HORIZON LAKES AIRPARK ASSOC INC

EIN: 200821765

LINDEN, MI

Total Revenue
$91,951
Total Expenses
$86,697
Total Assets
$751,323
Net Assets
$751,323
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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
2003
Legal Domicile
MI
Principal Officer
DALE CARTER
Phone
9195235410
Tax Period
2025-01-01 to 2025-12-31

HORIZON LAKES AIRPARK ASSOC INC, founded in 2003, is a micro nonprofit that reported $92K in total revenue in fiscal year 2025. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $87K left a modest 6% surplus.

Mission

Provide for the betterment of the Horizon Lakes residents

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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 (2025)

Revenue Breakdown

Contributions & Grants $85,091
Program Service Revenue $6,771
Investment Income $89
Other Revenue $0
TOTAL REVENUE $91,951

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $86,697
Other Expenses $86,697
TOTAL EXPENSES $86,697

Year-over-Year Comparison

2025 2024 Change
Revenue $91,951 $788,941 -0.9%
Expenses $86,697 $85,382 +0.0%
Net Income $5,254 $703,559 -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

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REID BALDWIN PRESIDENT 2.00
Director
$0 $0 $0
DALE CARTER TREASURER 2.00
Director
$0 $0 $0
TIM DRAEGER SECRETARY 2.00
Director
$0 $0 $0
Jason Morford DIRECTOR 2.00
Director
$0 $0 $0
LEN BAXTER MEMBER AT LARGE 2.00
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
2025 $91,951 $86,697 $751,323 $5,254
2025 $92,941 $86,697 $752,313 $6,244
2024 $788,941 $85,382 $769,810 $703,559
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