CHRISTMAS LAKE HOMEOWNERS ASSOCIATION (EIN 204559189) - 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

2001

Legal Domicile

Phone

6122097629

Tax Period

2024-01-01 to 2024-12-31

CHRISTMAS LAKE HOMEOWNERS ASSOCIATION, founded in 2001, is a small nonprofit in the Environment sector that reported $263K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $61K, a strong 23% operating margin.

Mission

Tin protect and improve the quality of Christmas Lake for all lake users to enjoy today and for future generations. Primary activities: education on lake stewardship and safety support research control nuisance wildlife and invasive species entrance governmental partnerships and vibrant lake 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 $152,068

Program Service Revenue $103,072

Investment Income $4,352

Other Revenue $3,494

TOTAL REVENUE $262,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $202,236

Other Expenses $202,236

TOTAL EXPENSES $202,236

Year-over-Year Comparison

	2024	2023	Change
Revenue	$262,986	$239,000	+0.1%
Expenses	$202,236	$210,514	0.0%
Net Income	$60,750	$28,486	+1.1%

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

128

Independent Members

N/A

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
Todd Erickson	President	5.00	Officer Director	$0	$0	$0
Paul Cossette	Secretary	2.00	Officer Director	$0	$0	$0
Margrette Newhouse	Treasurer	5.00	Officer Director	$0	$0	$0
Joe Shneider	Director	5.00	Director	$0	$0	$0
Steve Sundberg	Director	5.00	Director	$0	$0	$0
Edward Szalapski	Director	2.00	Director	$0	$0	$0
Mary Shaw	Director	1.00	Director	$0	$0	$0
Gregg Elliott	Director	2.00	Director	$0	$0	$0
Roger Norberg	Director	1.00	Director	$0	$0	$0
Aaron Peterson	Director	1.00	Director	$0	$0	$0
Tammy Magney	Director	3.00	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	No data	No data	No data	No data
2024	$262,986	$202,236	$251,721	$60,750
2023	$239,000	$210,514	$185,072	$28,486
2022	$239,023	$174,786	$155,224	$64,237

CHRISTMAS LAKE HOMEOWNERS ASSOCIATION