LAKE MAXINKUCKEE ASSOCIATION INC (EIN 350919825) - 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

1949

Legal Domicile

Phone

5748423021

Tax Period

2024-01-01 to 2024-12-31

LAKE MAXINKUCKEE ASSOCIATION INC, founded in 1949, is a small nonprofit in the Environment sector that reported $213K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $73K, a strong 34% operating margin.

Mission

LAKE MAXINKUCKEE ASSOCIATION INC.S MAJOR RESPONSIBIITY IS TO MAINTAIN THE PUBLIC SAFETY OF LAKE MAXINKUCKEE AND THE ROADS SURROUNDING THE 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 $198,154

Program Service Revenue $13,043

Investment Income $1,908

Other Revenue $0

TOTAL REVENUE $213,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,795

Fundraising Expenses $0

Program Expenses $140,401

Other Expenses $79,606

TOTAL EXPENSES $140,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,105	$135,914	+0.6%
Expenses	$140,401	$159,924	-0.1%
Net Income	$72,704	$-24,010	-4.0%

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
LINDSAY WHEELER	SECRETARY	1.00	Director	$0	$0	$0
ANDY MOHR	EX OFFICIO	1.00	Director	$0	$0	$0
MARY LOU DURKES	DIRECTOR	1.00	Director	$0	$0	$0
ROSE WORKMAN	EXECUTIVE DIRECTOR	10.00	Director	$0	$0	$0
MOLLY STURMAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM RICE	DIRECTOR	1.00	Director	$0	$0	$0
JANE YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
RAY FARABAUGH	DIRECTOR	1.00	Director	$0	$0	$0
RICH SYTSMA	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CRIST	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY STURMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRADLEY CLOUSING	TREASURER	1.00	Officer Director	$0	$0	$0
LORI BENDY	VICE PRESIDENT	0.00	Officer 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	$213,105	$140,401	$177,280	$72,704
2023	$135,914	$159,924	$104,577	$-24,010
2022	$126,104	$170,771	$128,587	$-44,667
2021	$187,306	$131,399	$172,145	$55,907
2020	$119,804	$131,996	$116,160	$-12,192
2019	$98,731	$128,464	$121,103	$-29,733
2018	$113,140	$119,287	$149,977	$-6,147

LAKE MAXINKUCKEE ASSOCIATION INC