EAST LAKE LOT OWNERS ASSOCIATION (EIN 351579749) - 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

2004

Legal Domicile

Principal Officer

JO O'SULLIVAN

Phone

3174401366

Tax Period

2024-01-01 to 2024-12-31

EAST LAKE LOT OWNERS ASSOCIATION, founded in 2004, is a small nonprofit that reported $168K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $42K, a strong 25% operating margin.

Mission

TO PROVIDE LEADERSHIP THAT CONSISTENTLY STRIVES TO PROTECT THE PROPERTY VALUE OF ALL E.L.L.O.A. MEMBERS AND TO ENSURE THEIR ENJOYMENT OF LAKE ACTIVITIES THROUGH APPROPRIATE FINANCIAL PLANS AND POLICIES BY-LAWS RULES AND REGULATIONS APPROVED BY THE 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 $167,896

Program Service Revenue $0

Investment Income $48

Other Revenue $0

TOTAL REVENUE $167,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $125,775

TOTAL EXPENSES $125,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,944	$153,251	+0.1%
Expenses	$125,775	$266,958	-0.5%
Net Income	$42,169	$-113,707	-1.4%

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

N/A

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
KEN COLBURN	PRESIDENT	5.00	Officer	$0	$0	$0
JO O'SULLIVAN	TREASURER	10.00	Officer	$0	$0	$0
BRAD STREET	VICE PRESIDE	2.00	Officer	$0	$0	$0
CIS LITTIKEN	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL BUENING	BOARD MEMBER	1.00	Director	$0	$0	$0
EVERT YAGER	BOARD MEMBER	2.00	Director	$0	$0	$0
CHUCK KERSCHEN	BOARD MEMBER	4.00	Director	$0	$0	$0
DAN HEEREN	BOARD MEMBER	0.50	Director	$0	$0	$0
MIKE SORRELLS	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN KYLE	BOARD MEMBER	0.50	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	$167,944	$125,775	$70,333	$42,169
2023	$153,251	$266,958	$28,164	$-113,707
2022	$145,154	$123,861	$141,871	$21,293
2021	$132,282	$178,293	$120,578	$-46,011
2020	$137,103	$231,815	$166,589	$-94,712

EAST LAKE LOT OWNERS ASSOCIATION