LAKE PLACID ATHLETIC ASSOCIATION INC

EIN: 593597177 501(c)(3) Philanthropy & Grantmaking

LAKE PLACID, FL

Total Revenue
$15,171
Total Expenses
$23,144
Total Assets
$32,723
Net Assets
$32,723
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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
1999
Legal Domicile
FL
Principal Officer
Roy Whitehurst
Phone
8634651918
Tax Period
2023-06-01 to 2024-05-31

LAKE PLACID ATHLETIC ASSOCIATION INC, founded in 1999, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $15K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $23K exceeded revenue, resulting in a 53% operating deficit.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,480
Program Service Revenue $0
Investment Income $0
Other Revenue $4,691
TOTAL REVENUE $15,171

Expense Breakdown

Grants Paid $18,866
Salaries & Benefits $0
Fundraising Expenses $2,060
Program Expenses $18,866
Other Expenses $4,278
TOTAL EXPENSES $23,144

Year-over-Year Comparison

2023 2022 Change
Revenue $15,171 $32,718 -0.5%
Expenses $23,144 $28,848 -0.2%
Net Income $-7,973 $3,870 -3.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
20

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katie Wilson Vice-President 2.00
Officer Director
$0 $0 $0
Roy Whitehurst Treasurer 2.00
Officer Director
$0 $0 $0
Michael Ridgeway President 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
2025 No data No data No data No data
2024 $15,171 $23,144 $32,723 $-7,973
2023 $32,718 $28,848 $40,695 $3,870
2022 $23,138 $16,887 $36,823 $6,251
2021 $27,979 $18,085 $42,753 $9,894
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