BASS LAKE PROPERTY OWNERS' ASSOC

EIN: 356044303

KNOX, IN

Total Revenue
$245,343
Total Expenses
$194,447
Total Assets
$738,873
Net Assets
$735,816
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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
1929
Legal Domicile
IN
Principal Officer
TERRY CHMIEL
Phone
5747722580
Tax Period
2024-01-01 to 2024-12-31

BASS LAKE PROPERTY OWNERS' ASSOC, founded in 1929, is a small nonprofit that reported $245K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 21% operating margin.

Mission

THE PROTECTION OF THE PROPERTY OF THE MEMBERS. THE PROTECTION OF THE WATER OF BASS LAKE FROM POLLUTION OF ANY TYPE TO PROMOTE THE ESTABLISHMENT AND PROPER LEVEL OF BASS LAKE TO PROMOTE THE IMPROVEMENT OF GENERAL CONDITIONS AT BASS LAKE AND THE IMMEDIATE VICINITY TO PROMOTE THE RESTOCKING OF BASS LAKE WITH GAME FISH AND THE PROTECTION OF SAID GAME FISH TO PROMOTE PROPER LAW ENFORCEMENT TO PROVIDE THE COLLECTION OF GARBAGE FROM THE MEMBERS OF THIS ASSOCIATION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $212,703
Investment Income $5,260
Other Revenue $27,380
TOTAL REVENUE $245,343

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $173,782
Other Expenses $194,447
TOTAL EXPENSES $194,447

Year-over-Year Comparison

2024 2023 Change
Revenue $245,343 $169,087 +0.5%
Expenses $194,447 $163,610 +0.2%
Net Income $50,896 $5,477 +8.3%
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

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Governance

Voting Members
11
Independent Members
11
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AILEEN COLLURA DIRECTOR N/A
Director
$0 $0 $0
WILLIAM OLIVER III DIRECTOR N/A
Director
$0 $0 $0
RODNEY REDWEIK DIRECTOR N/A
Director
$0 $0 $0
BILL SLAVIK DIRECTOR N/A
Director
$0 $0 $0
MARY TOPELIAN DIRECTOR N/A
Director
$0 $0 $0
RON VENDL DIRECTOR N/A
Director
$0 $0 $0
CATHY WAGNER DIRECTOR N/A
Director
$0 $0 $0
TOM BUSCH VICE PRESIDE N/A
Officer
$0 $0 $0
TERRY CHMIEL PRESIDENT N/A
Officer
$0 $0 $0
AJ GAPPA TREASURER N/A
Officer
$0 $0 $0
KATHY LAITER SECRETARY N/A
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
2024 $245,343 $194,447 $738,873 $50,896
2023 $169,087 $163,610 $687,977 $5,477
2022 $161,011 $152,431 $682,501 $8,580
2021 $170,987 $153,566 $673,921 $17,421
2020 $157,589 $140,423 $656,500 $17,166
2019 $137,573 $100,870 $639,334 $36,703
2018 $127,870 $110,409 $601,841 $17,461
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