FOREST LAKE PROPERTY OWNERS ASSOC … - 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

1970

Legal Domicile

Principal Officer

DANIEL LEFEVRE

Phone

9898362155

Tax Period

2023-04-01 to 2024-03-31

FOREST LAKE PROPERTY OWNERS ASSOC OF ARENAC COUNTY, founded in 1970, is a small nonprofit that reported $297K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $433K exceeded revenue, resulting in a 46% operating deficit.

Mission

MAINTENANCE, SECURITY, FOREST LAKE AREA

Program Service Accomplishments

Program 1

Expenses: $341,862

GENERAL MAINTENANCE, SECURITY AND UPKEEP OF THE AREA OF FOREST LAKE FOR THE BENEFIT OF THE MEMBERSHIP IN PARTICULAR AND MOFFATT TOWNSHIP IN GENERAL

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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 $407

Program Service Revenue $200,596

Investment Income $3,251

Other Revenue $92,348

TOTAL REVENUE $296,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,218

Fundraising Expenses $0

Program Expenses $341,862

Other Expenses $234,024

TOTAL EXPENSES $433,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,602	$549,341	-0.5%
Expenses	$433,242	$257,114	+0.7%
Net Income	$-136,640	$292,227	-1.5%

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

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
JAMES P KELLY	TREASURER	N/A	Officer Director	$0	$0	$0
DANIEL LEFEVRE	PRESIDENT	N/A	Officer Director	$0	$0	$0
DANIEL MANCANI	DIRECTOR	N/A	Director	$0	$0	$0
VITO MANZELLA	DIRECTOR	N/A	Director	$0	$0	$0
TRACY REITZLOFF	SECRETARY	N/A	Officer Director	$0	$0	$0
GENE ROSS	DIRECTOR	N/A	Director	$0	$0	$0
RON SWAGMAN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MATTHEW WINBERG	DIRECTOR	N/A	Director	$0	$0	$0
DEBRA WOJIE	DIRECTOR	N/A	Director	$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	$296,602	$433,242	$1,634,341	$-136,640
2023	$549,341	$257,114	$1,917,841	$292,227
2022	$1,402,795	$373,086	$1,616,633	$1,029,709
2021	$266,393	$399,925	$536,729	$-133,532
2020	$162,162	$411,650	$671,096	$-249,488
2019	$280,963	$317,738	$922,215	$-36,775

FOREST LAKE PROPERTY OWNERS ASSOC OF ARENAC COUNTY