WESTLAKE LAKE MANAGEMENT ASSOCIATION (EIN 237002953) - 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

1968

Legal Domicile

Principal Officer

CHIP LIGHTFOOT

Phone

8188895377

Tax Period

2024-01-01 to 2024-12-31

WESTLAKE LAKE MANAGEMENT ASSOCIATION, founded in 1968, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $734K, a strong 20% operating margin.

Mission

MISSION IS TO MANAGE AND MAINTAIN THE LAKE AND ENVIRONMENT

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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 $1,751,616

Program Service Revenue $1,422,726

Investment Income $460,543

Other Revenue $58,078

TOTAL REVENUE $3,692,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $770,526

Fundraising Expenses $0

Program Expenses $2,530,783

Other Expenses $2,188,569

TOTAL EXPENSES $2,959,095

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,692,963	$3,277,890	+0.1%
Expenses	$2,959,095	$2,686,873	+0.1%
Net Income	$733,868	$591,017	+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

N/A

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
CHIP LIGHTFOOT	PRESIDENT	0.00	Officer Director	$0	$0	$0
MICHAEL BOGASH	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
DONALD NIKCHEVICH	SECRETARY	0.00	Officer Director	$0	$0	$0
ANDY KANE	TREASURER	0.00	Officer Director	$0	$0	$0
ALAN DAVIES	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW MCLAREN	DIRECTOR	0.00	Director	$0	$0	$0
GARY FESKENS	DIRECTOR	0.00	Director	$0	$0	$0
JAN MEISEL	DIRECTOR	0.00	Director	$0	$0	$0
JACLYN GELB	DIRECTOR	0.00	Director	$0	$0	$0
BRIAN NELSON	DIRECTOR	0.00	Director	$0	$0	$0
ALAN JEFFERY	DIRECTOR	0.00	Director	$0	$0	$0
TERI PACITTO	DIRECTOR	0.00	Director	$0	$0	$0
SUSAN PLUMB	DIRECTOR	0.00	Director	$0	$0	$0
JERRY KETCHAM	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL SINGER	DIRECTOR	0.00	Director	$0	$0	$0
KAREN LIEBERMAN	DIRECTOR	0.00	Director	$0	$0	$0
JACK EDELSTEIN	DIRECTOR	0.00	Director	$0	$0	$0
ARTHUR PFEFFERMAN	DIRECTOR	0.00	Director	$0	$0	$0
MARTIN FENTRESS	DIRECTOR	0.00	Director	$0	$0	$0
NORMAN WEINSTOCK	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL KIRK	DIRECTOR	0.00	Director	$0	$0	$0
JEFF WERDESHEIM	DIRECTOR	0.00	Director	$0	$0	$0
LYNDA BRENNER	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTINE WHEELER	DIRECTOR	0.00	Director	$0	$0	$0
JAMIE CLEARY	DIRECTOR	0.00	Director	$0	$0	$0
PATTI APEL	DIRECTOR	0.00	Director	$0	$0	$0
JOHN BLINDBURY	DIRECTOR	0.00	Director	$0	$0	$0
DONALD NIKCHEVICH	DIRECTOR	0.00	Director	$0	$0	$0
TIM MEADE	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN YABLAN	DIRECTOR	0.00	Director	$0	$0	$0
JORDAN BLAKLEY	DIRECTOR	0.00	Director	$0	$0	$0
MARIA POWELL	DIRECTOR	0.00	Director	$0	$0	$0
JAN DEMAIO	DIRECTOR	0.00	Director	$0	$0	$0
KAJ SORENSEN	DIRECTOR	0.00	Director	$0	$0	$0
NICOLAS SMITH	LAKE OPS. MGR.	40.00	Highest	$153,524	$0	$153,524

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	$3,692,963	$2,959,095	$11,762,468	$733,868
2023	$3,277,890	$2,686,873	$11,658,080	$591,017
2022	$2,639,375	$2,328,338	$10,037,619	$311,037
2021	$2,299,409	$2,217,130	$9,773,752	$82,279
2020	$2,445,009	$1,841,974	$9,607,550	$603,035

WESTLAKE LAKE MANAGEMENT ASSOCIATION