LAKE HOLIDAY PROPERTY OWNERS' ASSOCIATION INC

EIN: 362645915

SOMONAUK, IL

Total Revenue
$2,381,542
Total Expenses
$2,095,008
Total Assets
$7,260,189
Net Assets
$7,016,153
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
IL
Principal Officer
JEFF MARCO
Phone
8154982216
Tax Period
2023-01-01 to 2023-12-31

LAKE HOLIDAY PROPERTY OWNERS' ASSOCIATION INC, founded in 1965, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Expenses of $2.1M left a modest 12% surplus.

Mission

TO GOVERN THE AFFAIRS OF THE ASSOCIATION IN ACCORDANCE WITH ITS RESTRICTIVE COVENANTS, BY-LAWS, AND RULES AND REGULATIONS, SO AS TO PROTECT AND ENHANCE THE COMMUNITY QUALITY OF LIFE AND PROPERTY VALUES OF COMMON ASSOCIATION ASSETS.

Program Service Accomplishments

Program 1
Expenses: $1,822,702 Revenue: $2,154,447

TO OPERATE AND MAINTAIN COMMON AREAS. ALSO, TO PROVIDE SECURITY, REFUSE DISPOSAL AND OTHER SERVICES TO ITS 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,131,168
Investment Income $164,777
Other Revenue $85,597
TOTAL REVENUE $2,381,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $862,340
Fundraising Expenses $0
Program Expenses $1,822,702
Other Expenses $1,232,668
TOTAL EXPENSES $2,095,008

Year-over-Year Comparison

2023 2022 Change
Revenue $2,381,542 $2,209,514 +0.1%
Expenses $2,095,008 $2,104,571 0.0%
Net Income $286,534 $104,943 +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 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
7
Independent Members
N/A
Employees
30
Volunteers
60

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
$127,356
Total Directors
8
$4,900
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF MARCO PRESIDENT 0.50
Officer Director
$805 $0 $805
DEBRA GERDES VICE PRESIDENT/SECRETARY 0.50
Officer Director
$805 $0 $805
JAY WIEGMAN TREASURER 0.50
Officer Director
$630 $0 $630
RAY CONLEY DIRECTOR 0.50
Director
$630 $0 $630
AHREN LEHNER DIRECTOR 0.50
Director
$525 $0 $525
BRYAN NEEDHAM DIRECTOR 0.50
Director
$805 $0 $805
RAYMOND UZUMECKI DIRECTOR 0.50
Director
$700 $0 $700
GREGORY WASSON DIRECTOR (THRU FEB 2023) 0.50
Director
$0 $0 $0
D JON BOUXSEIN GENERAL MANAGER 40.00
Officer
$120,610 $4,506 $125,116
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 No data No data No data No data
2023 $2,381,542 $2,095,008 $7,260,189 $286,534
2022 $2,209,514 $2,104,571 $7,038,249 $104,943
2021 $2,253,751 $2,093,778 $7,075,550 $159,973
2020 $2,200,933 $1,948,826 $7,098,358 $252,107
2019 $2,222,718 $2,022,432 $7,202,868 $200,286
2018 $2,239,170 $1,893,092 $7,112,947 $346,078
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