOCIATION INC (EIN 112112782) - 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

1965

Legal Domicile

Phone

7324079781

Tax Period

2024-03-01 to 2025-02-28

LAKERIDGE COMMUNITY ASSOCIATION INC, founded in 1965, is a small nonprofit that reported $215K in total revenue in fiscal year 2024.

Mission

COMMUNITY HAS 315 HOMES. WE SUPPORT THE COMMON AREAS INCLUDING A POOL, PLAYGROUND, TENNIS COURTS, AND BASKETBALL COURTS. WE PROVIDE COMMUNTIY EVENTS FOR EVERYONE TO ENJOY. WE SPONSOR OUR OWN SWIM TEAM FOR CHILDREN 5-18.

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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 $198,592

Program Service Revenue $2,080

Investment Income $1,126

Other Revenue $12,779

TOTAL REVENUE $214,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,307

Fundraising Expenses $0

Program Expenses $15,278

Other Expenses $144,594

TOTAL EXPENSES $214,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,577	$222,493	0.0%
Expenses	$214,901	$159,381	+0.3%
Net Income	$-324	$63,112	-1.0%

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

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

Volunteers

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
BRIDGET HLAVA	TRUSTEE	3.00	Director	$0	$0	$0
ERIK DEPALMA	TRUSTEE	3.00	Director	$0	$0	$0
PATRICK HOPKINS	TRUSTEE	1.00	Director	$0	$0	$0
EMILY EDELSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
AWNI HAMATI	TRUSTEE	1.00	Director	$0	$0	$0
VINCENT FORRESTER	PRESIDENT	3.00	Officer	$0	$0	$0
DIANE CAHILL	TREASURER	5.00	Officer	$0	$0	$0
DANIEL MCGARRY	SECRETARY	3.00	Officer	$0	$0	$0
PHILLIP MOORE	VICE PRESIDENT	3.00	Officer	$0	$0	$0
SEAN DONNELLY	POOL MANAGER	25.00	Key Emp	$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	$214,577	$214,901	$191,914	$-324
2024	$222,493	$159,381	$192,238	$63,112
2023	$204,470	$252,780	$129,096	$-48,310
2022	$225,333	$150,448	$176,381	$74,885
2020	$210,844	$228,887	$72,638	$-18,043

LAKERIDGE COMMUNITY ASSOCIATION INC