Summer Lakes Homeowners Association Inc (EIN 202772376) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

Allison Holtkamp

Phone

8664732573

Tax Period

2024-01-01 to 2024-12-31

Summer Lakes Homeowners Association Inc, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $932K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

CIVIC AND SOCIAL WELFARE ORGANIZATION - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND COMMUNITY THROUGH THE FOLLOWING OBJECTIVES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $922,488

Investment Income $9,158

Other Revenue $0

TOTAL REVENUE $931,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,007,140

Other Expenses $1,016,618

TOTAL EXPENSES $1,016,618

Year-over-Year Comparison

	2024	2023	Change
Revenue	$931,646	$1,018,146	-0.1%
Expenses	$1,016,618	$935,922	+0.1%
Net Income	$-84,972	$82,224	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
Timothy George	Director	5.00	Director	$0	$0	$0
Eric Griesel	Treasurert	5.00	Director	$0	$0	$0
Allison Holtkamp	President	5.00	Director	$0	$0	$0
Marvin McNeely	Vice President	5.00	Director	$0	$0	$0
Michelle Roth	Secretary	5.00	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	$931,646	$1,016,618	$1,312,328	$-84,972
2023	$1,018,146	$935,922	$1,336,611	$82,224
2022	$1,010,164	$1,011,608	$1,239,197	$-1,444
2021	$1,130,823	$931,879	$1,214,535	$198,944
2020	$1,112,147	$912,614	$1,037,348	$199,533
2019	$879,503	$819,182	$725,960	$60,321
2018	$956,114	$880,740	$777,868	$75,374

Summer Lakes Homeowners Association Inc