Lakeshore Community Association Inc

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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

2005

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Lakeshore Community Association Inc, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 6% surplus.

Mission

The Association was organized to provide for the safety and welfare of the owners and community visitors.

Program Service Accomplishments

Program 1

Expenses: $992,211

The organization provides all maintenance including utilities and oversees daily activities and insurance for the benefit, safety and welfare of the owenrs and visitors to 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,062,449

Investment Income $22,241

Other Revenue $100,181

TOTAL REVENUE $1,184,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $992,211

Other Expenses $1,118,084

TOTAL EXPENSES $1,118,084

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,184,871	$1,145,542	+0.0%
Expenses	$1,118,084	$1,425,448	-0.2%
Net Income	$66,787	$-279,906	-1.2%

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
Flenard Bush	Director	2.00	Director	$0	$0	$0
Gregory Jackson	Treasurer	2.00	Officer Director	$0	$0	$0
Steven Rougeau	Secretary	2.00	Officer Director	$0	$0	$0
Michelle Pouncy	President	2.00	Officer Director	$0	$0	$0
Cody Walker	Vice President	2.00	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
2024	No data	No data	No data	No data
2023	$1,184,871	$1,118,084	$2,039,830	$66,787
2022	$1,145,542	$1,425,448	$2,015,927	$-279,906
2021	$1,005,554	$891,509	$2,161,705	$114,045
2020	$1,011,740	$772,292	$2,018,240	$239,448