LAKE PARSIPPANY PROPERTY OWNERS ASSOCIATION INC (EIN 221054157) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1933

Legal Domicile

Principal Officer

NIRAV PATEL

Phone

6463699169

Tax Period

2024-01-01 to 2024-12-31

LAKE PARSIPPANY PROPERTY OWNERS ASSOCIATION INC, founded in 1933, is a small nonprofit in the Community Improvement sector that reported $512K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

CONSISTENT WITH THE PAST, WE CONTINUE TO PROVIDE RECREATION ACTIVITIES TO OUR MEMEMBERS SUCH AS SWIMMING, FISHING, BOATING AND OTHER INTRAMURAL SPORTS. AS WE ARE A LAKE COMMUNITY SITUATION IN NEW JERSEY, OUR LOCAL CLIMATE GREATLY IMPACTS THE USE OF OUR LAKE BY OUR MEMBERS WITH THE SUMMER SEASON BEING THE PERIOD OF GREATEST USAGE. A SMALL PORTION OF THE REVENUE IS DERIVED FROM THE RENTAL OF OUR OWNED CLUBHOUSE WHERE MEMEBERS AND NON-MEMBERS MAY RENT THE FACILITY TO HOST A PRIVATE EVENT (E.G. BIRTHDAY, GRADUATION, ETC...)

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $447,358

Program Service Revenue $0

Investment Income $18,669

Other Revenue $45,899

TOTAL REVENUE $511,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $523,148

Other Expenses $523,148

TOTAL EXPENSES $523,148

Year-over-Year Comparison

	2024	2023	Change
Revenue	$511,926	$445,504	+0.1%
Expenses	$523,148	$501,244	+0.0%
Net Income	$-11,222	$-55,740	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
PULKIT DESAI	PRESIDENT	30.00	Officer	$0	$0	$0
DANIEL NAZZARO	SECRETARY	30.00	Officer	$0	$0	$0
MANISHA MANSURIA	REPRESENTATIVE	5.00	Officer	$0	$0	$0
NIRAV PATEL	VICE PRESIDENT	10.00	Officer	$0	$0	$0
TARAK BHATT	SECRETARY	20.00	Officer	$0	$0	$0
NISHAN SEAL	TREASURER	10.00	Officer	$0	$0	$0
RINAM SHAH	DISTRICT REPRES	5.00	Officer	$0	$0	$0
MANOJKUMAR PATEL	DISTRICT REPRES	5.00	Officer	$0	$0	$0
DEEPAK CHANDAK	DISTRICT REPRES	5.00	Officer	$0	$0	$0
DARSHANA KALAVADIA	REPRESENTATIVE	5.00	Officer	$0	$0	$0
JAGDISH PRAJAPATI	REPRESENTATIVE	5.00	Officer	$0	$0	$0
RUSHABH MODI	REPRESENTATIVE	5.00	Officer	$0	$0	$0
DONALD PHELPS	REPRESENTATIVE	5.00	Officer	$0	$0	$0
MARY FREE	REPRESENTATIVE	5.00	Officer	$0	$0	$0
DEEPA TAILOR	REPRESENTATIVE	5.00	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	$511,926	$523,148	$812,130	$-11,222
2023	$445,504	$501,244	$648,348	$-55,740
2022	$469,703	$458,014	$724,902	$11,689
2021	$503,205	$351,426	$615,335	$151,779
2020	$671,891	$366,619	$712,430	$305,272
2019	$172,520	$257,156	$407,061	$-84,636

LAKE PARSIPPANY PROPERTY OWNERS ASSOCIATION INC