LAKESIDE RESIDENTIAL COMMUNITY ASS… - 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

2002

Legal Domicile

Principal Officer

CATHERINE SHOOK

Phone

2815041306

Tax Period

2020-01-01 to 2020-12-31

LAKESIDE RESIDENTIAL COMMUNITY ASSOCIATION INC, founded in 2002, is a small nonprofit that reported $388K in total revenue in fiscal year 2020. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $85K, a strong 22% operating margin.

Mission

PRESERVATION AND MAINTENANCE OF THE COMMON PROPERTIES AND PROMOTION OF SOCIAL WELFARE IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $234,553 Revenue: $382,794

PRESERVATION AND MAINTENANCE OF THE COMMON PROPERTIES AND PROMOTION OF SOCIAL WELFARE IN THE COMMUNITY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $282,100

Investment Income $12,906

Other Revenue $92,939

TOTAL REVENUE $387,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $234,553

Other Expenses $302,724

TOTAL EXPENSES $302,724

Year-over-Year Comparison

	2020	2019	Change
Revenue	$387,945	$358,109	+0.1%
Expenses	$302,724	$377,484	-0.2%
Net Income	$85,221	$-19,375	-5.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
JUDY SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM BLACKWELL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY ANN KRAUSE	DIRECTOR	2.00	Officer Director	$0	$0	$0
JACK CHANG	TREASURER	2.00	Officer Director	$0	$0	$0
CATHERINE SHOOK	SECRETARY	2.00	Officer 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
2020	$387,945	$302,724	$1,169,319	$85,221
2019	$358,109	$377,484	$1,092,883	$-19,375
2018	$323,463	$212,663	$1,031,535	$110,800

LAKESIDE RESIDENTIAL COMMUNITY ASSOCIATION INC