LAKE COMO BEACH PROP OWNER'S ASSOC (EIN 391204129) - 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

1929

Legal Domicile

Principal Officer

MIKE SPREAD

Phone

2622491200

Tax Period

2024-06-01 to 2025-03-31

LAKE COMO BEACH PROP OWNER'S ASSOC, founded in 1929, is a small nonprofit in the Human Services sector that reported $189K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $167K left a modest 12% surplus.

Mission

LAKE COMO BEACH PROPERTY OWNER'S ASSOCIATION WAS FORMED FOR THE PURPOSE TO SERVE THE INDIVIDUAL PROPERTY OWNERS WHO ARE MEMBERS OF THE ASSOCIATION. THE ASSOCIATION'S GOAL IS TO PRESERVE, MAINTAIN AND PROTECT THE PROPERTY AND COMMON AREAS OF LAKE COMO BEACH FOR THE BENEFIT AND ENJOYMENT OF THE INDIVIDUAL PROPERTY OWNERS (MEMBERS) OF LAKE COMO BEACH.

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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 $1,200

Program Service Revenue $186,672

Investment Income $812

Other Revenue $6

TOTAL REVENUE $188,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,916

Fundraising Expenses $0

Other Expenses $126,594

TOTAL EXPENSES $166,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,690	$216,793	-0.1%
Expenses	$166,510	$218,846	-0.2%
Net Income	$22,180	$-2,053	-11.8%

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
JOHN WINTERS	PRESIDENT	N/A	Officer	$0	$0	$0
DENNIS HAMMER	VICE PRESIDE	N/A	Officer	$0	$0	$0
MIKE SPREAD	TREASURER	N/A	Officer	$0	$0	$0
JUDY DECKER	SECRETARY	N/A	Officer	$0	$0	$0
RUBY CHAMBERS	DIRECTOR	N/A	Director	$0	$0	$0
TINA INVERGO	DIRECTOR	N/A	Director	$0	$0	$0
BILL FINKEL	DIRECTOR	N/A	Director	$0	$0	$0
TOM CAVADIAS	DIRECTOR	N/A	Director	$0	$0	$0
JANET KOWALSKI	DIRECTOR	N/A	Director	$0	$0	$0
ANNE WITT	DIRECTOR	N/A	Director	$0	$0	$0
SUE WINTERS	DIRECTOR	N/A	Director	$0	$0	$0
TERRY PODY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN BOUCK	DIRECTOR	N/A	Director	$0	$0	$0
RAY CZAMIK	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
2025	$188,690	$166,510	$626,977	$22,180
2024	$216,793	$218,846	$689,979	$-2,053
2023	$216,957	$182,388	$689,560	$34,569
2022	$198,837	$237,493	$659,438	$-38,656
2021	$185,668	$165,350	$688,483	$20,318
2020	$190,516	$186,317	$655,926	$4,199
2019	$191,610	$159,044	$760,531	$32,566
2018	$189,797	$153,184	$726,322	$36,613

LAKE COMO BEACH PROP OWNER'S ASSOC