SUMMERWOOD LAKE ASSOCIATION

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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

2000

Legal Domicile

Principal Officer

RUSSELL BAYER

Phone

4027300638

Tax Period

2025-01-01 to 2025-12-31

SUMMERWOOD LAKE ASSOCIATION, founded in 2000, is a micro nonprofit that reported $49K in total revenue in fiscal year 2025. The organization ran a surplus of $19K, a strong 39% operating margin.

Mission

HOMEOWNER'S ASSOCIATION CHARGED WITH THE GENERAL MAINTENANCE OF COMMON GROUNDS SURROUNDING PRIVATE LAKE PROPERTY.

Program Service Accomplishments

Program 1

HOMEOWNER'S ASSOCIATION CHARGED WITH THE GENERAL MAINTENANCE OF COMMON GROUNDS SURROUNDING PRIVATE LAKE PROPERTY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $46,800

Investment Income $2,006

Other Revenue $151

TOTAL REVENUE $48,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $30,108

TOTAL EXPENSES $30,108

Year-over-Year Comparison

	2025	2024	Change
Revenue	$48,957	$48,455	+0.0%
Expenses	$30,108	$30,531	0.0%
Net Income	$18,849	$17,924	+0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIP ANDERSON	1ST VICE-PRE	1.00	Officer Director	$0	$0	$0
RUSSELL BAYER	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
LEROY GERRARD	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS JARECKE	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA KIANI	DIRECTOR	1.00	Director	$0	$0	$0
VIC LEE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES LUETHJE	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD MARTINSEN	2ND VICE-PRE	1.00	Officer Director	$0	$0	$0
DAN PLEASANT	DIRECTOR	1.00	Director	$0	$0	$0
DOUG STERUP	DIRECTOR	1.00	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
2025	$48,957	$30,108	$83,981	$18,849
2024	$48,455	$30,531	$65,132	$17,924
2023	$40,152	$51,197	$47,208	$-11,045
2022	$39,369	$25,791	$58,253	$13,578
2021	$242,506	$279,415	$44,675	$-36,909