LAKE FLOYD CLUB INC

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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

1993

Legal Domicile

Principal Officer

AMY GAY

Phone

3046418638

Tax Period

2023-01-01 to 2023-12-31

LAKE FLOYD CLUB INC, founded in 1993, is a small nonprofit that reported $193K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Net assets of $703K represent 44 months of operating reserves.

Mission

TO PROVIDE RECREATIONAL AND ATHLETIC FACILITIES ALONG WITH SOCIAL FUNCTIONS FOR THE SURROUNDING COMMUNITY.

Program Service Accomplishments

Program 1

PROVIDED RECREATIONAL AND ATHLETIC FACILITIES ALONG WITH SOCIAL FUNCTIONS FOR THE PROPERTY OWNERS SURROUNDING THE LAKE AND DAM AREA, REPAIRS AND MAINTENANCE RELATED TO THE LAKE'S DAM WHICH AIDS IN...

PROVIDED RECREATIONAL AND ATHLETIC FACILITIES ALONG WITH SOCIAL FUNCTIONS FOR THE PROPERTY OWNERS SURROUNDING THE LAKE AND DAM AREA, REPAIRS AND MAINTENANCE RELATED TO THE LAKE'S DAM WHICH AIDS IN THE PREVENTION OF FLOODING OF THE RURAL COMMUNITIES OF MARSHVILLE AND SARDIS AND UPKEEP TO THE LAND SURROUNDING THE LAKE, WHICH IS A GAME REFUGE AND RESERVE PROTECTED BY THE WEST VIRGINIA CONSERVATION COMMISSION.

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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 $174,294

Program Service Revenue $0

Investment Income $14

Other Revenue $18,515

TOTAL REVENUE $192,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,438

Fundraising Expenses $0

Other Expenses $142,894

TOTAL EXPENSES $204,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,823	$148,812	+0.3%
Expenses	$204,332	$206,630	0.0%
Net Income	$-11,509	$-57,818	-0.8%

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
BILL KAPPHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROGER SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID POWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON HAYNES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARYKAY PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON BRAGG	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD HICKMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY GORE GRAY	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET WARNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLEN FERREE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LILLY	VICE PRESIDENT	1.00	Officer	$0	$0	$0
AMY GAY	PRESIDENT	1.00	Officer	$0	$0	$0
EMMA PATTERSON	SECRETARY	1.00	Officer	$0	$0	$0
BRAD SHINGLETON	TREASURER	1.00	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	No data	No data	No data	No data
2023	$192,823	$204,332	$705,547	$-11,509
2022	$148,812	$206,630	$715,613	$-57,818
2021	$150,957	$179,840	$773,967	$-28,883
2020	$140,590	$250,296	$804,032	$-109,706
2019	$135,322	$158,719	$912,121	$-23,397
2018	$202,034	$144,722	$934,925	$57,312