LAKE OGEMAW SUMMER RESORT ASSOCIATION (EIN 382140374) - 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

1969

Legal Domicile

Principal Officer

FRANK BARRETTA

Phone

9898733058

Tax Period

2024-07-01 to 2025-06-30

LAKE OGEMAW SUMMER RESORT ASSOCIATION, founded in 1969, is a small nonprofit that reported $333K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $62K, a strong 19% operating margin.

Mission

PROPERTY OWNERS' 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $281,081

Investment Income $39,535

Other Revenue $12,319

TOTAL REVENUE $332,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,791

Fundraising Expenses $25

Other Expenses $252,003

TOTAL EXPENSES $270,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$332,935	$286,659	+0.2%
Expenses	$270,794	$220,475	+0.2%
Net Income	$62,141	$66,184	-0.1%

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
FRANK BARRETTA	TREASURER	5.00	Officer Director	$0	$0	$0
GEORGE BUHLER	TRUSTEE	5.00	Officer Director	$0	$0	$0
BRENT GILBERT	TRUSTEE	5.00	Officer Director	$0	$0	$0
JAIME IBARRA	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
SUE KIWAK	SECRETARY	5.00	Officer Director	$0	$0	$0
GREG QUIGLEY	TRUSTEE	5.00	Officer Director	$0	$0	$0
RICK SINCLAIR	PRESIDENT	5.00	Officer 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
2025	$332,935	$270,794	$674,460	$62,141
2024	$286,659	$220,475	$598,643	$66,184
2023	$317,991	$232,899	$473,997	$85,092
2022	$234,468	$276,496	$388,953	$-42,028
2021	$241,811	$242,358	$433,805	$-547
2020	$255,574	$202,294	$434,421	$53,280
2019	$222,640	$181,301	$354,962	$41,339
2018	$249,060	$207,188	$351,408	$41,872

LAKE OGEMAW SUMMER RESORT ASSOCIATION