CLEAR LAKE FOREST COMMUNITY ASSOCI… - 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

1970

Legal Domicile

Principal Officer

PAUL LACY

Phone

2815323447

Tax Period

2022-07-01 to 2023-06-30

CLEAR LAKE FOREST COMMUNITY ASSOCIATION INC, founded in 1970, is a small nonprofit that reported $276K in total revenue in fiscal year 2022. Expenses of $362K exceeded revenue, resulting in a 31% operating deficit.

Mission

PROVIDE AND MAINTAIN RECREATIONAL FACILITIES AND PROMOTE SOCIAL WELFARE FOR THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $189,332 Revenue: $89,006

POOL AREA MAINTENANCE - ACTIVITIES RELATE TO OPERATION AND MAINTENANCE OF COMMON AREAS FOR THE BENEFIT AND WELFARE OFTHE COMMUNITY

Program 2

Expenses: $76,207 Revenue: $89,006

PARK AND ENTRYWAY LANDSCAPE AND MAINTENANCE FOR THEBENEFIT AND WELFARE OF THE COMMUNITY

Program 3

Expenses: $57,315 Revenue: $89,151

NEIGHBORHOOD MAINTENANCE AND UPKEEP -ACTIVITIES RELATE TO COMPLIANCE WITH COMMUNITY DEED RESTRICTIONS FOR THE BENEFIT AND WELFARE OF THE COMMUNITY

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,576

Program Service Revenue $267,017

Investment Income $146

Other Revenue $0

TOTAL REVENUE $275,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,854

Other Expenses $361,821

TOTAL EXPENSES $361,821

Year-over-Year Comparison

	2022	2021	Change
Revenue	$275,739	N/A	N/A
Expenses	$361,821	N/A	N/A
Net Income	$-86,082	$0	N/A

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

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
CHRISTOPHER KEELING	PRESIDENT	5.00	Officer Director	$0	$0	$0
TERRELL CULPEPPER	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
ALISON MARTIN	SECRETARY	5.00	Officer Director	$0	$0	$0
OCTAVIO FAUSTO	TREASURER	5.00	Officer Director	$0	$0	$0
PAUL LACY	MEMBER AT LARGE	5.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$275,739	$361,821	$215,250	$-86,082
2022	$290,699	$222,333	$251,870	$68,366
2021	$204,446	$254,210	$181,576	$-49,764
2020	$217,878	$268,423	$246,106	$-50,545

CLEAR LAKE FOREST COMMUNITY ASSOCIATION INC