LAKES AT NORTHPOINTE HOMEOWNERS ASSOCIATION INC (EIN 470955024) - 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

2005

Legal Domicile

Principal Officer

Chas Blair

Phone

2813439178

Tax Period

2024-01-01 to 2024-12-31

LAKES AT NORTHPOINTE HOMEOWNERS ASSOCIATION INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $909K in total revenue in fiscal year 2024.

Mission

CIVIC AND SOCIAL WELFARE ORGANIZATION - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND COMMUNITY THROUGH THE FOLLOWING OBJECTIVES

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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 $898,663

Investment Income $10,182

Other Revenue $0

TOTAL REVENUE $908,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $950,686

Other Expenses $962,363

TOTAL EXPENSES $962,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$908,845	$887,005	+0.0%
Expenses	$962,363	$1,113,505	-0.1%
Net Income	$-53,518	$-226,500	-0.8%

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
Tara Beulah	Secretary	5.00	Officer Director	$0	$0	$0
Chas Blair	Treasurer	5.00	Officer Director	$0	$0	$0
Darshit Chokshi	President	5.00	Officer Director	$0	$0	$0
David Quinn	Vice President	5.00	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	$908,845	$962,363	$1,661,832	$-53,518
2023	$764,064	$953,118	$1,527,973	$-189,054
2022	$887,133	$686,988	$1,736,402	$200,145
2022	$873,996	$670,968	$1,738,729	$203,028
2021	$895,216	$857,232	$1,554,820	$37,984
2020	$921,989	$660,411	$1,485,883	$261,578
2019	$908,402	$899,278	$1,257,347	$9,124
2018	$783,673	$637,268	$1,187,619	$146,405

LAKES AT NORTHPOINTE HOMEOWNERS ASSOCIATION INC