TWIN LAKES AUXILIARY

EIN: 561825298 501(c)(3) Human Services

Burlington, NC

Total Revenue
$370,916
Total Expenses
$299,771
Total Assets
$467,970
Net Assets
$467,970
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NC
Principal Officer
Pat Bailey
Phone
3365381500
Tax Period
2024-05-01 to 2025-04-30

TWIN LAKES AUXILIARY, founded in 1984, is a small nonprofit in the Human Services sector that reported $371K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 19% operating margin.

Mission

To promote and advance the well-being of the Lutheran Retirement Ministries of Alamance County (EIN 56-1270984 d/b/a Twin Lakes Community) which operates a Continuing Care Retirement Community serving 800 residents and a staff of 430 employees.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $249,413
Program Service Revenue $0
Investment Income $19,451
Other Revenue $102,052
TOTAL REVENUE $370,916

Expense Breakdown

Grants Paid $285,389
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $295,819
Other Expenses $14,382
TOTAL EXPENSES $299,771

Year-over-Year Comparison

2024 2023 Change
Revenue $370,916 $288,090 +0.3%
Expenses $299,771 $237,797 +0.3%
Net Income $71,145 $50,293 +0.4%
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

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Governance

Voting Members
19
Independent Members
19
Employees
N/A
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
4
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pat Bailey President 30
Officer Director
$0 $0 $0
Bonnie Foster Vice President 15
Officer Director
$0 $0 $0
Gale Taylor Treasurer 25
Officer Director
$0 $0 $0
Jean Lapeirre Recording Secretary 6
Officer Director
$0 $0 $0
Marie Haas Corresponding Secretary 3
Director
$0 $0 $0
Barbara Levin Historian 5
Director
$0 $0 $0
Wendy McBride Hospitality Chair 5
Director
$0 $0 $0
Bill Poovey Merchandise Co-Chair 25
Director
$0 $0 $0
Frank Mayo Merchandise Co-Chair 30
Director
$0 $0 $0
Larry Wakeford Project Funding Chair 2
Director
$0 $0 $0
Homer Ashby Scholarship Chair 4
Director
$0 $0 $0
Elizabeth Byars Swan's Nest Chair 15
Director
$0 $0 $0
Jean Pendleton Tree of Life Chair 25
Director
$0 $0 $0
Jay Figueroa Member at Large 3
Director
$0 $0 $0
Ruth Vgelpohl Member at Large 1
Director
$0 $0 $0
Janet Leung Member at Large 1
Director
$0 $0 $0
Jim Parsons Member at Large 1
Director
$0 $0 $0
Judy Francis Immediate Past President 1
Director
$0 $0 $0
Terry Adams Assistant Treasurer 10
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
2025 $370,916 $299,771 $467,970 $71,145
2024 $288,090 $237,797 $388,815 $50,293
2023 $224,133 $154,660 $338,522 $69,473
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