LAKE MONTICELLO OWNERS 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

1971

Legal Domicile

Principal Officer

LARRY HENSON

Phone

4345898263

Tax Period

2023-01-01 to 2023-12-31

LAKE MONTICELLO OWNERS ASSOCIATION, founded in 1971, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2023. Net assets of $21.7M represent 27 months of operating reserves.

Mission

TO MANAGE AND SERVE THE LAKE MONTICELLO COMMUNITY; INCLUDING PROVIDING SECURITY,RECREATIONAL FACILITIES, ROADS, AND COMMON AREA MAINTENANCE

Program Service Accomplishments

Program 1

Expenses: $4,348,669 Revenue: $6,378,146

PRESERVATION OF COMMON AREAS, PROVIDING MUNICIPAL TYPE SERVICES, AND MANAGEMENT OF THE LAKE MONTICELLO COMMUNITY FOR MORE THAN 4,600 INDIVIDUAL UNITS

Program 2

Expenses: $1,708,406 Revenue: $982,632

PROVIDING FOOD AND BEVERAGE OPERATIONS FOR THE COMMUNITY.

Program 3

Expenses: $1,397,786 Revenue: $1,431,529

MAINTENANCE OF GOLF COURSE FOR THE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,189,872

Investment Income $133,066

Other Revenue $260,377

TOTAL REVENUE $9,583,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,355,401

Fundraising Expenses $0

Program Expenses $7,765,481

Other Expenses $7,016,916

TOTAL EXPENSES $9,372,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,583,315	$9,392,459	+0.0%
Expenses	$9,372,317	$9,540,315	0.0%
Net Income	$210,998	$-147,856	-2.4%

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

100

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

$129,552

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM SCHAUDER	GENERAL MANA	40.00	Officer	$129,552	$0	$129,552
MICHAEL WARNER	FINANCE DIRE	40.00	Highest	$107,141	$0	$107,141
BRADLEY BRAUT	DIRECTOR	4.00	Director	$0	$0	$0
LARRY HENSON	PRESIDENT	4.00	Officer Director	$0	$0	$0
MICHAEL KELLY	TREASURER	4.00	Officer Director	$0	$0	$0
DON POLONIS	DIRECTOR	4.00	Director	$0	$0	$0
GARY SELLICK	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
JEFF SPINELLO	DIRECTOR	4.00	Director	$0	$0	$0
JOHN WILLIAMSON	SECRETARY	4.00	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	No data	No data	No data	No data
2023	$9,583,315	$9,372,317	$28,112,159	$210,998
2022	$9,392,459	$9,540,315	$27,282,606	$-147,856
2021	$9,680,580	$9,660,998	$27,325,227	$19,582
2020	$8,070,750	$7,483,671	$29,469,469	$587,079
2019	$7,954,844	$7,720,657	$28,106,238	$234,187
2018	$7,604,974	$7,870,622	$27,734,458	$-265,648