LAKE PANORAMA ASSOCIATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

DAVE FINNESETH

Phone

6417552301

Tax Period

2024-01-01 to 2024-12-31

LAKE PANORAMA ASSOCIATION, founded in 1968, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2024.

Mission

THE PURPOSE OF THE LAKE PANORAMA ASSOCIATION SHALL BE:1. TO PROVIDE A MEANS WHEREBY THE STREETS AND THOSE AREAS WITHIN THE PROJECT DESIGNATED AS PARKS OR PEDESTRIAN EASEMENTS ON THE PLATS THEREOF AND SUCH OTHER RECREATIONAL FACILITIES (SEE SCH O.)WITHIN THE PROJECT AS MAY BE CONVEYED TO THE ASSOCIATION MAY BE OPERATED, MAINTAINED, REPAIRED, AND REPLACED.2. TO PROVIDE A MEANS FOR THE PROMULGATION AND ENFORCEMENT OF ALL REGULATIONS NECESSARY TO THE GOVERNING OF THE USE AND ENJOYMENT OF SUCH STREETS, PARKS, PEDESTRIAN EASEMENTS, AND SUCH OTHER RECREATIONAL FACILITIES WITHIN THE PROJECT AS MAY BE CONVEYED TO THE ASSOCIATION.3. TO WORK WITH GOVERNMENT AGENCIES TO PROMOTE EFFICIENT FIRE PROTECTION, POLICE PROTECTION, UTILITY REGULATION, POLLUTION CONTROL AND WATER CONSERVATION.4. TO PROVIDE FOR THE ACQUISITION AND MANAGEMENT OF REAL ESTATE AND PERSONAL PROPERTY FOR THE MUTUAL BENEFIT OF THE MEMBERS OF THE LAKE PANORAMA SUBDIVISION.

Program Service Accomplishments

Program 1

Expenses: $1,997,641 Revenue: $1,327,613

OVERSEE AND ADMINISTER THE OPERATIONS OF THE LAKE PANORAMA NATIONAL RESORT AND CONFERENCE CENTER. THE LAKE PANORAMA NATIONAL RESORT INCLUDES A 18 HOLE GOLF COURSE, FULL SERVICE RESTAURANT, BANQUET...

OVERSEE AND ADMINISTER THE OPERATIONS OF THE LAKE PANORAMA NATIONAL RESORT AND CONFERENCE CENTER. THE LAKE PANORAMA NATIONAL RESORT INCLUDES A 18 HOLE GOLF COURSE, FULL SERVICE RESTAURANT, BANQUET AND MEETING ROOM FACILITIES, PRO SHOP AND LODGING.

Program 2

Expenses: $1,293,586 Revenue: $46,250

OVERSEE THE CARE OF THE STREETS, ROADWAYS, GROUNDS, BEACHES AND BUILDINGS AND EQUIPMENT OWNED BY THE ASSOCIATION. THE 6,000 ACRE DEVELOPMENT INCLUDES OVER 43 MILES OF STREETS AND 3 BEACHES.

Program 3

Expenses: $1,514,314 Revenue: $927,288

WATER - SUPPLY MEMBERS WITH QUALITY WATER SERVICE. OVERSEE THE DAY TO DAY OPERATIONS OF THE WATER PURIFICATION PLANTS, WELLS, AND WATER MAINS WHICH SUPPLY WATER TO THE ASSOCIATION MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,999,879

Investment Income $75,081

Other Revenue $841,542

TOTAL REVENUE $6,916,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,714,327

Fundraising Expenses $0

Program Expenses $5,972,531

Other Expenses $4,391,941

TOTAL EXPENSES $7,106,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,916,502	$6,714,134	+0.0%
Expenses	$7,106,268	$6,770,276	+0.0%
Net Income	$-189,766	$-56,142	+2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$532,334

Total Directors

$10,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIRK WESTERCAMP	DIRECTOR	0.80	Director	$1,400	$0	$1,400
DAVID FINNESETH	PRESIDENT	0.80	Officer Director	$2,800	$0	$2,800
SUSAN THOMPSON	VICE PRESIDENT	2.00	Officer Director	$1,600	$0	$1,600
RACHEL WALDO	DIRECTOR	0.80	Director	$800	$0	$800
JACKSON WHITON	DIRECTOR	0.80	Director	$800	$0	$800
DENNIS FLANERY	TREASURER	0.80	Officer Director	$1,300	$0	$1,300
MARK JORGENSEN	SECRETARY	0.80	Officer Director	$1,600	$0	$1,600
JOHN RUTLEDGE	GENERAL MANAGER - LPA	40.00	Officer	$197,275	$29,729	$227,004
DANNA KRAMBEER	LPA-CONTROLLER	40.00	Officer	$95,630	$16,204	$111,834
ROYCE SHAFFER	GENERAL MANAGER-LPN	40.00	Officer	$85,820	$15,389	$101,209
SANDY LOWE	LPN-CONTROLLER	40.00	Officer	$60,215	$24,772	$84,987

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	$6,916,502	$7,106,268	$17,791,208	$-189,766
2023	$6,714,134	$6,770,276	$18,010,878	$-56,142
2022	$6,335,406	$6,508,201	$18,153,878	$-172,795
2021	$6,436,840	$5,776,267	$17,811,601	$660,573