LAKESHORE ASSOCIATION INC (EIN 381681473) - 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

1954

Legal Domicile

Principal Officer

KEVIN JONES

Phone

5867714380

Tax Period

2024-01-01 to 2024-12-31

LAKESHORE ASSOCIATION INC, founded in 1954, is a small nonprofit that reported $112K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $102K left a modest 10% surplus.

Mission

THE OBJECTIVE OF THE CORPOARATION IS TO HOLD REAL ESTATE AND OPERATE AND MANAGE SAME FOR THE LAKESHORE COUNCIL 2733 KNIGHTS OF COLUMBUS, UNDER SEC.501c2 OF INTERNAL REVENUE CODE

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $112,433

TOTAL REVENUE $112,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $101,653

TOTAL EXPENSES $101,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,433	$88,509	+0.3%
Expenses	$101,653	$85,221	+0.2%
Net Income	$10,780	$3,288	+2.3%

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

Governance

Voting Members

Independent Members

N/A

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
KEVIN JONES	TREASURER	001.00	Officer	$0	$0	$0
KEVIN JONES	PRESIDENT	010.00	Officer	$0	$0	$0
GLENN PETERSON	TRUSTEE	001.00	Officer	$0	$0	$0
DOUG BLACKABY	SECRETARY	001.00	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	$112,433	$101,653	$176,673	$10,780
2023	$88,509	$85,221	$166,705	$3,288
2022	$95,899	$96,361	$163,024	$-462
2021	$89,561	$82,625	$164,290	$6,936
2020	$62,091	$76,944	$156,636	$-14,853
2019	$130,663	$122,170	$172,392	$8,493
2018	$106,222	$138,711	$163,248	$-32,489

LAKESHORE ASSOCIATION INC