QUEENS LAKE COMMUNITY ASSOCIATION INCORPORATED (EIN 540696951) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

DOUG ELLIS

Phone

7572290973

Tax Period

2023-01-01 to 2023-12-31

QUEENS LAKE COMMUNITY ASSOCIATION INCORPORATED, founded in 1952, is a small nonprofit that reported $344K in total revenue in fiscal year 2018. Revenue surged 81% from the prior year, signaling strong growth momentum. Net assets of $1.4M represent 49 months of operating reserves.

Mission

NEIGHBORHOOD ASSOCIATION AND SOCIAL CLUB

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,001

Program Service Revenue $429,936

Investment Income $102,310

Other Revenue $-2,703

TOTAL REVENUE $541,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $102,826

Fundraising Expenses $0

Program Expenses $310,540

Other Expenses $220,046

TOTAL EXPENSES $322,872

Year-over-Year Comparison

	2023	2022	Change
Revenue	$541,544	$395,283	+0.4%
Expenses	$322,872	$450,877	-0.3%
Net Income	$218,672	$-55,594	-4.9%

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

150

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
SEAN ASKEW	FINANCE	5.00	Director	$0	$0	$0
JOHN BLOMMEL	MAINTENANCE	5.00	Director	$0	$0	$0
DOUG ELLIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
MONTY FLECK	MARINA	5.00	Director	$0	$0	$0
SALLY HEWITT	COMMUNICATIO	5.00	Director	$0	$0	$0
CHUCK HRETZ	CLUBHOUSE	5.00	Director	$0	$0	$0
BRUCE KEENER	LAKE	5.00	Director	$0	$0	$0
ADRIAN MCKINNEY	BEAUTIFICATI	5.00	Director	$0	$0	$0
JOHN WALTERS	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
CHERYL BEGLEY	SECRETARY	5.00	Officer	$0	$0	$0
RICHARD QUIRAN	TREASURER	5.00	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	No data	No data	No data	No data
2023	$541,544	$322,872	$1,712,030	$218,672
2022	$395,283	$450,877	$1,501,071	$-55,594
2021	$385,338	$329,088	$1,629,416	$56,250
2020	$451,715	$278,816	$1,612,662	$172,899
2019	$365,247	$277,284	$1,577,140	$87,963
2018	$344,498	$371,784	$1,404,822	$-27,286

QUEENS LAKE COMMUNITY ASSOCIATION INCORPORATED