LAKE PLACID ATHLETIC ASSOCIATION I… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $15,866 Revenue: $0

Contributions and support to local youth sports which include high school, middle school, elementary school sports program and other local youth leagues and clubs.

Program 2

Expenses: $3,000 Revenue: $0

Awarded scholarships for graduating Lake Placid High School Seniors.

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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 (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

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
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

LAKE PLACID ATHLETIC ASSOCIATION INC