Lake Cable Recreation Association Inc (EIN 340347239) - 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

1928

Legal Domicile

Principal Officer

Stan Barnes

Phone

3304992608

Tax Period

2024-10-01 to 2025-09-30

Lake Cable Recreation Association Inc, founded in 1928, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $868K left a modest 14% surplus.

Mission

OPERATE AND MAINTAIN RECREATION FACILITIES FOR EXCLUSIVE USE OF ITS MEMBERS.

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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 $55,500

Program Service Revenue $860,697

Investment Income $51,583

Other Revenue $43,229

TOTAL REVENUE $1,011,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,812

Fundraising Expenses $8,061

Program Expenses $634,814

Other Expenses $532,195

TOTAL EXPENSES $868,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,011,009	$1,457,634	-0.3%
Expenses	$868,007	$896,466	0.0%
Net Income	$143,002	$561,168	-0.7%

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

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
Randy Cupari	President	2.0	Officer Director	$0	$0	$0
Dan Sibila	Vice President	2.0	Officer Director	$0	$0	$0
Stan Barnes	Treasurer	2.0	Officer Director	$0	$0	$0
John Streb	Secretary	2.0	Officer Director	$0	$0	$0
Julie Edwards	Communications Trustee	1.0	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	$1,011,009	$868,007	$3,204,563	$143,002
2024	$1,457,634	$896,466	$3,045,425	$561,168
2023	$805,420	$770,940	$2,313,821	$34,480
2022	$851,603	$937,483	$2,285,485	$-85,880
2021	$819,387	$814,143	$2,367,498	$5,244
2020	$783,145	$761,466	$2,365,629	$21,679
2019	$756,912	$669,190	$2,346,660	$87,722

Lake Cable Recreation Association Inc