BOONE LAKE ASSOCIATION (EIN 581574607) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

FRANK HAHNE

Phone

4233605057

Tax Period

2024-01-01 to 2024-12-31

BOONE LAKE ASSOCIATION, founded in 1983, is a small nonprofit that reported $218K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $246K exceeded revenue, resulting in a 13% operating deficit.

Mission

MAINTAIN WATER QUALITY OF BOONE LAKE

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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 (2024)

Revenue Breakdown

Contributions & Grants $204,926

Program Service Revenue $4,000

Investment Income $8,776

Other Revenue $0

TOTAL REVENUE $217,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,337

Fundraising Expenses $0

Program Expenses $239,990

Other Expenses $145,712

TOTAL EXPENSES $246,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,702	$192,328	+0.1%
Expenses	$246,049	$191,627	+0.3%
Net Income	$-28,347	$701	-41.4%

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

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
FRANK HAHNE	PRESIDENT	20.00	Officer Director	$0	$0	$0
ANN LARSON	SECRETARY	7.00	Officer Director	$0	$0	$0
JERRY FRANK	BOARD MEMBER	5.00	Director	$0	$0	$0
GARY PARKER	BOARD MEMBER	7.00	Director	$0	$0	$0
JIM SLAIGHT	CHIEF FINANCIAL OFFICER	7.00	Officer Director	$0	$0	$0
LAURIE SPRING	BOARD MEMBER	5.00	Director	$0	$0	$0
JANICE SIZEMORE	BOARD MEMBER	5.00	Director	$0	$0	$0
KAREN STIGALL	BOARD MEMBER	5.00	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
2024	$217,702	$246,049	$374,846	$-28,347
2023	$192,328	$191,627	$370,834	$701
2022	$190,840	$152,491	$358,476	$38,349
2021	$112,084	$102,425	$325,327	$9,659
2020	$273,310	$99,054	$314,849	$174,256

BOONE LAKE ASSOCIATION