SPRING VALLEY LAKE ASSOCIATION (EIN 237097939) - 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

1969

Legal Domicile

Principal Officer

JAY COHEN

Phone

7602459756

Tax Period

2023-11-01 to 2024-10-31

SPRING VALLEY LAKE ASSOCIATION, founded in 1969, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 28% operating margin.

Mission

THE TAXPAYER (ASSOCIATION) IS RESPONSIBLE FOR MANAGEMENT, MAINTENANCE, REPAIR AND REPLACEMENT OF THE COMMON AREA THAT COMPRISES 4,214 LOTS, 200 SURFACE ACRE FRESH WATER LAKE, COMMUNITY BUILDING AND SEVERAL PARKS.

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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 $6,959,908

Program Service Revenue $0

Investment Income $183,187

Other Revenue $1,036,741

TOTAL REVENUE $8,179,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,413,777

Fundraising Expenses $0

Program Expenses $4,821,601

Other Expenses $2,452,038

TOTAL EXPENSES $5,865,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,179,836	$6,808,751	+0.2%
Expenses	$5,865,815	$7,255,897	-0.2%
Net Income	$2,314,021	$-447,146	-6.2%

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

N/A

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

$298,723

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM CRAIG	PRESIDENT	4.00	Officer Director	$0	$0	$0
PAUL STANTON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VICKI FITCH	TREASURER	30.00	Officer Director	$0	$0	$0
DAVID STOLFUS	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVE TROUP	DIRECTOR	2.00	Director	$0	$0	$0
BRAD LETNER	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS VERHAGEN	DIRECTOR	2.00	Director	$0	$0	$0
ALFRED LOGAN	GENERAL MANAGER	40.00	Officer	$0	$0	$182,298
NICHOLAS GONZALEZ	DIRECTOR OF OPERATIONS	40.00	Officer	$0	$0	$116,425

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	$8,179,836	$5,865,815	$9,499,914	$2,314,021
2023	$6,808,751	$7,255,897	$9,042,576	$-447,146
2022	$5,582,043	$5,198,605	$9,142,843	$383,438
2021	$5,086,684	$4,574,295	$8,566,426	$512,389
2020	$5,344,692	$5,140,007	$7,915,405	$204,685
2019	$5,226,059	$4,819,821	$7,603,690	$406,238
2018	$5,051,906	$6,606,713	$7,545,986	$-1,554,807

SPRING VALLEY LAKE ASSOCIATION