GARNET LAKE CONSERVATION ASSOCIATION INC (EIN 222523689) - 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

1956

Legal Domicile

Principal Officer

DIANE BURGESS

Phone

9082274123

Tax Period

2024-07-01 to 2025-06-30

GARNET LAKE CONSERVATION ASSOCIATION INC, founded in 1956, is a small nonprofit in the Environment sector that reported $257K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $245K, a strong 95% operating margin.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO MAINTAIN GARNET LAKE AND ITS DAM FOR THE BENEFIT OF HOMEOWNERS AROUND THE LAKE AND THE GENERAL PUBLIC, AND TO PROMOTE COMMUNITY AROUND THE LAKE.

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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 $164,430

Program Service Revenue $18,465

Investment Income $73,866

Other Revenue $0

TOTAL REVENUE $256,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,238

Other Expenses $11,918

TOTAL EXPENSES $11,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,761	$336,385	-0.2%
Expenses	$11,918	$34,132	-0.7%
Net Income	$244,843	$302,253	-0.2%

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

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
ANNE BERNAT	PRESIDENT	10.00	Officer Director	$0	$0	$0
ROY KEATS	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
LOUIS NOTARANGELO	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
DIANE BURGESS	TREASURER	10.00	Officer Director	$0	$0	$0
JUDY THOMSON	SECRETARY	10.00	Officer Director	$0	$0	$0
STEPHEN WEYMOUTH	BOARD MEMBER	2.00	Director	$0	$0	$0
ALAN WALTERS	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL BEER	BOARD MEMBER	2.00	Director	$0	$0	$0
BOB WILTENBURG	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDY BRUSCHI	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVE HARRINGTON	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
2025	$256,761	$11,918	$1,470,981	$244,843
2024	$336,385	$34,132	$1,228,351	$302,253
2023	$187,627	$96,796	$929,164	$90,831
2022	$755,643	$32,135	$839,142	$723,508

GARNET LAKE CONSERVATION ASSOCIATION INC