KORONIS LAKE ASSOCIATION (EIN 411412699) - 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

1971

Legal Domicile

Principal Officer

EZRI FARNUM

Phone

3202433459

Tax Period

2022-07-01 to 2023-06-30

KORONIS LAKE ASSOCIATION, founded in 1971, is a small nonprofit that reported $194K in total revenue in fiscal year 2022. The organization ran a surplus of $52K, a strong 27% operating margin.

Mission

TO PROMOTE THE PROTECTION AND IMPROVEMENT OF LAKE KORONIS

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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 (2022)

Revenue Breakdown

Contributions & Grants $146,862

Program Service Revenue $0

Investment Income $294

Other Revenue $46,555

TOTAL REVENUE $193,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,377

Other Expenses $141,899

TOTAL EXPENSES $141,899

Year-over-Year Comparison

	2022	2021	Change
Revenue	$193,711	N/A	N/A
Expenses	$141,899	N/A	N/A
Net Income	$51,812	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

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
AMY ERDMANN	DIRECTOR	1.00	Officer	$0	$0	$0
EZRI FARNUM	PRESIDENT	1.00	Officer	$0	$0	$0
KEVIN FARNUM	DIRECTOR	1.00	Officer	$0	$0	$0
RILEY FLANDERS	DIRECTOR	1.00	Officer	$0	$0	$0
HUDSON GRAY	DIRECTOR	1.00	Officer	$0	$0	$0
KEN HESS	DIRECTOR	1.00	Officer	$0	$0	$0
JOSEPH KLOCKER	VICE PRESIDE	1.00	Officer	$0	$0	$0
SHANNA KLOCKER	SECRETARY	1.00	Officer	$0	$0	$0
RAY LANNING	DIRECTOR	1.00	Officer	$0	$0	$0
ANDY WENDROTH	DIRECTOR	1.00	Officer	$0	$0	$0
DAN ZEIGLER	DIRECTOR	1.00	Officer	$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	No data	No data	No data	No data
2023	$193,711	$141,899	$289,891	$51,812
2019	$390,190	$323,313	$282,077	$66,877

KORONIS LAKE ASSOCIATION