CANDLEWOOD LAKE ASSOCIATION INC (EIN 310879984) - 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

1987

Legal Domicile

Principal Officer

DAVID INGEGNERI

Phone

4199471138

Tax Period

2024-02-01 to 2025-01-31

CANDLEWOOD LAKE ASSOCIATION INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $5.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 25% operating margin.

Mission

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

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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 $5,670,222

Investment Income $24,239

Other Revenue $31,297

TOTAL REVENUE $5,725,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,477,806

Fundraising Expenses $0

Program Expenses $3,833,206

Other Expenses $2,811,795

TOTAL EXPENSES $4,289,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,725,758	$4,858,129	+0.2%
Expenses	$4,289,601	$4,457,918	0.0%
Net Income	$1,436,157	$400,211	+2.6%

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

145

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
CHARLIE BROWN	VICE-PRESIDE	7.00	Officer	$0	$0	$0
RON CARR	BOARD MEMBER	5.00	Officer	$0	$0	$0
JANET HEENAN	BOARD MEMBER	5.00	Officer	$0	$0	$0
DON MELTON JR	BOARD MEMBER	5.00	Officer	$0	$0	$0
KYLE KANAGY	BOARD MEMBER	5.00	Officer	$0	$0	$0
KEVIN MCCRAY	PRESIDENT	7.00	Officer	$0	$0	$0
JOHN ROMELFANGER	TREASURER	7.00	Officer	$0	$0	$0
DON MELTON SR	BOARD MEMBER	5.00	Officer	$0	$0	$0
JERRY YOUNG	SECRETARY	7.00	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
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

CANDLEWOOD LAKE ASSOCIATION INC