TERRE DU LAC 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

1967

Legal Domicile

Principal Officer

DUANE PATT

Phone

5733585701

Tax Period

2024-01-01 to 2024-12-31

TERRE DU LAC ASSOCIATION INC, founded in 1967, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

PUBLIC SAFETY AND MAINTENANCE OF THE ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $848,294

THE MAINTENANCE DEPARTMENT MAINTAINS ALL ROADS, DAMS, AND OTHER PROPERTIES OWNED BY THE ASSOCIATION.

Program 2

Expenses: $376,096

THE COUNTY SHERIFFS DEPARTMENT PROVIDES FOR THE PUBLIC SAFETY OF THE INDIVIDUALS LIVING IN THE ASSOCIATION.

Program 3

Expenses: $119,357

THE FIRE DEPARTMENT PROVIDES FIRE AND RESCUE SERVICES FOR THE SAFETY OF ALL INDIVIDUALS LIVING IN THE ASSOCIATION.

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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 $1,543,423

Investment Income $93,021

Other Revenue $257,084

TOTAL REVENUE $1,893,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $473,650

Fundraising Expenses $0

Program Expenses $1,343,747

Other Expenses $1,370,516

TOTAL EXPENSES $1,844,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,893,528	$1,374,721	+0.4%
Expenses	$1,844,166	$1,584,349	+0.2%
Net Income	$49,362	$-209,628	-1.2%

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

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
CONSTANCE CATHCART	MEMBER	1.00	Director	$0	$0	$0
SARA CRUSE	TREASURER	2.00	Officer Director	$0	$0	$0
J GLASGOW	MEMBER	1.00	Director	$0	$0	$0
NICK JONES	MEMBER	1.00	Director	$0	$0	$0
TINA KATER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SUZI KWON	SECRETARY	2.00	Officer Director	$0	$0	$0
NATE LANSING	MEMBER	1.00	Director	$0	$0	$0
DUANE PATT	PRESIDENT	2.00	Officer 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	No data	No data	No data	No data
2024	$1,893,528	$1,844,166	$2,262,766	$49,362
2023	$1,374,721	$1,584,349	$2,213,988	$-209,628
2022	$1,492,705	$1,342,142	$2,549,255	$150,563
2021	$1,491,304	$1,317,905	$2,607,949	$173,399
2020	$1,634,653	$1,339,382	$1,979,414	$295,271
2019	$1,495,206	$1,421,591	$1,740,027	$73,615
2018	$1,469,788	$1,386,538	$1,610,111	$83,250