LAKE HERITAGE PROPERTY OWNERS ASSOCIATION INC (EIN 231677132) - 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

1965

Legal Domicile

Principal Officer

STEVEN DWYER

Phone

7173347242

Tax Period

2024-04-01 to 2025-03-31

LAKE HERITAGE PROPERTY OWNERS ASSOCIATION INC, founded in 1965, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Net assets of $3.9M represent 29 months of operating reserves.

Mission

TO PROVIDE THE PRIVATE MEMBERS USE OF SOCIAL RECREATIONAL ACTIVITIES IN, ON AND ABOUT THE LAKE, POOL, AND OTHER RECREATIONAL AREAS, UPKEEP OF THE ROADS, AND PROVIDE SECURITY FOR THE COMMUNITY.

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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 $1,445,004

Investment Income $135,288

Other Revenue $29,029

TOTAL REVENUE $1,609,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $798,042

Fundraising Expenses $0

Other Expenses $776,726

TOTAL EXPENSES $1,574,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,609,321	$1,531,280	+0.1%
Expenses	$1,574,768	$1,291,311	+0.2%
Net Income	$34,553	$239,969	-0.9%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN DWYER	PRESIDENT	5.00	Officer Director	$0	$0	$0
PHYLLIS FRENCH	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
JACOB PLANK	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
DANIEL SANDERS	TREASURER	5.00	Officer Director	$0	$0	$0
MATTHEW VERDIRAME	SECRETARY	5.00	Officer Director	$0	$0	$0
RICHARD A GINNEVER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN KWIATKOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE WALLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JACOB SCHINDEL	BOARD MEMBER	1.00	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	$1,609,321	$1,574,768	$5,224,793	$34,553
2024	$1,531,280	$1,291,311	$5,179,925	$239,969
2023	$1,329,056	$1,238,661	$4,819,746	$90,395
2022	$1,515,374	$1,232,594	$4,579,849	$282,780
2021	$1,487,793	$1,232,869	$4,274,412	$254,924
2020	$1,464,856	$1,281,851	$4,006,674	$183,005
2019	$1,444,042	$1,250,603	$3,814,706	$193,439

LAKE HERITAGE PROPERTY OWNERS ASSOCIATION INC