SPRINGLAKE CIVIC ASSOCIATION INC C/O WILLIAM HENNESSY (EIN 581799245) - 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

1987

Legal Domicile

Principal Officer

NICHOLAS PREACHER

Phone

7708261633

Tax Period

2024-01-01 to 2024-12-31

SPRINGLAKE CIVIC ASSOCIATION INC C/O WILLIAM HENNESSY, founded in 1987, is a small nonprofit that reported $116K in total revenue in fiscal year 2024. The organization ran a surplus of $22K, a strong 19% operating margin.

Mission

90% NEIGHBORHOOD IMPROVEMENT - SINCE INCEPTION THE ORGANIZATION HAS LIAISED WITH ELECTED OFFICIALS, GOVERNMENT EMPLOYEES, POLICE OFFICERS, FIREFIGHTERS AND OTHER NEIGHBORHOOD ORGANIZATIONS TO IMPROVE QUALITY OF LIFE FOR RESIDENTS OF THE SPRINGLAKE NEIGHBORHOOD. THIS INCLUDES PETITIONING FOR AND PROCURING TRAFFIC SIGNALS, SIDEWALKS, POLICE OFFICER PATROLLING, FIRE DEPARTMENT RESPONSE TIMES, ENSURING OF TIMELY TRASH COLLECTION, AND OTHER MISCELLANEOUS ITEMS. COLLECTED FUNDS SOMETIMES GO TOWARDS LANDSCAPING AND PARK CLEANUP. 10% SOCIAL ACTIVITIES - SINCE INCEPTION THE ORGANIZATION HAS HOSTED SOCIAL EVENTS FOR NEIGHBORHOOD RESIDENTS TO PROMOTE INTERACTION AND FUN. THESE INCLUDE BARBECUE COOKOUTS, FALL FESTIVALS, ETC.

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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 $116,075

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $116,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $94,135

TOTAL EXPENSES $94,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$116,075	$115,870	+0.0%
Expenses	$94,135	$104,947	-0.1%
Net Income	$21,940	$10,923	+1.0%

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
WILLIAM HENNESSY	CFO	N/A	Officer	$0	$0	$0
ANN NAGLE	OFFICER	N/A	Officer	$0	$0	$0
NICHOLAS PREACHER	CEO	N/A	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	$116,075	$94,135	$181,815	$21,940
2023	$115,870	$104,947	$159,875	$10,923
2022	$127,699	$92,637	$148,952	$35,062

SPRINGLAKE CIVIC ASSOCIATION INC C/O WILLIAM HENNESSY