LAKEWOOD VILLAGE ASSOCIATION INC

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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

1966

Legal Domicile

Principal Officer

DONNY PUCKET

Phone

5152871804

Tax Period

2024-11-01 to 2025-10-31

LAKEWOOD VILLAGE ASSOCIATION INC, founded in 1966, is a small nonprofit that reported $250K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF THE RESIDENTS IN THE LAKEWOOD HOUSING DEVELOPMENT IN WARREN COUNTY, IOWA

Program Service Accomplishments

Program 1

Expenses: $165,018

TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF THE RESIDENTS IN THE LAKEWOOD HOUSING DEVELOPMENT IN WARREN COUNTY, IOWA

Program 2

Expenses: $24,658 Revenue: $30,145

LVA RENTS MARINA SLIPS AND COMMON AREA SHELTERS TO LAKEWOOD VILLAGE RESIDENTS.

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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 $209,761

Program Service Revenue $30,145

Investment Income $10,099

Other Revenue $0

TOTAL REVENUE $250,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,037

Fundraising Expenses $0

Program Expenses $189,676

Other Expenses $178,933

TOTAL EXPENSES $274,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,005	$216,512	+0.2%
Expenses	$274,970	$274,435	+0.0%
Net Income	$-24,965	$-57,923	-0.6%

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
DONNY PUCKET	PRESIDENT	1.00	Officer Director	$0	$0	$0
TYLER MEUSBURGER	TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER LONNEVIK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GILLOTTI	DIRECTOR	1.00	Director	$0	$0	$0
NICK FRASHER	SECRETARY	1.00	Officer Director	$0	$0	$0
RYAN DORR	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE HOWE	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE HAVARD	VICE PRESIDENT	1.00	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	$250,005	$274,970	$477,259	$-24,965
2024	$216,512	$274,435	$502,636	$-57,923
2023	$239,004	$226,687	$560,760	$12,317
2022	$202,748	$239,144	$543,308	$-36,396
2021	$181,581	$210,209	$579,743	$-28,628
2020	$168,523	$237,123	$606,950	$-68,600
2019	$189,363	$199,648	$677,083	$-10,285
2018	$224,298	$173,182	$690,669	$51,116