SETTLERS LANDING RECREATION ASSOCI… - Form 990 Financial Data

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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

2023

Legal Domicile

Principal Officer

Amanda Nagel

Phone

8042128905

Tax Period

2023-10-01 to 2024-09-30

SETTLERS LANDING RECREATION ASSOCIATION INC, founded in 2023, is a small nonprofit in the Human Services sector that reported $202K in total revenue in fiscal year 2023. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 25% operating margin.

Mission

Seasonal swim club open annually from Memorial Day to Labor Day providing recreational and educational swimming opportunities for members. In addition we have a swim team for youth and occasional social events such as cookouts ice cream socials movies etc held at the organizations premises for all of the neighborhood to participate.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $2,853

Swim Lessons

Program 2

Expenses: $144,854 Revenue: $215,600

Pool Services - inclusive of insurance lifeguard management and pool employee salaries

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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 $173,609

Program Service Revenue $21,588

Investment Income $0

Other Revenue $7,272

TOTAL REVENUE $202,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,437

Fundraising Expenses $0

Program Expenses $144,854

Other Expenses $133,483

TOTAL EXPENSES $150,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$202,469	$110,629	+0.8%
Expenses	$150,920	$108,137	+0.4%
Net Income	$51,549	$2,492	+19.7%

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
Cale Lester	President	5.00	Officer	$0	$0	$0
Bruce Johnson	Vice President	5.00	Officer	$0	$0	$0
Katherine Willoughby	Secretary	5.00	Officer	$0	$0	$0
Amanda Nagel	Treasurer	5.00	Officer	$0	$0	$0
Andriea Ukrop	Membership Director	5.00	Officer	$0	$0	$0
Jarid Gordon	Facilities Director	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	$202,469	$150,920	$51,549	$51,549

SETTLERS LANDING RECREATION ASSOCIATION INC