LAKE LANIER OLYMPIC PARK FOUNDATION

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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

1994

Legal Domicile

Principal Officer

MARK BELL

Phone

7705406307

Tax Period

2024-07-01 to 2025-06-30

LAKE LANIER OLYMPIC PARK FOUNDATION, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $255K in total revenue in fiscal year 2024. Revenue surged 1021% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 36% operating margin.

Mission

TO PROVIDE ASSISTANCE TO THE CITY IN THE SUCCESSFUL OPERATION OF LAKE LANIER OLYMPIC PARK, PRIMARILY THROUGH FUNDRAISING EFFORTS FOR CAPITAL IMPROVEMENTS AT THE PARK.

Program Service Accomplishments

Program 1

Expenses: $145,155

THE FOUNDATION WAS PREVIOUSLY RESPONSIBLE FOR RENOVATIONS TO THE LAKE LANIER OLYMPIC PARK AND MAINTAINING THE PHYSICAL UPKEEP OF THE VENUE PROPERTY AND FACILITIES, INCLUDING ALL BUILDINGS AND GROUNDS CONTAINED IN THE PARK UNTIL THE GPRB TOOK OVER IN JULY 2019. DURING THE YEAR ENDED JUNE 30, 2020, THE FOUNDATION INSTALLED STREET LIGHTS AND COMPLETED ONE MAJOR PROJECT TO IMPROVE THE PARK - AN OLYMPIC RING PLAZA - WHICH PROMINENTLY FEATURES AN OLYMPIC RINGS SCULPTURE IN FRONT OF THE TIMING TOWER. THE SCULPTURE WAS CRAFTED FROM STRUCTURAL STEEL ORIGINALLY USED IN THE SUPPORT BEAMS OF FLOATING GRANDSTANDS ERECTED FOR THE 1996 OLYMPICS. THE LAKE LANIER OLYMPIC PARK CONTINUES TO HOST LOCAL, NATIONAL AND INTERNATIONAL ROWING, SPRINT KAYAK AND CANOE EVENTS, AS WELL AS DRAGON BOAT RACES AND CHAMPIONSHIPS. THE FOUNDATION SUPPORTS THESE COMPETITIVE EVENTS AS WELL AS COMMUNITY EVENTS HELD AT THE VENUE, TYPICALLY BY PROVIDING VOLUNTEERS.

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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 $250,735

Program Service Revenue $0

Investment Income $3,878

Other Revenue $0

TOTAL REVENUE $254,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,155

Other Expenses $162,761

TOTAL EXPENSES $162,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,613	$22,709	+10.2%
Expenses	$162,761	$139,194	+0.2%
Net Income	$91,852	$-116,485	-1.8%

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

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
DAVID BARNETT	DIRECTOR	1.00	Director	$0	$0	$0
MARK BELL	TREASURER	1.00	Officer Director	$0	$0	$0
MIMI COLLINS	CHAIR	1.00	Officer Director	$0	$0	$0
STANTON COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
DANNY DUNAGAN	DIRECTOR	1.00	Director	$0	$0	$0
JULIA GREENE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HAYNES	DIRECTOR	1.00	Director	$0	$0	$0
ANNA HESTER	DIRECTOR	1.00	Director	$0	$0	$0
ROBYN LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
KIM MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
MATT MILLARD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ROCHESTER	DIRECTOR	1.00	Director	$0	$0	$0
DOUG SMITH	DIRECTOR	1.00	Director	$0	$0	$0
PHIL SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
DIXIE TRUELOVE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CLIFF WARD	DIRECTOR	1.00	Director	$0	$0	$0
THARPE WARD	DIRECTOR	1.00	Director	$0	$0	$0
LILA WESTMORELAND	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIN WILLIAMSON	DIRECTOR	1.00	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
2025	$254,613	$162,761	$553,084	$91,852
2024	$22,709	$139,194	$461,106	$-116,485
2023	$47,276	$678,273	$577,094	$-630,997
2022	$928,730	$119,204	$1,206,153	$809,526
2021	$5,136	$77,497	$411,397	$-72,361
2020	$-1,430	$81,698	$471,277	$-83,128