Summer Lakes Homeowners Associatio… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

Allison Holtkamp

Phone

8664732573

Tax Period

2025-01-01 to 2025-12-31

Summer Lakes Homeowners Association Inc, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $954K in total revenue in fiscal year 2025. Expenses of $1.3M exceeded revenue, resulting in a 34% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $500,027 Revenue: $374,467

Objective 1 - To maintain trees, shrubs, flowers, and landscape in the neighborhood for the enjoyment of the community.

Program 2

Expenses: $601,198 Revenue: $450,232

Objective 2 - To provide recreation and exercise facilities in the neighborhood for the enjoyment of the community.

Program 3

Expenses: $168,066 Revenue: $125,863

Objective 3 - To provide security and welfare in the neighborhood for the protection of the community.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $950,562

Investment Income $3,086

Other Revenue $0

TOTAL REVENUE $953,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,269,291

Other Expenses $1,280,919

TOTAL EXPENSES $1,280,919

Year-over-Year Comparison

	2025	2024	Change
Revenue	$953,648	$931,646	+0.0%
Expenses	$1,280,919	$1,016,618	+0.3%
Net Income	$-327,271	$-84,972	+2.9%

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

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
Lynn Moses	Director	5.00	Director	$0	$0	$0
Glenn Harge	Secretary	5.00	Officer Director	$0	$0	$0
Allison Holtkamp	President	5.00	Officer Director	$0	$0	$0
Michelle Roth	Vice President	5.00	Officer 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	$953,648	$1,280,919	$1,074,970	$-327,271
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