LAKELAND VILLAGE COMMUNITY ASSOC (EIN 204168642) - 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

2006

Legal Domicile

Principal Officer

LOUIS EVANS

Tax Period

2024-01-01 to 2024-12-31

LAKELAND VILLAGE COMMUNITY ASSOC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.8M left a modest 9% surplus.

Mission

THE ASSOCIATION IS A TEXAS NON PROFIT CORPORATION ORGANIZED TO PROMOTE HEALTH, SAFETY, AND WELFARE AND TO PROVIDE QUASI GOVERNMENTAL CITYLIKE MUNICIPAL SERVICES SUCH AS COMMON AREA MAINTENANCE FOR THE BENEFIT AND THE BETTERMENT 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 (2024)

Revenue Breakdown

Contributions & Grants $2,489,650

Program Service Revenue $0

Investment Income $56,210

Other Revenue $497,673

TOTAL REVENUE $3,043,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,177,186

Other Expenses $2,754,441

TOTAL EXPENSES $2,754,441

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,043,533	N/A	N/A
Expenses	$2,754,441	N/A	N/A
Net Income	$289,092	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS EVANS	PRESIDENT	10.00	Officer	$0	$0	$0
MANUEL MAGALLANES	V PRES	10.00	Officer	$0	$0	$0
DOUG EVANS	SECRETARY	10.00	Officer	$0	$0	$0
RICHARD LOWSTETTER	TREASURER	10.00	Officer	$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	$3,043,533	$2,754,441	$3,894,697	$289,092
2023	$3,025,975	$2,877,652	$3,320,016	$148,323
2022	$2,865,566	$2,572,454	$3,215,314	$293,112
2021	$2,577,844	$2,297,819	$2,628,256	$280,025
2020	$2,370,088	$2,264,964	$2,400,701	$105,124
2019	$2,540,658	$2,221,773	$2,018,991	$318,885
2018	$2,280,198	$2,343,566	$1,696,324	$-63,368

LAKELAND VILLAGE COMMUNITY ASSOC