THE COMMUNITY OF KING LAKES HOMEOWNERS ASSOCIATION (EIN 262665980) - 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

2008

Legal Domicile

Principal Officer

DAVID MACLELLAN

Phone

2818700585

Tax Period

2024-01-01 to 2024-12-31

THE COMMUNITY OF KING LAKES HOMEOWNERS ASSOCIATION, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $703K in total revenue in fiscal year 2024. Expenses of $662K left a modest 6% surplus.

Mission

TO PERFORM ALL OBLIGATIONS AND DUTIES OF THE ASSOCIATION AS SPECIFIED IN THE GOVERNING DOCUEMENTS, AND TO FURTHER THE INTEREST OF ALL PERSONS WITHIN THE COMMUNITY.

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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 $689,573

Investment Income $12,970

Other Revenue $0

TOTAL REVENUE $702,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $642,428

Other Expenses $661,569

TOTAL EXPENSES $661,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$702,543	N/A	N/A
Expenses	$661,569	N/A	N/A
Net Income	$40,974	N/A	N/A

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

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
DAVID MACLELLAN	PRESIDENT	3.00	Director	$0	$0	$0
RYAN WARD	TREASURER	3.00	Director	$0	$0	$0
LINDA LIAW	SECRETARY	3.00	Director	$0	$0	$0
AJAY KANTHETI	VICE PRESIDENT	3.00	Director	$0	$0	$0
CHANDRA REDDI	MEMBER	3.00	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
2024	$702,543	$661,569	$666,462	$40,974
2023	$684,405	$740,585	$602,576	$-56,180
2022	$660,968	$738,987	$705,974	$-78,019
2021	$630,920	$582,777	$756,067	$48,143
2020	$638,220	$649,113	$774,751	$-10,893
2019	$634,162	$499,259	$761,608	$134,903
2018	$642,604	$523,738	$623,365	$118,866

THE COMMUNITY OF KING LAKES HOMEOWNERS ASSOCIATION