WINONA LAKE PRESERVATION ASSOCIATI… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

CHRIS CUMMINS

Phone

5742684400

Tax Period

2023-01-01 to 2023-12-31

WINONA LAKE PRESERVATION ASSOCIATION INC, founded in 1984, is a micro nonprofit in the Environment sector that reported $31K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Net assets of $69K represent 27 months of operating reserves.

Mission

TO PROMOTE AQUATIC CONSERVATION, LAKE EDUCATION, SAFETY AND RECREATIONAL USE OF WINONA LAKE FOR THE COMMUNITY.

Program Service Accomplishments

Program 1

Revenue: $5,813

LAKE CHANNEL DREDGING

Program 2

Expenses: $32,324 Revenue: $24,783

LAKE BEAUTIFICATION AND EDUCATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $30,597

Program Service Revenue $0

Investment Income $145

Other Revenue $0

TOTAL REVENUE $30,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,324

Other Expenses $32,324

TOTAL EXPENSES $32,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,742	$18,340	+0.7%
Expenses	$32,324	$16,204	+1.0%
Net Income	$-1,582	$2,136	-1.7%

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

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	Role	Reportable Comp	Other Comp	Total
CHRIS RANKIN	DIRECTOR	Director	$0	$0	$0
PEGGY LIEFFRING	DIRECTOR	Director	$0	$0	$0
BILL MCCARRICK	DIRECTOR	Director	$0	$0	$0
DAVE HIGGINS	DIRECTOR	Director	$0	$0	$0
ART GAKSTATTER	DIRECTOR	Director	$0	$0	$0
DODGE ELKINS	DIRECTOR	Director	$0	$0	$0
CHRIS SHERRILL	DIRECTOR	Director	$0	$0	$0
DANIEL LEININGER	DIRECTOR	Director	$0	$0	$0
CHRIS CUMMINS	PRESIDENT	Officer	$0	$0	$0
JOY LOHSE	SECRETARY	Officer	$0	$0	$0
JEANNIE STOUDER	VP	Officer	$0	$0	$0
JILL SERBOUSEK	TREASURER	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
2023	$30,742	$32,324	$69,456	$-1,582
2022	$18,340	$16,204	$71,040	$2,136
2021	$19,613	$20,228	$68,904	$-615
2020	$22,994	$100,500	$69,519	$-77,506
2019	$277,525	$223,113	$144,044	$54,412

WINONA LAKE PRESERVATION ASSOCIATION INC