LAKE MALLALIEU ASSOCIATION INC (EIN 391322737) - 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

1979

Legal Domicile

Principal Officer

SUSAN GILBERT

Phone

7153866173

Tax Period

2023-10-01 to 2024-09-30

LAKE MALLALIEU ASSOCIATION INC, founded in 1979, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $976K, a strong 93% operating margin.

Mission

THE MISSION OF THE LAKE MALLALIEU ASSOCIATION, INC IS TO RETAIN AND ENHANCE THE QUALITY OF LAKE MALLALIEU, ITS SHORELINE, FISH, AND WILDLIFE FOR THE PRESENT AND FUTURE ENJOYMENT OF RESIDENTS AND VISITORS.

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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 $1,018,717

Program Service Revenue $0

Investment Income $35,715

Other Revenue $0

TOTAL REVENUE $1,054,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,309

Other Expenses $78,309

TOTAL EXPENSES $78,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,054,432	N/A	N/A
Expenses	$78,309	N/A	N/A
Net Income	$976,123	N/A	N/A

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

N/A

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
JIM FAYE	BOARD MEMBER	0.25	Director	$0	$0	$0
BILL FRISTAD	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL GAVIC	BOARD MEMBER	0.50	Director	$0	$0	$0
SUSAN GILBERT	PRESIDENT	8.00	Officer Director	$0	$0	$0
MIKE LAATSCH	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF LAVERS	SECRETARY	1.00	Officer Director	$0	$0	$0
WARREN SCHNEIDER	VICE PRESIDE	0.50	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
2024	$1,054,432	$78,309	$999,430	$976,123

LAKE MALLALIEU ASSOCIATION INC