CANDLEWOOD LAKE ASSOCIATION INC

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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

1987

Legal Domicile

Principal Officer

BOB MIRACLE

Phone

4199471138

Tax Period

2025-02-01 to 2026-01-31

CANDLEWOOD LAKE ASSOCIATION INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $5.3M in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $4.5M left a modest 14% surplus.

Mission

HOMEOWNERS ASSOCIATION COMPRISED OF CANDLEWOOD LAKE MEMBERS CREATED TO OPERATE THE 1,500 ACRE COMMUNITY IN RURAL MORROW COUNTY.

Program Service Accomplishments

Program 1

TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF CANDLEWOOD LAKE ASSOCIATION, A 1,500 ACRE SELF-SUPPORTING COMMUNITY WITH APPROXIMATELY 1,800 PROPERTY OWNERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,203,443

Investment Income $29,262

Other Revenue $22,641

TOTAL REVENUE $5,255,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,574,726

Fundraising Expenses $0

Program Expenses $4,095,592

Other Expenses $2,955,294

TOTAL EXPENSES $4,530,020

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,255,346	$5,725,758	-0.1%
Expenses	$4,530,020	$4,289,601	+0.1%
Net Income	$725,326	$1,436,157	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN BENNER	BOARD MEMBER	5.00	Officer	$0	$0	$0
RON CARR	VICE PRESIDE	7.00	Officer	$0	$0	$0
JANET HEENAN	SECRETARY	7.00	Officer	$0	$0	$0
DON MELTON JR	PRESIDENT	7.00	Officer	$0	$0	$0
KYLE KANAGY	BOARD MEMBER	5.00	Officer	$0	$0	$0
DEBBIE MEISSNER	BOARD MEMBER	5.00	Officer	$0	$0	$0
JOHN ROMELFANGER	TREASURER	7.00	Officer	$0	$0	$0
DON MELTON SR	BOARD MEMBER	5.00	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
2026	$5,255,346	$4,530,020	$10,391,815	$725,326
2025	$5,725,758	$4,289,601	$9,673,570	$1,436,157
2024	$4,858,129	$4,457,918	$8,435,759	$400,211
2023	$3,808,462	$3,498,421	$7,672,649	$310,041
2022	$2,998,058	$2,896,849	$7,507,877	$101,209
2021	$2,591,120	$2,329,030	$7,189,226	$262,090
2020	$2,503,346	$2,329,377	$6,805,515	$173,969