EAGLE LAKE DEVELOPMENT CORPORATION (EIN 237299360) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

ROBERT PARENT

Phone

2074445015

Tax Period

2023-01-01 to 2023-12-31

EAGLE LAKE DEVELOPMENT CORPORATION, founded in 1974, is a small nonprofit that reported $577K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $525K left a modest 9% surplus.

Mission

LOW INCOME/ELDERLY HOUSING

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $576,311

Investment Income $808

Other Revenue $0

TOTAL REVENUE $577,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $524,943

Other Expenses $524,943

TOTAL EXPENSES $524,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,119	$511,994	+0.1%
Expenses	$524,943	$502,833	+0.0%
Net Income	$52,176	$9,161	+4.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
LOUISE FOURNIER	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE LABBE	DIRECTOR	1.00	Director	$0	$0	$0
RONALD LAFERRIERE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN MARTIN	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
ROBERT PARENT	PRESIDENT	1.00	Officer Director	$0	$0	$0
IRIS RAYMOND	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN VIOLETTE	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$577,119	$524,943	$1,246,694	$52,176
2022	$511,994	$502,833	$1,222,391	$9,161
2021	$491,148	$487,515	$1,258,197	$3,633
2020	$489,017	$468,362	$1,327,721	$20,655
2019	$498,075	$460,616	$1,347,921	$37,459
2018	$482,828	$479,723	$1,362,170	$3,105

EAGLE LAKE DEVELOPMENT CORPORATION