LAKE BELLA VISTA IMPROVEMENT 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

2000

Legal Domicile

Principal Officer

CASEY SMITH

Phone

6168746777

Tax Period

2024-10-01 to 2025-09-30

LAKE BELLA VISTA IMPROVEMENT ASSOCIATION, founded in 2000, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $348K, a strong 27% operating margin.

Mission

TO PROVIDE WATER SERVICE, MAINTAIN COMMON AREAS AND PROMOTE THE HEALTH SAFETY AND WELFARE OF THE LAKE BELLA VISTA RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $507,492 Revenue: $491,935

THE ASSOCIATION PROVIDED MAINTENANCE, PRESERVATION AND ARCHITECTURAL CONTROL OF THE COMMON REAL ESTATE OF THE HOMEOWNERS ASSOCIATION AND THE TWO LAKES WITHIN ITS JURISDICTION.

Program 2

Expenses: $366,893 Revenue: $532,007

THE ASSOCIATION PROVIDED METERED WATER FOR THE EXCLUSIVE BENEFIT OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,023,942

Investment Income $72,027

Other Revenue $184,910

TOTAL REVENUE $1,280,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,779

Fundraising Expenses $0

Program Expenses $874,385

Other Expenses $778,203

TOTAL EXPENSES $932,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,280,879	$1,131,942	+0.1%
Expenses	$932,982	$848,953	+0.1%
Net Income	$347,897	$282,989	+0.2%

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
CASEY SMITH	PRESIDENT	1.30	Officer Director	$0	$0	$0
LORRIE HANEY	SECRETARY	1.30	Officer Director	$0	$0	$0
BRANDON GRAETZ	TREASURER	1.30	Officer Director	$0	$0	$0
GENE KUEHLE	DIRECTOR	1.30	Officer Director	$0	$0	$0
PAT DALTON	DIRECTOR	1.30	Director	$0	$0	$0
ADAM ZUZELSKI	DIRECTOR	1.30	Director	$0	$0	$0
MARK WELLS	DIRECTOR	1.30	Director	$0	$0	$0
ELIZABETH TAYLOR	DIRECTOR	1.30	Director	$0	$0	$0
RUSS DUBA	DIRECTOR	1.30	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	$1,280,879	$932,982	$3,574,872	$347,897
2024	$1,131,947	$848,953	$3,175,245	$282,994
2023	$915,944	$760,560	$2,840,542	$155,384
2022	$803,238	$676,812	$2,691,698	$126,426
2021	$743,900	$663,154	$2,780,616	$80,746
2020	$739,357	$737,016	$2,673,689	$2,341
2018	$633,383	$576,094	$2,488,200	$57,289

LAKE BELLA VISTA IMPROVEMENT ASSOCIATION