EAST SHORE SCHROON 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

1967

Legal Domicile

Principal Officer

Robert Colegrove

Phone

2155102394

Tax Period

2024-01-01 to 2024-12-31

EAST SHORE SCHROON LAKE ASSOCIATION, founded in 1967, is a micro nonprofit in the Education sector that reported $44K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 42% operating margin.

Mission

To help maintain the health and cleanliness of Schroon Lake and River for recreational purposes and to educate the surrounding public about programs that support this cause.

Program Service Accomplishments

Program 1

Expenses: $2,104 Revenue: $0

Schroon Lake water tested. Managed a scouting program to discover areas of eurasian milfoil and curly leaf pond weed for removal. Tested Schroon Lake's water quality several times during the year in...

Program 2

Expenses: $0 Revenue: $0

Steward Program: From May 24, 2024 to October 14, 2024, The East Shore Schroon Lake Association managed a watercraft inspection station at a State owned boat launch with the job of inspecting all...

Steward Program: From May 24, 2024 to October 14, 2024, The East Shore Schroon Lake Association managed a watercraft inspection station at a State owned boat launch with the job of inspecting all watercraft entering and exiting the south end of Schroon Lake for invasive species such as eurasian milfoil, curly leaf pond weed, zebra mussels, water chestnut, and asian clams. Boats are cleaned as deemed necessary. Our station is one of the busiest AIS inspection stations of all watercraft inspection stations in the Adirondack Park.

Program 3

Expenses: $2,636 Revenue: $0

Member Education: A major component of the organization is education provided to property owners and visitors to the Greater Schroon Lake Area. Education comprises an annual newsletter (voted one of the best newsletters by the New York State Federation of Lake Associations), email blasts to members (Minipearls), educational maps of the lake, information booths at trade shows and local events, and volunteer and member attendance at conferences to provide information on current issues and to develop skills to preserve Schroon Lake as a recreational resource.

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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 $39,662

Program Service Revenue $0

Investment Income $3,887

Other Revenue $0

TOTAL REVENUE $43,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,016

Program Expenses $7,850

Other Expenses $25,233

TOTAL EXPENSES $25,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,549	$35,923	+0.2%
Expenses	$25,233	$23,131	+0.1%
Net Income	$18,316	$12,792	+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
Stephen Ehler	Director	2	Director	$0	$0	$0
Chris DeGiovine	Director	2	Director	$0	$0	$0
Everett McNeill	Environmental Committee Chairman/Director	4	Director	$0	$0	$0
John Greening	Director	2	Director	$0	$0	$0
Carol Molino	Membership Chairwoman/Director	4	Director	$0	$0	$0
Susan Lauricella	Director	2	Director	$0	$0	$0
Tad Matley	Director	2	Director	$0	$0	$0
Robert Colegrove	President/Director	5	Director	$0	$0	$0
Gary Karl	Director/Vice President	5	Director	$0	$0	$0
Jeanne Clement	Secretary/Director	3	Director	$0	$0	$0
Frederick Smith	Treasurer/Director	3	Director	$0	$0	$0
Laura Gumaer	Director	2	Director	$0	$0	$0
Paul Goldworthy	Director	2	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	$43,549	$25,233	$109,724	$18,316
2023	$35,923	$23,131	$91,408	$12,792
2022	$35,306	$28,154	$78,616	$7,152
2021	$37,045	$16,895	$71,464	$20,150
2020	$25,281	$15,610	$51,314	$9,671
2019	$32,381	$32,181	$41,643	$200
2018	$28,156	$11,843	$41,443	$16,313