LAKE SHORE HARBOUR COMMUNITY ASSOCIATION INC (EIN 432044803) - 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

2002

Legal Domicile

Principal Officer

Richard Watts

Phone

7137281126

Tax Period

2024-01-01 to 2024-12-31

LAKE SHORE HARBOUR COMMUNITY ASSOCIATION INC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

TO ENHANCE THE ENVIRONMENT AND AESTHETICS OF THE COMMUNITY BY MAINTAINING ALL PUBLIC AREAS. TO PROVIDE RECREATIONAL FACILITIES TO COMMUNITY MEMBERS, AND TO PROMOTE SECURITY AND SAFETY MEASURES IN THE COMMUITY.

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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 $1,128,434

Investment Income $14,945

Other Revenue $0

TOTAL REVENUE $1,143,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,121,228

Other Expenses $1,216,579

TOTAL EXPENSES $1,216,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,143,379	$1,103,713	+0.0%
Expenses	$1,216,579	$997,716	+0.2%
Net Income	$-73,200	$105,997	-1.7%

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
Richard Watts	President	2.00	Director	$0	$0	$0
Verne Dipasca	Vice President	2.00	Director	$0	$0	$0
Jignesh Bhakta	Treasurer	2.00	Director	$0	$0	$0
Clarence Brownlow	Secretary	2.00	Director	$0	$0	$0
Frank Nunez	DIRECTOR	2.00	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	$1,143,379	$1,216,579	$1,775,051	$-73,200
2023	$1,103,713	$997,716	$1,667,033	$105,997
2022	$1,062,227	$888,721	$1,688,767	$173,506
2021	$978,269	$675,790	$1,571,664	$302,479
2020	$927,172	$771,895	$1,346,967	$155,277
2019	$907,522	$962,705	$1,095,434	$-55,183

LAKE SHORE HARBOUR COMMUNITY ASSOCIATION INC