LAKE BARCROFT ASSOCIATION INC

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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

1992

Legal Domicile

Principal Officer

BILL BAUMGARTNER

Phone

7039411927

Tax Period

2024-01-01 to 2024-12-31

LAKE BARCROFT ASSOCIATION INC, founded in 1992, is a small nonprofit that reported $769K in total revenue in fiscal year 2024.

Mission

TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF THE LAKE BARCROFT COMMUNITY, INCLUDING OPERATING THE LAKE AND ADJOINING BEACHES.

Program Service Accomplishments

Program 1

Expenses: $659,480 Revenue: $647,230

WATER SAFETY, OPERATION AND MAINTENANCE OF BEACHES; MAINTENANCE AND IMPROVEMENT OF THE COMMUNITY'S COMMON AREAS, BEACHES AND LAKE; OPERATE A PATROL OF OFF-DUTY COUNTY POLICE TO SUPPORT THE...

WATER SAFETY, OPERATION AND MAINTENANCE OF BEACHES; MAINTENANCE AND IMPROVEMENT OF THE COMMUNITY'S COMMON AREAS, BEACHES AND LAKE; OPERATE A PATROL OF OFF-DUTY COUNTY POLICE TO SUPPORT THE NEIGHBORHOOD WATCH PROGRAM; COMMUNITY DIRECTORY, NEWSLETTER AND WEBSITE; COMMUNITY EVENTS

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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 $35

Program Service Revenue $719,828

Investment Income $35,632

Other Revenue $13,342

TOTAL REVENUE $768,837

Expense Breakdown

Grants Paid $1,200

Salaries & Benefits $394,750

Fundraising Expenses $0

Program Expenses $659,480

Other Expenses $419,537

TOTAL EXPENSES $815,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$768,837	$742,248	+0.0%
Expenses	$815,487	$774,210	+0.1%
Net Income	$-46,650	$-31,962	+0.5%

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

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
LARRY HOFFER	PRESIDENT	5.00	Officer Director	$0	$0	$0
BILL BAUMGARTNER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
GREG GRAGG	SECRETARY	3.00	Officer Director	$0	$0	$0
KEVIN KAMPSCHORER	TREASURER	4.00	Officer Director	$0	$0	$0
REID VOSS	DIRECTOR	2.00	Director	$0	$0	$0
NORAH MOLNAR	DIRECTOR	2.00	Director	$0	$0	$0
ED DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
GREG COX	DIRECTOR	2.00	Director	$0	$0	$0
CAROLE BAUSELL	DIRECTOR	2.00	Director	$0	$0	$0
MERRI BROWN	DIRECTOR	2.00	Director	$0	$0	$0
RALPH SMALLEY	DIRECTOR	2.00	Director	$0	$0	$0
TINA SWALLOW	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS DOERFLINGER	DIRECTOR	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
2024	$768,837	$815,487	$869,763	$-46,650
2023	$742,248	$774,210	$862,804	$-31,962
2022	$638,636	$589,306	$763,892	$49,330
2021	$656,110	$607,972	$868,930	$48,138
2020	$588,255	$521,786	$657,380	$66,469
2019	$556,913	$554,032	$578,266	$2,881
2018	$482,242	$493,979	$574,923	$-11,737