LAKE OWEN 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

2002

Legal Domicile

Principal Officer

AMY S LOUIS

Phone

7157396364

Tax Period

2024-01-01 to 2024-12-31

LAKE OWEN ASSOCIATION INC, founded in 2002, is a small nonprofit in the Environment sector that reported $259K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $155K, a strong 60% operating margin.

Mission

TO PRESERVE AND PROTECT LAKE OWEN.

Program Service Accomplishments

Program 1

Expenses: $81,775 Revenue: $48,801

CONTINUED TO GUARD AGAINST THE THREAT OF AQUATIC INVASIVE SPECIES AND TO ENHANCE THE WATER QUALITY OF THE LAKE BY (1) CONTRACTING WITH PROFESSIONAL SERVICE PROVIDERS TO MANAGE THE CONDUCT OF IN-DEPTH STUDIES OF THE LAKE AND IT'S WATERSHED; (2) HIRING PAID STAFF TO MONITOR BOAT LANDING; AND (3) POWER WASHING BOATS SUSPECTED OF CARRYING INVASICE SPECIES TO PREVENT INTRODUCTION OF SUCH INVASIVES INTO THE LAKE. BENEFITS THE GENERAL PUBLIC, ALL DUES-PAYING MEMBERS OF THE ASSOCIATION, AND ALL NON-DUES PAYING RESIDENTS OF THE LAKE. ALSO INCLUDES PERFORMING REGULAR COMMUNICATIONS WITH MEMBERS REGARDING IMPORTANT LAKE ISSUES VIA ANNUAL MEETINGS, WEBSITE POSTINGS, EMAILS AND POSTAL MAIL. BENEFITS ALL DUES-PAYING MEMBER OF THE ASSOCIATION.

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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 $210,489

Program Service Revenue $0

Investment Income $48,801

Other Revenue $0

TOTAL REVENUE $259,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,698

Fundraising Expenses $0

Program Expenses $81,775

Other Expenses $71,009

TOTAL EXPENSES $104,707

Year-over-Year Comparison

	2024	2023	Change
Revenue	$259,290	$589,459	-0.6%
Expenses	$104,707	$77,941	+0.3%
Net Income	$154,583	$511,518	-0.7%

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

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
STEPHANIE KIRBY	DIRECTOR	0.20	Director	$0	$0	$0
MAC HARRIS	DIRECTOR	0.20	Director	$0	$0	$0
CLINTON HARRIS	DIRECTOR	0.20	Director	$0	$0	$0
ODINN JOHNSON	DIRECTOR	0.20	Director	$0	$0	$0
JERRY KOLLROSS	DIRECTOR	0.20	Director	$0	$0	$0
JODI PFAFF	DIRECTOR	0.20	Director	$0	$0	$0
EDWARD RONKOWSKI	DIRECTOR	0.20	Director	$0	$0	$0
AMY LOUIS	PRESIDENT	2.00	Officer	$0	$0	$0
WILLIAM HANNAFORD	TREASURER	10.00	Officer	$0	$0	$0
JANET SONTAG	SECRETARY	0.30	Officer	$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	$259,290	$104,707	$1,568,527	$154,583
2023	$589,459	$77,941	$1,349,498	$511,518
2022	$216,419	$86,107	$760,132	$130,312
2021	$296,889	$73,939	$674,963	$222,950
2019	$213,989	$132,324	$318,114	$81,665