HENDERSONVILLE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAKE SUMMIT FOUNDATION INC, founded in 2008, is a small nonprofit that reported $172K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $68K, a strong 40% operating margin.
CONTRIBUTIONS FOR EDUCATION AND CONSERVATION AND SUPPORT THE ADMINISTRATION AND OPERATION OF A PUBLIC PARK.
TO PROMOTE AND SUPPORT THE PRESERVATION AND CONSERVATION OF NATURAL RESOURCES, WILDLIFE, AND AREAS OF NATURAL BEAUTY, PARTICULARLY IN THE REGION OF LAKE SUMMIT, NORTH CAROLINA AND THE ADMINISTRATION...
TO PROMOTE AND SUPPORT THE PRESERVATION AND CONSERVATION OF NATURAL RESOURCES, WILDLIFE, AND AREAS OF NATURAL BEAUTY, PARTICULARLY IN THE REGION OF LAKE SUMMIT, NORTH CAROLINA AND THE ADMINISTRATION AND OPERATION OF A PUBLIC PARK, BEACH, AND PARKING AREA SERVING LAKE SUMMIT, NORTH CAROLINA AND RESIDENTS OF THE GREEN RIVER FIRE DISTRICT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $172,160 | $351,179 | -0.5% |
| Expenses | $103,992 | $89,301 | +0.2% |
| Net Income | $68,168 | $261,878 | -0.7% |
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 |
|---|---|---|---|---|---|---|
| DIANE TRIPLITT | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOYCE BIDDIX | SECRETARY | 3.00 |
Officer
Director
|
$24,765 | $0 | $24,765 |
| TED GAGE | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANK D BELL JR | LIFETIME MEM | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE MILLER-GRANT | LIFETIME MEM | 1.00 |
Director
|
$0 | $0 | $0 |
| WALTER MONTGOMERY JR | LIFETIME MEM | 1.00 |
Director
|
$0 | $0 | $0 |
| LEE ARNETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAM BOYD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LILLIAN LILLY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STANFORD MCMILLAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOY OATES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIM O'NEALL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $172,160 | $103,992 | $2,160,950 | $68,168 |
| 2022 | $351,179 | $89,301 | $2,029,291 | $261,878 |
| 2021 | $957,445 | $80,932 | $1,873,874 | $876,513 |
| 2020 | $127,073 | $106,119 | $919,706 | $20,954 |
| 2019 | $96,420 | $555,261 | $550,116 | $-458,841 |
| 2018 | $59,670 | $67,573 | $939,226 | $-7,903 |
Compare LAKE SUMMIT FOUNDATION INC with other nonprofits in North Carolina and across the country.