LAKE VETERANS CLUB INC (EIN 463699575) - 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

2013

Principal Officer

MICHAEL J SOBKOWSKI

Phone

3523431056

Tax Period

2024-01-01 to 2024-12-31

LAKE VETERANS CLUB INC, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $167K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

VETERANS ASSISTANCE.

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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 $44,556

Program Service Revenue $0

Investment Income $0

Other Revenue $122,020

TOTAL REVENUE $166,576

Expense Breakdown

Grants Paid $2,921

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $159,499

TOTAL EXPENSES $162,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$166,576	$146,593	+0.1%
Expenses	$162,420	$193,793	-0.2%
Net Income	$4,156	$-47,200	-1.1%

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

N/A

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

$37,900

Total Directors

$37,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J SOBKOWSKI	PRESIDENT/CO	20.00	Officer Director	$0	$20,900	$20,900
TERRY DAWSON	TREASURER	20.00	Officer Director	$17,000	$0	$17,000
WILLIAM ALDERSON	SENIOR V.P.	N/A	Officer Director	$0	$0	$0
MICHAEL DUCHAC	CHAPLAIN	N/A	Officer 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	$166,576	$162,420	$81,522	$4,156
2023	$146,593	$193,793	$75,870	$-47,200
2022	$193,052	$153,720	$117,752	$39,332
2021	$56,772	$93,019	$78,225	$-36,247
2020	$41,517	$105,975	$77,582	$-64,458
2019	$120,479	$155,658	$146,755	$-35,179
2018	$169,194	$179,042	$177,212	$-9,848

LAKE VETERANS CLUB INC