INDIAN LAKE DEVELOPMENT CORPORATION (EIN 341609783) - 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

1983

Legal Domicile

Principal Officer

RACHEL KUBIC

Phone

9372434820

Tax Period

2024-01-01 to 2024-12-31

INDIAN LAKE DEVELOPMENT CORPORATION, founded in 1983, is a small nonprofit in the Recreation & Sports sector that reported $408K in total revenue in fiscal year 2024. Revenue surged 280% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 24% operating margin.

Mission

IMPROVING INDIAN LAKE AND STATE PARK

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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 $403,932

Program Service Revenue $0

Investment Income $3,832

Other Revenue $0

TOTAL REVENUE $407,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $310,044

Other Expenses $310,044

TOTAL EXPENSES $310,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$407,764	$107,314	+2.8%
Expenses	$310,044	$96,518	+2.2%
Net Income	$97,720	$10,796	+8.1%

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

250

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
DAVID GOFF	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
CINDY RICHTER	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
CYNTHIA DEFIBAUGH	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
LARRY BLINN	BOARD OF DIRECTORS	0.00	Director	$0	$0	$0
RACHEL KUBIC	VICE PRESIDENT	4.00	Officer	$0	$0	$0
TERI FRYMYER	TREASURER	5.00	Officer	$0	$0	$0
MAUREENA STRAUSSER	SECRETARY	4.00	Officer	$0	$0	$0
DALE FRYMYER	PRESIDENT	5.00	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	No data	No data	No data	No data
2024	$407,764	$310,044	$126,212	$97,720

INDIAN LAKE DEVELOPMENT CORPORATION