LAKE NAOMI CLUB

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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

1963

Legal Domicile

Principal Officer

JIM PRICE

Phone

5706469191

Tax Period

2023-01-01 to 2023-12-31

LAKE NAOMI CLUB, founded in 1963, is a mid-sized nonprofit in the Recreation & Sports sector that reported $16.5M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $15.9M left a modest 4% surplus.

Mission

PROMOTE FELLOWSHIP BETWEEN MEMBERS

Program Service Accomplishments

Program 1

LAKE NAOMI CLUB WAS ORGANIZED TO PROMOTE FELLOWSHIP BETWEEN THE RESIDENTS OF LAKE NAOMI AND TIMBER TRAILS AND TO PROVIDE FOR THEIR SOCIAL AND RECREATIONAL NEEDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,730,827

Program Service Revenue $2,891,516

Investment Income $115,949

Other Revenue $3,751,185

TOTAL REVENUE $16,489,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,195,722

Fundraising Expenses $0

Other Expenses $6,713,070

TOTAL EXPENSES $15,908,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,489,477	$15,256,342	+0.1%
Expenses	$15,908,792	$14,416,840	+0.1%
Net Income	$580,685	$839,502	-0.3%

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

541

Volunteers

200

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

$861,973

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT JONES	GENERAL MGR-SEE SCH J PART II	40.0	Key Emp	$412,819	$45,484	$458,303
JEFF WEST	GENERAL MANAGER	40.0	Key Emp	$182,664	$22,383	$205,047
Laurie J Germino	CFO	40.0	Key Emp	$154,418	$44,205	$198,623
James E Price	assistant general manager	40.0	Highest	$147,489	$43,785	$191,274
John P Lamberton	chief ranger	40.0	Highest	$116,495	$19,090	$135,585
ANTHONY DEFRANCO	TREASURER	0.0	Officer Director	$0	$0	$0
MARK IERARDI	PRESIDENT	0.0	Officer Director	$0	$0	$0
CARL ROSENFELD	VICE PRESIDENT	0.0	Officer Director	$0	$0	$0
Denise Alexander	SECRETARY	0.0	Officer Director	$0	$0	$0
Dominic Parisi	TRUSTEE	0.0	Director	$0	$0	$0
JERRY MEROLA	TRUSTEE	0.0	Director	$0	$0	$0
Daniel Tabor	TRUSTEE	0.0	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	No data	No data	No data	No data
2023	$16,489,477	$15,908,792	$32,639,526	$580,685
2022	$15,256,342	$14,416,840	$32,468,924	$839,502
2021	$14,377,164	$11,447,963	$31,181,948	$2,929,201
2020	$11,141,947	$9,297,106	$24,792,517	$1,844,841
2019	$11,887,382	$11,759,918	$24,141,247	$127,464
2018	$11,549,954	$11,230,654	$23,602,867	$319,300