LAKE HOPATCONG FOUNDATION (EIN 454894683) - 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

2012

Legal Domicile

Principal Officer

MARTIN KANE

Phone

9736632500

Tax Period

2023-01-01 to 2023-12-31

LAKE HOPATCONG FOUNDATION, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $700K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $674K left a modest 4% surplus.

Mission

FOCUSING ON ENHANCING THE LAKE HOPATCONG ENVIRONMENT AND EXPERIENCE, WITH EFFORTS THAT INCLUDE WATER QUALITY, PUBLIC SAFETY, LAKE EDUCATION, COMMUNITY COHESIVENESS, HISTORICAL PRESERVATION, ENVIRONMENTAL PROTECTION, PUBLIC INFORMATION, AND ARTS AND CULTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $587,395

Program Service Revenue $105,696

Investment Income $6,733

Other Revenue $0

TOTAL REVENUE $699,824

Expense Breakdown

Grants Paid $0

Salaries & Benefits $379,863

Fundraising Expenses $98,728

Program Expenses $451,783

Other Expenses $293,984

TOTAL EXPENSES $673,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$699,824	$818,317	-0.1%
Expenses	$673,847	$588,757	+0.1%
Net Income	$25,977	$229,560	-0.9%

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

657

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

$91,236

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS D FLINN	TRUSTEE	2.00	Director	$0	$0	$0
MARTIN KANE	CHAIRMAN & TRUSTEE	15.00	Officer Director	$0	$0	$0
BEN TERNER	TRUSTEE	2.00	Director	$0	$0	$0
GARY WHITMAN	TRUSTEE	2.00	Director	$0	$0	$0
KATHI JONES	TREASURER & TRUSTEE	2.00	Officer Director	$0	$0	$0
ROBERT HAMBURGER	VICE CHAIRMAN & TRUSTEE	2.00	Officer Director	$0	$0	$0
LINDA KARPIAK	TRUSTEE	2.00	Director	$0	$0	$0
JAMES LEFFLER	TRUSTEE	2.00	Director	$0	$0	$0
BELA SZIGETHY	TRUSTEE EMERITUS	2.00	Director	$0	$0	$0
KERRY KIRK PFLUGH	TRUSTEE	2.00	Director	$0	$0	$0
LEON J MOREAU IV	TRUSTEE	2.00	Director	$0	$0	$0
KYLE RICHTER	EXECUTIVE DIRECTOR	40.00	Officer	$80,988	$10,248	$91,236

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	$699,824	$673,847	$2,777,669	$25,977
2022	$818,317	$588,757	$2,769,353	$229,560
2021	$676,963	$524,214	$2,545,308	$152,749
2020	$527,187	$613,005	$2,344,780	$-85,818
2019	$584,859	$555,609	$2,451,384	$29,250
2018	$870,585	$432,841	$2,578,389	$437,744

LAKE HOPATCONG FOUNDATION