LAKES ENVIRONMENTAL ASSOCIATION (EIN 237120682) - 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

1970

Legal Domicile

Phone

2076478580

Tax Period

2024-01-01 to 2024-12-31

LAKES ENVIRONMENTAL ASSOCIATION, founded in 1970, is a community nonprofit in the Environment sector that reported $1.4M in total revenue in fiscal year 2024. Net assets of $4.5M represent 40 months of operating reserves.

Mission

SCIENTIFIC TESTING AND EDUCATION TO PRESERVE AND RESTORE THE HIGH WATER QUALITY AND THE TRADITIONAL CHARACTER OF MAINES LAKES, WATERSHEDS AND RELATED NATURAL RESOURCES.

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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 $1,342,011

Program Service Revenue $0

Investment Income $16,099

Other Revenue $4,389

TOTAL REVENUE $1,362,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $641,342

Fundraising Expenses $64,999

Program Expenses $1,198,209

Other Expenses $679,508

TOTAL EXPENSES $1,322,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,362,499	$1,386,645	0.0%
Expenses	$1,322,584	$1,253,001	+0.1%
Net Income	$39,915	$133,644	-0.7%

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

$117,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN HOLME	EXEC DIRECTOR	45.00	Officer	$117,390	$0	$117,390
KAREN HARDING	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BURNS III	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GILMAN	DIRECTOR	1.00	Director	$0	$0	$0
WELLS JACOBSON	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN WARD	DIRECTOR	1.00	Director	$0	$0	$0
MARION BROWNING	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ROSEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCHWALLER	DIRECTOR	1.00	Director	$0	$0	$0
JULIA STOKES	DIRECTOR	1.00	Director	$0	$0	$0
MARTINA WITTS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BLACK	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MIGAUSKY	DIRECTOR	1.00	Director	$0	$0	$0
KIM MCCUBREY	DIRECTOR	1.00	Director	$0	$0	$0
PETE BOTTOMLEY	DIRECTOR	1.00	Director	$0	$0	$0
BILL DEXTER	DIRECTOR	1.00	Director	$0	$0	$0
LYDIA LANDESBERG	PRESIDENT	1.00	Officer	$0	$0	$0
CHARLIE TARBELL	TREASURER	1.00	Officer	$0	$0	$0
MARK PRIOLA	SECRETARY	1.00	Officer	$0	$0	$0
JESSICA ORGO	VICE PRESIDENT	1.00	Officer	$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	$1,649,182	$1,322,584	$4,658,754	$326,598
2024	$1,362,499	$1,322,584	$4,658,754	$39,915
2023	$1,386,645	$1,253,001	$4,281,095	$133,644
2022	$1,188,701	$1,092,429	$3,608,404	$96,272
2021	$1,028,051	$1,046,003	$4,075,248	$-17,952
2020	$1,184,204	$1,060,228	$3,569,056	$123,976
2019	$1,008,210	$900,616	$3,026,484	$107,594
2018	$947,913	$864,101	$2,658,733	$83,812

LAKES ENVIRONMENTAL ASSOCIATION