LAKE SENECA RESORTS ASSOCIATION (EIN 341253813) - 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

1974

Legal Domicile

Principal Officer

CYNTHIA KANE

Phone

7406852010

Tax Period

2024-04-01 to 2025-03-31

LAKE SENECA RESORTS ASSOCIATION, founded in 1974, is a small nonprofit that reported $541K in total revenue in fiscal year 2024. Expenses of $496K left a modest 8% surplus.

Mission

TO PROVIDE RECREATIONAL FACILITIES AND AREAS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2

Program Service Revenue $472,982

Investment Income $7,387

Other Revenue $60,573

TOTAL REVENUE $540,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,028

Fundraising Expenses $0

Other Expenses $421,728

TOTAL EXPENSES $495,756

Year-over-Year Comparison

	2024	2023	Change
Revenue	$540,944	$558,066	0.0%
Expenses	$495,756	$414,399	+0.2%
Net Income	$45,188	$143,667	-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
JOE BROWN	TRUSTEE	2.00	Director	$0	$0	$0
TERRY DUVALL	TRUSTEE	2.00	Director	$0	$0	$0
DENNIS MOORE	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN D JAMIESON	VP & TREASUR	2.00	Officer	$0	$0	$0
CYNTHIA KANE	PRESIDENT	2.00	Officer	$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	$540,944	$495,756	$1,285,598	$45,188
2024	$558,066	$414,399	$1,223,014	$143,667
2023	$707,000	$506,405	$1,067,878	$200,595
2022	$428,373	$404,543	$922,319	$23,830
2021	$406,279	$367,763	$836,235	$38,516
2020	$391,375	$445,343	$833,764	$-53,968
2019	$465,500	$333,279	$824,917	$132,221

LAKE SENECA RESORTS ASSOCIATION