SHONGUM LAKE PROPERTY OWNERS ASSOCIATION (EIN 221683315) - 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

1970

Legal Domicile

Principal Officer

TOM TATEM

Phone

9737850441

Tax Period

2022-04-01 to 2023-03-31

SHONGUM LAKE PROPERTY OWNERS ASSOCIATION, founded in 1970, is a small nonprofit that reported $512K in total revenue in fiscal year 2022. Expenses of $747K exceeded revenue, resulting in a 46% operating deficit.

Mission

ORGANIZATION MAINTAINS A CLUBHOUSE BEACH AND LAKE FOR USE BY ITS MEMBERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $512,192

Investment Income $206

Other Revenue $0

TOTAL REVENUE $512,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,131

Fundraising Expenses $0

Other Expenses $619,034

TOTAL EXPENSES $747,165

Year-over-Year Comparison

	2022	2021	Change
Revenue	$512,398	$490,225	+0.0%
Expenses	$747,165	$502,374	+0.5%
Net Income	$-234,767	$-12,149	+18.3%

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

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	Role	Reportable Comp	Other Comp	Total
TOM TATEM	COUNCIL MEMBER-PRESIDENT	Director	$0	$0	$0
JOE COLUCCI	COUNCIL MEMBER-TREASURER	Director	$0	$0	$0
DICK PAVELY	COUNCIL MEMBER-FACILITIES	Director	$0	$0	$0
ADAM ALEXANDER	COUNCIL MEMBER-membership	Director	$0	$0	$0
LORI BRANIGAN	council member- events	Director	$0	$0	$0
DAWN MELODY	COUNCIL MEMBER-RECREATION	Director	$0	$0	$0
JULIE FINCO	COUNCIL MEMBER-SECRETARY	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
2023	$512,398	$747,165	$590,226	$-234,767
2022	$490,225	$502,374	$688,538	$-12,149
2021	$425,817	$392,827	$856,458	$32,990

SHONGUM LAKE PROPERTY OWNERS ASSOCIATION