LAKE FOREST PROPERTY OWNERS' ASSOC… - 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

1971

Legal Domicile

Principal Officer

BYRIAN RAMSEY

Phone

2516260788

Tax Period

2023-01-01 to 2023-12-31

LAKE FOREST PROPERTY OWNERS' ASSOCIATION, founded in 1971, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $3.1M left a modest 4% surplus.

Mission

THE ASSOCIATION'S PRIMARY PURPOSE IS TO DEVOTE ITSELF TO THE IMPROVEMENT AND CIVIC BETTERMENT OF THE LAKE FOREST DEVELOPMENT IN BALDWIN COUNTY, ALABAMA

Program Service Accomplishments

Program 1

Expenses: $171,106

IMPROVEMENT AND CIVIC BETTERMENT OF THE LAKE FOREST DEVELOPMENT IN BALDWIN COUNTY, ALABAMA

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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 $0

Program Service Revenue $2,913,869

Investment Income $47,898

Other Revenue $309,252

TOTAL REVENUE $3,271,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $996,832

Fundraising Expenses $0

Program Expenses $1,521,337

Other Expenses $2,130,434

TOTAL EXPENSES $3,127,266

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,271,019	$3,490,751	-0.1%
Expenses	$3,127,266	$3,327,600	-0.1%
Net Income	$143,753	$163,151	-0.1%

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

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
BYRIAN RAMSEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
MATT LAWS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
CHARLOTTE GRAHAM	SECRETARY	N/A	Officer Director	$0	$0	$0
SHARON ST LAURENT	TREASURER	N/A	Officer Director	$0	$0	$0
TOM OPDYKE	SERGEANT AT	N/A	Officer Director	$0	$0	$0
MISTY SABOL	DIRECTOR AT	N/A	Director	$0	$0	$0
MALLORY TAPLEY	DIRECTOR AT	N/A	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
2023	$3,271,019	$3,127,266	$5,662,152	$143,753
2022	$3,490,751	$3,399,670	$5,576,238	$91,081
2021	$3,380,407	$3,232,786	$5,004,953	$147,621
2020	$3,325,522	$2,734,636	$4,907,964	$590,886
2018	$3,333,360	$3,033,177	$3,849,789	$300,183

LAKE FOREST PROPERTY OWNERS' ASSOCIATION