CENTRELAKE OWNERS ASSOCIATION (EIN 330247894) - 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

MICHAEL RADEMAKER

Phone

9494486300

Tax Period

2025-01-01 to 2025-12-31

CENTRELAKE OWNERS ASSOCIATION, founded in 1987, is a small nonprofit that reported $301K in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $274K left a modest 9% surplus.

Mission

THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOCIATION ARE TO BRING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION AND APPEARANCE OF THE DEVELOPMENT. THE ASSOCIATION OWNS AND MAINTAINS LAKE AND PARK AREAS COVERING 73 ACRES LOCATED IN ONTARIO, CALIFORNIA. THE PARK AND LAKE AREAS ARE ACCESSIBLE TO RESIDENTS IN THE SURROUNDING RESIDENTIAL AREAS ON AN UNRESTRICTED BASIS. AMONG THE GENERAL PURPOSES OF THE ASSOCIATION IS TO PROMOTE THE COMMON GOOD, HEALTH, SAFETY, AND GENERAL WELFARE OF THE COMMUNITY. NO GRANTS ARE PROVIDED TO OTHERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $288,479

Program Service Revenue $0

Investment Income $12,480

Other Revenue $0

TOTAL REVENUE $300,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,050

Other Expenses $273,767

TOTAL EXPENSES $273,767

Year-over-Year Comparison

	2025	2024	Change
Revenue	$300,959	$232,906	+0.3%
Expenses	$273,767	$234,625	+0.2%
Net Income	$27,192	$-1,719	-16.8%

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

N/A

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
MICHAEL RADEMAKER	CEO	10.00	Director	$0	$0	$0
RAKESH SETH	CFO, SECRETARY	10.00	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	$300,959	$273,767	$564,328	$27,192
2024	$232,906	$234,625	$494,852	$-1,719
2023	$240,879	$241,277	$440,742	$-398
2022	$207,229	$212,358	$448,503	$-5,129
2021	$214,477	$219,621	$412,738	$-5,144
2020	$196,093	$201,228	$459,542	$-5,135
2019	$208,282	$210,058	$253,320	$-1,776
2018	$178,387	$177,509	$257,780	$878

CENTRELAKE OWNERS ASSOCIATION