WHITE MEADOW LAKE PROPERTY OWNERS'… - Form 990 Financial Data

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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

1950

Legal Domicile

Principal Officer

MICHAEL ILARDI

Phone

9736275300

Tax Period

2024-01-01 to 2024-12-31

WHITE MEADOW LAKE PROPERTY OWNERS' ASSOCIATION INC, founded in 1950, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Expenses of $2.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ASSOCIATION IS PRINCIPALLY ENGAGED IN THE MANAGEMENT OF THE WHITE MEADOW LAKE COMMUNITY AND THE CARE AND MAINTENANCE OF THE COMMON PROPERTIES.

Program Service Accomplishments

Program 1

Expenses: $2,645,901

COMMON COMMUNITY PROPERTIES (BEACHES AND CLUBHOUSE) ARE MAINTAINED FOR THE RECREATIONAL USE OF ALL MEMBERS OF THE ASSOCIATION.

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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 $0

Program Service Revenue $2,249,834

Investment Income $78,634

Other Revenue $39,161

TOTAL REVENUE $2,367,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $797,495

Fundraising Expenses $0

Program Expenses $2,645,901

Other Expenses $1,848,406

TOTAL EXPENSES $2,645,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,367,629	$2,262,946	+0.0%
Expenses	$2,645,901	$2,024,711	+0.3%
Net Income	$-278,272	$238,235	-2.2%

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

Volunteers

193

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
LAUREN BIANCHI	PRESIDENT	8.00	Officer Director	$0	$0	$0
ROGER CROOK	1ST VICE PRESIDENT	6.00	Officer Director	$0	$0	$0
GLEN KATZ	2ND VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
NELSON VARGAS	TREASURER	4.00	Officer Director	$0	$0	$0
EVAN TRISLER	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL ILARDI	PAST PRESIDENT	2.00	Director	$0	$0	$0
MICHELLE CROMWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA DEGNAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES DEL GRECO	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOT DESORT	BOARD MEMBER	2.00	Director	$0	$0	$0
STU KIPILMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE KOENIGSBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL LYNCH	BOARD MEMBER	2.00	Director	$0	$0	$0
DARYL MACELLARO	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTEN NEU	BOARD MEMBER	2.00	Director	$0	$0	$0
BARRY SILBIGER	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE STOCKNOFF	BOARD MEMBER	2.00	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
2024	$2,367,629	$2,645,901	$4,478,587	$-278,272
2023	$2,262,946	$2,024,711	$4,776,285	$238,235
2022	$2,213,168	$1,931,208	$4,354,877	$281,960
2021	$2,012,751	$1,844,709	$4,043,008	$168,042
2020	$1,869,807	$1,725,192	$3,921,135	$144,615
2019	$1,880,146	$1,669,025	$3,811,065	$211,121
2018	$1,802,877	$1,553,110	$3,608,799	$249,767

WHITE MEADOW LAKE PROPERTY OWNERS' ASSOCIATION INC