LAKE INTERVALE MANAGEMENT ASSOCIATION

EIN: 221689904

Boonton, NJ

Total Revenue
$61,123
Total Expenses
$65,127
Total Assets
$191,985
Net Assets
$191,972
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
NJ
Principal Officer
Anthony Zitelli
Phone
9738850465
Tax Period
2025-01-01 to 2025-12-31

LAKE INTERVALE MANAGEMENT ASSOCIATION, founded in 1961, is a micro nonprofit that reported $61K in total revenue in fiscal year 2025. Net assets of $192K represent 38 months of operating reserves.

Mission

Provide for the recurrent maintenance, operation and administration of the lake, pavilion, dam, beach, recreation areas, equipment, parking areas and access rights of the way to the lake. Establish and implement plans and programs necessary for proper long- term maintenance and improvement of all items as set forth above. Provide surveillance over those matters relating to the safety, health and welfare of the community as it directly relates to the property as outlined above. Establish plans and programs to safeguard perpetual easement for the use and enjoyment of the lake and facilities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $58,105
Program Service Revenue $0
Investment Income $3,018
Other Revenue $0
TOTAL REVENUE $61,123

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $65,127
Other Expenses $65,127
TOTAL EXPENSES $65,127

Year-over-Year Comparison

2025 2024 Change
Revenue $61,123 $56,715 +0.1%
Expenses $65,127 $60,695 +0.1%
Net Income $-4,004 $-3,980 +0.0%
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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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
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Zitelli Director / President 2
Director
$0 $0 $0
Michael Wilson Director / Vice President 2
Director
$0 $0 $0
Chris O'Dell Director 3
Director
$0 $0 $0
Jesse Miller Director 1
Director
$0 $0 $0
Kathy Pierce Director 3
Director
$0 $0 $0
Levi Helms Director 2
Director
$0 $0 $0
Martin Moratz Director 1
Director
$0 $0 $0
Charles Ferentinos Director / Treasurer 4
Director
$0 $0 $0
Sherrie Cole Director 2
Director
$0 $0 $0
Erin Smithers Director / Secretary 2
Director
$0 $0 $0
Keith Bochner Director 1
Director
$0 $0 $0
Dave Biskowitz Director 2
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 $61,123 $65,127 $191,985 $-4,004
2024 No data No data No data No data
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