Towne Lake Community Services Foundation Inc (EIN 320283965) - 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

2009

Legal Domicile

Principal Officer

Peter Barnhart

Phone

4806247051

Tax Period

2023-01-01 to 2023-12-31

Towne Lake Community Services Foundation Inc, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $980K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $409K, a strong 42% operating margin.

Mission

To assist in the sponsorship of services and programs for the residents of Towne Lake 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 (2023)

Revenue Breakdown

Contributions & Grants $928,561

Program Service Revenue $0

Investment Income $51,090

Other Revenue $0

TOTAL REVENUE $979,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $557,581

Other Expenses $570,484

TOTAL EXPENSES $570,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$979,651	$1,179,053	-0.2%
Expenses	$570,484	$465,444	+0.2%
Net Income	$409,167	$713,609	-0.4%

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
Fred Caldwell	President	2.00	Officer Director	$0	$0	$0
Peter Barnhart	Vice President	2.00	Officer Director	$0	$0	$0
Susan Caldwell	Secretary	2.00	Officer Director	$0	$0	$0
Alissa Faircloth	Director	2.00	Director	$0	$0	$0
Jennifer Symons	Treasurer	2.00	Officer 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	No data	No data	No data	No data
2023	$979,651	$570,484	$2,961,711	$409,167
2022	$1,179,053	$465,444	$2,560,168	$713,609
2021	$1,117,169	$601,949	$1,823,620	$515,220
2020	$773,560	$314,893	$1,343,675	$458,667
2019	$3,957,494	$356,951	$826,005	$3,600,543
2018	$530,844	$379,029	$417,674	$151,815

Towne Lake Community Services Foundation Inc