CALIFORNIA CLUB OF LAGUNA WOODS VILLAGE

EIN: 205175918 Recreation & Sports

LAGUNA WOODS, CA

Total Revenue
$221,824
Total Expenses
$170,055
Total Assets
$51,769
Net Assets
$51,769
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
CA
Principal Officer
Sharon Peavy
Phone
7144780644
Tax Period
2024-01-01 to 2024-12-31

CALIFORNIA CLUB OF LAGUNA WOODS VILLAGE, founded in 2024, is a small nonprofit in the Recreation & Sports sector that reported $222K in total revenue in fiscal year 2024. The organization ran a surplus of $52K, a strong 23% operating margin.

Mission

THE CALIFORNIA CLUB OF LAGUAN WOODS VILLAGE IS AN IRS 501c7 APPROVED ORGANIZATION AS A ON-PROFIT ENITY IS LOCATED INSIDE THE LAGUNA WOODS VILLAGE IN THE CITY OF LAGUNA WOODS CALIFORNIA AS A SENIOR RTIREMENT OVER AGE 55 COMMUNITY ITS MISSION IS TO PROVIDE ENTERTAINMENT DINNER DANCES RECREATIONAL AND SOCIAL ENJOYMENT TO ITS MEMBER OWNER RESIDENTS AND THEIR GUESTS. EVENTS ARE HELD AT ONE OF ITS COMMUNITY CENTERS. WITHIN THE LAGUNA WOODS RESIDENTIAL COMMUNITY THERE OVER 250 CLUBS FOR THE BENEFIT OF ITS RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $170,055 Revenue: $202,824

THE CLUB PROVIDES TO ITS MEMBERS AND THEIR GUESTS THE FOLLOW PROGRAMS: CATERED DINNERS DANCES ENTERTAINMENT WITH BANDS SINGERS PAID PERFORMERS AT ONE OF THE CLUB HOUSES LOCATED WITHIN THE LAGUNA...

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THE CLUB PROVIDES TO ITS MEMBERS AND THEIR GUESTS THE FOLLOW PROGRAMS: CATERED DINNERS DANCES ENTERTAINMENT WITH BANDS SINGERS PAID PERFORMERS AT ONE OF THE CLUB HOUSES LOCATED WITHIN THE LAGUNA WOODS VILLAGE. IN ADDTION AT SEVERAL TIMES DURING THEYEAR WE PROVIDE ENTERTAINMENT ONLY LOCATED AT THE LAGUNA WOODS PERFORMING ARTS CENTER LIKEWISE LOCATED WITHIN THE PROPERTY COMPOND OF THE LAGUNA WOODS VILLAGE. THE MEMBERS RESIDENTS ARE OWNERS OF RESIDENTAIL HOUSING WITHIN 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,000
Program Service Revenue $202,824
Investment Income $0
Other Revenue $0
TOTAL REVENUE $221,824

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $170,055
Other Expenses $170,055
TOTAL EXPENSES $170,055

Year-over-Year Comparison

2024 2023 Change
Revenue $221,824 N/A N/A
Expenses $170,055 N/A N/A
Net Income $51,769 $0 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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ron Askew Treasurer 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
2024 $221,824 $170,055 $51,769 $51,769
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