HAMILTON LAKE ASSOCIATION

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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

1975

Legal Domicile

Principal Officer

VALERIE FETTERS

Phone

2607103580

Tax Period

2024-01-01 to 2024-12-31

HAMILTON LAKE ASSOCIATION, founded in 1975, is a small nonprofit that reported $160K in total revenue in fiscal year 2024. The organization ran a surplus of $26K, a strong 16% operating margin.

Mission

REGULATE & CONTROL WEEDS ON HAMILTON LAKE ALONG WITH THE HELP OF INDIANA DNR (900 ACRES). REVENUE IS RECEIVED THRU ANNUAL ASSOCIATION DUES AND DONATIONS FROM LAKE RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $133,209

REGULATE & CONTROL WEEDS ON HAMILTON LAKE ALONG WITH THE HELP OF INDIANA DNR (900 ACRES). HUNDREDS OF ACRES WERE TREATED FOR A VARIETY OF AQUATIC PLANTS AND ALGAE (I.E. CURLYLEAF, COONTAIL WEED)...

REGULATE & CONTROL WEEDS ON HAMILTON LAKE ALONG WITH THE HELP OF INDIANA DNR (900 ACRES). HUNDREDS OF ACRES WERE TREATED FOR A VARIETY OF AQUATIC PLANTS AND ALGAE (I.E. CURLYLEAF, COONTAIL WEED), INCLUDING NATIVE PLANTS. THE POKER RUN WAS HELD IN JULY, RAISING 27,484, AFTER EXPENSES,TO AID IN THE ABILITY TO PROVIDE PLANT/WEEDS MANAGEMENT ON HAMILTON LAKE. ELEVEN HOMOWNERS PROVIDED THEIR TIME AND ENERGY FOR VARIOUS PIER STOPS DURING THE EVENT. THERE WERE 1,438 TICKETS SOLD FOR THE POKER RUN. CONTRIBUTED 10,000 TOWARD A NEW WATER FOUNTAIN IN THE LAKE.

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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 $117,289

Program Service Revenue $0

Investment Income $10,500

Other Revenue $31,725

TOTAL REVENUE $159,514

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,209

Other Expenses $123,221

TOTAL EXPENSES $133,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$159,514	$156,693	+0.0%
Expenses	$133,221	$103,063	+0.3%
Net Income	$26,293	$53,630	-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

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
TONI JUSTICE	DIRECTOR	N/A	Director	$0	$0	$0
JAN MILLER	SECRETARY	4.00	Officer Director	$0	$0	$0
GINA FREER	DIRECTOR	N/A	Director	$0	$0	$0
PEGGY HAYDEN	PRESIDENT	8.00	Officer Director	$0	$0	$0
JAN BIDDLE	DIRECTOR	N/A	Director	$0	$0	$0
GARY LUECHAUER	DIRECTOR	N/A	Director	$0	$0	$0
VALERIE FETTERS	TREASURER	4.00	Officer Director	$0	$0	$0
JANET ALBRIGHT	DIRECTOR	N/A	Director	$0	$0	$0
JAYMA WATKINS	DIRECTOR	N/A	Director	$0	$0	$0
SKIP MARKLAND	DIRECTOR	N/A	Director	$0	$0	$0
CHERYL SILVERHART	MEMBERSHIP	4.00	Officer Director	$0	$0	$0
MIKE POOL	DIRECTOR	N/A	Director	$0	$0	$0
BILL CHEW	DIRECTOR	N/A	Director	$0	$0	$0
MIKE STRZELECKI	DIRECTOR	N/A	Director	$0	$0	$0
MARK MINER	DIRECTOR	N/A	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	$159,514	$133,221	$596,734	$26,293
2023	$156,693	$103,063	$570,327	$53,630
2022	$165,554	$114,403	$516,811	$51,151