Lake Ridge Parks and Recreation Association Inc (EIN 540910640) - 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

1972

Legal Domicile

Principal Officer

Ronald Yoho

Phone

7034912154

Tax Period

2024-09-01 to 2025-08-31

Lake Ridge Parks and Recreation Association Inc, founded in 1972, is a community nonprofit that reported $6.8M in total revenue in fiscal year 2019. Revenue decreased 6% compared to the prior year.

Mission

Maintenance of commonly owned property

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,553,963

Program Service Revenue $508,270

Investment Income $531,534

Other Revenue $292,861

TOTAL REVENUE $8,886,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,663,535

Fundraising Expenses $0

Program Expenses $4,828,770

Other Expenses $5,115,327

TOTAL EXPENSES $8,778,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,886,628	$8,397,540	+0.1%
Expenses	$8,778,862	$6,900,831	+0.3%
Net Income	$107,766	$1,496,709	-0.9%

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

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
Michele Basham	Secretary	0.00	Officer	$0	$0	$0
Aaron Sanchez	Treasurer	0.00	Officer	$0	$0	$0
Janet Foote	Vice President	0.00	Officer	$0	$0	$0
Ronald Yoho	President	0.00	Officer	$0	$0	$0
Rashawnda Daniels-Atkinson	Member	0.00	Director	$0	$0	$0
John Maher	Member	0.00	Director	$0	$0	$0
Robert Malinowski	Member	0.00	Director	$0	$0	$0
Vincent Turchiano	Member	0.00	Director	$0	$0	$0
Brodie Freer	Asst Facilities Director	40.00	Highest	$100,452	$5,023	$105,475
Mark Brooks	Facilities Director	40.00	Highest	$135,076	$6,754	$141,830
Bernice Guthrie	General Manager	40.00	Highest	$123,409	$6,170	$129,579

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	$8,886,628	$8,778,862	$14,176,209	$107,766
2024	$8,397,540	$6,900,831	$14,050,558	$1,496,709
2023	$8,150,120	$7,303,837	$12,816,488	$846,283
2022	$8,267,840	$7,797,304	$11,950,528	$470,536
2021	$7,365,440	$6,173,326	$11,873,713	$1,192,114
2020	$6,847,746	$7,012,326	$10,195,891	$-164,580

Lake Ridge Parks and Recreation Association Inc