SPRING LAKE ASSOCIATION (EIN 370527420) - 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

1916

Legal Domicile

Principal Officer

MIKE RIDDER

Phone

2172225250

Tax Period

2023-01-01 to 2023-12-31

SPRING LAKE ASSOCIATION, founded in 1916, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 3% surplus.

Mission

TO PROVIDE GOLF AND OUTDOOR FELLOWSHIP TO ALL MEMBERS AND GUESTS

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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 $23,891

Program Service Revenue $1,463,772

Investment Income $4,982

Other Revenue $597,938

TOTAL REVENUE $2,090,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,009,237

Fundraising Expenses $0

Other Expenses $942,736

TOTAL EXPENSES $1,951,973

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,090,583	$2,005,233	+0.0%
Expenses	$1,951,973	$1,925,772	+0.0%
Net Income	$138,610	$79,461	+0.7%

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

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
TODD FRYIE	DIRECTOR	N/A	Director	$0	$0	$0
JASON KATENIN	DIRECTOR	N/A	Director	$0	$0	$0
STEVE PETERS	DIRECTOR	N/A	Director	$0	$0	$0
RANDY SHOVER	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW SMITH	DIRECTOR	N/A	Director	$0	$0	$0
BOB BESWICK	VICE PRESIDE	N/A	Officer	$0	$0	$0
MIKE RIDDER	PRESIDENT	N/A	Officer	$0	$0	$0
DENNIS SLOUGH	SECRETARY/TR	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	No data	No data	No data	No data
2023	$2,090,583	$1,951,973	$2,224,553	$138,610
2023	$2,090,583	$1,951,973	$2,224,553	$138,610
2023	$2,090,583	$1,951,973	$2,224,553	$138,610
2022	$2,005,233	$1,925,772	$1,925,621	$79,461
2021	$1,984,552	$1,713,205	$1,732,222	$271,347
2020	$1,396,088	$1,484,498	$1,558,867	$-88,410
2019	$1,580,620	$1,583,442	$1,679,555	$-2,822
2018	$1,657,164	$1,605,913	$1,529,579	$51,251

SPRING LAKE ASSOCIATION