WOODRIDGE LAKE PROPERTY OWNERS ASSOCIATION INC (EIN 237366229) - 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

MICHAEL EDISON

Phone

8604913424

Tax Period

2023-01-01 to 2023-12-31

WOODRIDGE LAKE PROPERTY OWNERS ASSOCIATION INC, founded in 1969, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Expenses of $2.0M left a modest 5% surplus.

Mission

RECREATIONAL ACTIVITIES FOR MEMBERS. MAINTENANCE OF FACILITIES.

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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 $0

Program Service Revenue $1,581,673

Investment Income $79,231

Other Revenue $422,949

TOTAL REVENUE $2,083,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $830,251

Fundraising Expenses $0

Other Expenses $1,150,443

TOTAL EXPENSES $1,980,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,083,853	$2,081,419	+0.0%
Expenses	$1,980,694	$1,692,424	+0.2%
Net Income	$103,159	$388,995	-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

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

$144,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD DUTKA	GEN MANAGER	40.00	Officer	$140,170	$4,205	$144,375
MICHAEL EDISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
STUART GRODIN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LANCE LEIFERT	TREASURER	1.00	Officer Director	$0	$0	$0
HENRY MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID PARILLO	VICE PRESIDE	1.00	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
2024	No data	No data	No data	No data
2023	$2,083,853	$1,980,694	$4,930,890	$103,159
2022	$2,081,419	$1,692,424	$4,964,494	$388,995
2021	$1,466,454	$1,560,458	$4,741,298	$-94,004
2020	$1,680,129	$1,547,998	$4,543,353	$132,131
2019	$1,558,382	$1,457,197	$4,304,423	$101,185
2018	$1,527,028	$1,396,471	$4,197,273	$130,557

WOODRIDGE LAKE PROPERTY OWNERS ASSOCIATION INC