SILVER LAKE ESTATES

EIN: 340660207

CUYAHOGA FALLS, OH

Total Revenue
$350,947
Total Expenses
$406,363
Total Assets
$828,496
Net Assets
$828,496
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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
OH
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

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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%)

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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

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Governance

Voting Members
4
Independent Members
4
Employees
26
Volunteers
8

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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