LAKE TIPPECANOE PROPERTY OWNERS INC (EIN 311105800) - 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

1949

Legal Domicile

Principal Officer

JOSEPH LENON

Phone

5744533286

Tax Period

2024-01-01 to 2024-12-31

LAKE TIPPECANOE PROPERTY OWNERS INC, founded in 1949, is a small nonprofit in the Environment sector that reported $202K in total revenue in fiscal year 2024. The organization ran a surplus of $45K, a strong 22% operating margin.

Mission

PRESERVATION OF WETLANDS IN COOPERATION WITH THE NATURE CONSERVANCY AS A MEANS OF KEEPING NATURAL HABITAT FOR WILDLIFE. PRESERVE & PROTECT THE ECOLOGY; ENCOURAGE ONLY THOSE USES OF PROPERTY AROUND THE LAKE THAT WILL PRODUCE A POSITIVE IMPRESSION AND A POSITIVE ENVIRONMENTAL IMPACT; TO PREVENT DANGEROUS, INJURIOUS OR NOXIOUS CONDITIONS SUCH AS POLLUTION, UNSANITARY CONDITIONS ON LAND AND WATER AND OVERCROWDING ON LAND AND WATER.

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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 $144,718

Program Service Revenue $42,750

Investment Income $3,062

Other Revenue $11,305

TOTAL REVENUE $201,835

Expense Breakdown

Grants Paid $10,450

Salaries & Benefits $21,432

Fundraising Expenses $0

Program Expenses $121,513

Other Expenses $124,837

TOTAL EXPENSES $156,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,835	N/A	N/A
Expenses	$156,719	N/A	N/A
Net Income	$45,116	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
REBECCA HARTMAN	TREASURER	N/A	Officer	$0	$0	$0
ANGELA HUSTON	SECRETARY	N/A	Officer	$0	$0	$0
JOSEPH LENON	PRESIDENT	N/A	Officer	$0	$0	$0
JERALD WEISSINGER	VICE PRESIDE	N/A	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	No data	No data	No data	No data
2024	$201,835	$156,719	$195,428	$45,116
2021	$172,478	$189,641	$119,721	$-17,163
2019	$141,596	$204,840	$218,827	$-63,244
2018	$188,914	$223,892	$288,291	$-34,978

LAKE TIPPECANOE PROPERTY OWNERS INC