SILVER LAKE ESTATES

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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

1920

Legal Domicile

Principal Officer

MICHAEL S DEARDEN

Phone

3309294177

Tax Period

2024-01-01 to 2024-12-31

SILVER LAKE ESTATES, founded in 1920, is a small nonprofit that reported $351K in total revenue in fiscal year 2024. Expenses of $406K exceeded revenue, resulting in a 16% operating deficit.

Mission

RECREATION AND FELLOWSHIP FOR MEMBERS

Program Service Accomplishments

Program 1

Expenses: $380,626 Revenue: $349,461

APPROXIMATELY 460 MEMBERS AND THEIR FAMILIES AND GUESTS ENJOYED THE PLEASURE, RECREATION AND FELLOWSHIP PROVIDED THROUGH THE OPERATION, MAINTENANCE AND IMPROVEMENTS OF SILVER LAKE

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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 $0

Program Service Revenue $349,461

Investment Income $894

Other Revenue $592

TOTAL REVENUE $350,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,286

Fundraising Expenses $0

Program Expenses $380,626

Other Expenses $284,512

TOTAL EXPENSES $406,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$350,947	$334,184	+0.1%
Expenses	$406,363	$294,472	+0.4%
Net Income	$-55,416	$39,712	-2.4%

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

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
MIKE WALKER	TREASURER	5.00	Officer Director	$0	$0	$0
POLLY BLOOM	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE DEARDEN	TRUSTEE	2.00	Director	$0	$0	$0
BARB EDGAR	TRUSTEE	4.00	Director	$0	$0	$0
TIM NICHOLS	TRUSTEE	1.00	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
2024	$350,947	$406,363	$828,496	$-55,416
2023	$334,184	$294,472	$883,912	$39,712
2022	$315,459	$343,875	$844,200	$-28,416
2021	$316,519	$289,311	$872,616	$27,208
2020	$328,468	$270,241	$845,408	$58,227
2019	$329,773	$249,716	$787,181	$80,057
2018	$295,318	$314,070	$707,124	$-18,752