MIDLOTHIAN, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAKE SALISBURY ASSOCIATION, founded in 1980, is a small nonprofit that reported $114K in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $43K, a strong 38% operating margin.
LAKE SALISBURY ASSOCIATION'S PRIMARY FUNCTION IS TO ADMINISTER RECREATIONAL PROGRAMS AND MAINTAIN THE LAKE FOR THE RECREATIONAL ENJOYMENT OF ITS MEMBERS. RECREATION ACTIVITIES INCLUDE, SWIMMING, BOATING, (NON GAS), FISHING (WITH PROPER LICENSE), ICE SKATING, SUNBATHING ON BEACH AND PICNICS UNDER THE PAVILION. MEMBERSHIP IS OPEN TO ALL RESIDENTS OF THE SALISBURY, GLAMORGAN AND KINGS LYNN SUBDIVISIONS. THE ASSOCIATION IS RESPONSIBLE FOR MAINTAINING ALL EASEMENTS AND ENTRANCES WITH RESPECT TO PLANTINGS,IRRIGATION AND GENERAL MAINTENANCE OF SIGNS AND OTHER IMPROVEMENTS IN OR ABOUT LAKE SALISBURY; AND TO OWN, MAINTAIN AND SUPERVISE THE USE OF THE LAKE, DAM, SPILLWAYS AND RELATED IMPROVEMENTS, AND WATER QUALITY.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $165,589 | $169,220 | 0.0% |
| Expenses | $137,462 | $131,173 | +0.0% |
| Net Income | $28,127 | $38,047 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KENNTH CARATELLI | PRESIDENT | 8.00 |
Officer
|
$0 | $0 | $0 |
| PATRICK BUSCH | VICE PRESIDE | 8.00 |
Officer
|
$0 | $0 | $0 |
| WICKLIFFE S LYNE | VP/TREASURER | 8.00 |
Officer
|
$0 | $0 | $0 |
| MELISSA R TANNERY | SECRETARY | 3.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $165,589 | $137,462 | $799,889 | $28,127 |
| 2024 | $169,220 | $131,173 | $771,762 | $38,047 |
| 2023 | $173,949 | $112,080 | $733,715 | $61,869 |
| 2022 | $121,577 | $118,918 | $671,870 | $2,659 |
| 2021 | $179,722 | $111,173 | $669,076 | $68,549 |
| 2020 | $114,442 | $71,009 | $600,600 | $43,433 |
Compare LAKE SALISBURY ASSOCIATION with other nonprofits in Virginia and across the country.