CLEAR LAKE CITY COMMUNITY ASSOCIAT… - 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

1963

Legal Domicile

Principal Officer

STAN COOK

Phone

2814880360

Tax Period

2024-07-01 to 2025-06-30

CLEAR LAKE CITY COMMUNITY ASSOCIATION INC, founded in 1963, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROMOTE THE RECREATION,SAFETY,HEALTH AND WELFARE OF THE OWNERS OF THE PROPERTIES AND FOR THE IMPROVEMENTS AND MAINTENANCE OF THE PROPERTIES.

Program Service Accomplishments

Program 1

Expenses: $234,158 Revenue: $620,071

MAINTENANCE OF THE COMMON AREAS.

Program 2

Expenses: $1,265,180 Revenue: $800,021

PROVIDING SERVICES TO PROMOTE THE SOCIAL WELFARE SUCH AS POOL,RECREATION, AND ACTIVITIES

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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 $0

Program Service Revenue $1,394,729

Investment Income $25,363

Other Revenue $0

TOTAL REVENUE $1,420,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $531,120

Fundraising Expenses $0

Program Expenses $1,499,338

Other Expenses $1,039,370

TOTAL EXPENSES $1,570,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,420,092	$1,406,473	+0.0%
Expenses	$1,570,490	$1,668,207	-0.1%
Net Income	$-150,398	$-261,734	-0.4%

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

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
LESLIE EATON	TRUSTEE	5.00	Director	$0	$0	$0
JACOB MORGAN	TRUSTEE	5.00	Director	$0	$0	$0
DAVID M MARTIN	TRUSTEE	5.00	Director	$0	$0	$0
MATTHEW HENEHAN	TRUSTEE	5.00	Director	$0	$0	$0
BOB HUHL	TRUSTEE	5.00	Director	$0	$0	$0
TERRY CANUP	VICE PRESIDENT	5.00	Officer	$0	$0	$0
GLENDA STROUD	TREASURER	5.00	Officer	$0	$0	$0
STAN COOK	PRESIDENT	5.00	Officer	$0	$0	$0
LINDA COBLENTZ	SECRETARY	5.00	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
2025	$1,420,092	$1,570,490	$3,858,582	$-150,398
2024	$1,406,473	$1,668,207	$3,501,630	$-261,734
2023	$1,379,352	$1,538,598	$3,791,487	$-159,246
2022	$1,649,644	$1,485,904	$3,912,139	$163,740
2021	$1,325,094	$1,374,144	$3,758,989	$-49,050
2020	$1,296,337	$1,362,061	$3,800,074	$-65,724
2019	$1,219,370	$1,491,904	$3,788,857	$-272,534
2018	$1,872,657	$1,749,186	$3,865,620	$123,471

CLEAR LAKE CITY COMMUNITY ASSOCIATION INC