LAKE LINGANORE ASSOCIATION

EIN: 520913251 Community Improvement

NEW MARKET, MD

Total Revenue
$9,795,085
Total Expenses
$8,863,734
Total Assets
$14,443,179
Net Assets
$10,347,082
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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
Legal Domicile
MD
Principal Officer
MICHELLE JONES
Phone
3018316400
Tax Period
2024-03-01 to 2025-02-28

LAKE LINGANORE ASSOCIATION, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $8.9M left a modest 10% surplus.

Mission

TO PROMOTE THE HEALTH, SAFETY & WELFARE OF THE RESIDENTS AND ENFORCE ALL COVENANTS AND RESTRICTIONS IN ACCORDANCE WITH GOVERNING DOCUMENTS. IT IS THE MISSION OF THE ASSOCIATION TO IMPLEMENT POLICIES AS SET FORTH BY THE GOVERNING DOCUMENTS AND THE BOARD OF DIRECTORS; TO MAINTAIN COMMUNITY ASSETS; ADDRESS RESIDENT CONCERNS; MANAGE THE FINANCIAL ASSETS OF THE ASSOCIATION; EXECUTE THE YEARLY BUDGET; ENFORCE ASSOCIATION RULES; ADMINISTER COMMUNITY PROGRAMS; AND TO PROVIDE SERVICES TO ENHANCE THE QUALITY OF LIFE IN THE LAKE LINGANORE COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,654,037
Investment Income $141,048
Other Revenue $0
TOTAL REVENUE $9,795,085

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,786,711
Fundraising Expenses $0
Program Expenses $8,863,734
Other Expenses $7,077,023
TOTAL EXPENSES $8,863,734

Year-over-Year Comparison

2024 2023 Change
Revenue $9,795,085 $7,552,373 +0.3%
Expenses $8,863,734 $7,509,298 +0.2%
Net Income $931,351 $43,075 +20.6%
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

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Governance

Voting Members
7
Independent Members
7
Employees
30
Volunteers
35

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
5
$169,019
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK ANDERSON PRESIDENT 1.00
Officer Director
$0 $0 $0
MATTHEW FLEISCHER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT CHARLES TREASURER 1.00
Officer Director
$0 $0 $0
NIKET GUPTA SECRETARY 1.00
Officer Director
$0 $0 $0
STEPHEN EKANGER DIRECTOR 1.00
Director
$0 $0 $0
JANELLE HARWOOD DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH MONTANYE DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE L JONES GENERAL MANAGER 40.00
Officer
$150,208 $18,811 $169,019
WENDELL HAMILTON OPERATIONS MANAGER 40.00
Highest
$108,071 $24,299 $132,370
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 $9,795,085 $8,863,734 $14,443,179 $931,351
2024 $7,552,373 $7,509,298 $13,457,121 $43,075
2023 $7,551,203 $7,049,008 $13,274,279 $502,195
2022 $5,995,596 $5,718,520 $10,199,975 $277,076
2021 $5,585,967 $6,214,488 $8,914,589 $-628,521
2020 $5,398,001 $5,301,639 $8,701,962 $96,362
2019 $5,214,750 $4,748,585 $8,842,717 $466,165
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