LAKE PANORAMA ASSOCIATION (EIN 426139366) - 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

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

TO CONTROL THE DEVELOPMENT, USE, AND MAINTANANCE OF ALL LAKE PANORAMA RESIDENTIAL, RECREATIONAL, AND COMMON SERVICE AREAS.

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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 $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

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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

$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

LAKE PANORAMA ASSOCIATION