LAKE CAROLINE POAINC

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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

1996

Legal Domicile

Principal Officer

DAVID FLIPPO

Phone

8044483400

Tax Period

2024-04-01 to 2025-03-31

LAKE CAROLINE POAINC, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.3M left a modest 13% surplus.

Mission

TO PROVIDE MANAGEMENT, MAINTENANCE, PRESERVATION, AND ARCHITECTURAL CONTROL WITHIN THE LAKE CAROLINE SUBDIVISION.

Program Service Accomplishments

Program 1

TO PROVIDE MANAGEMENT, MAINTENANCE, PRESERVATION, AND ARCHITECTURAL CONTROL FOR THE AREA WITHIN THE 1,400 ARCES OF THE LAKE CAROLINE SUBDIVISION.

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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 $2,567,011

Investment Income $55,654

Other Revenue $0

TOTAL REVENUE $2,622,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $962,794

Fundraising Expenses $0

Other Expenses $1,312,798

TOTAL EXPENSES $2,275,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,622,665	$2,499,840	+0.0%
Expenses	$2,275,592	$2,214,322	+0.0%
Net Income	$347,073	$285,518	+0.2%

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

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
LEN BLASIOL	DIRECTOR	1.00	Director	$0	$0	$0
VICKI ROSS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FLIPPO	PRESIDENT	5.00	Officer Director	$0	$0	$0
JASON FOREMAN	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
MARY WEINGARD	SECRETARY	5.00	Officer Director	$0	$0	$0
CARI CLARK	DIRECTOR	1.00	Director	$0	$0	$0
ANNE TYREE	TREASURER	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
2025	$2,622,665	$2,275,592	$10,201,035	$347,073
2024	$2,499,840	$2,214,322	$9,761,282	$285,518
2023	$2,549,578	$2,039,206	$9,486,044	$510,372
2022	$2,344,234	$1,899,877	$8,889,702	$444,357
2021	$2,789,642	$2,025,981	$3,024,868	$763,661
2020	$2,010,132	$2,066,643	$2,161,206	$-56,511