LONG GLADE LAKE INC (EIN 750399805) - Form 990 Financial Analysis & Trantor Score

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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

1939

Legal Domicile

Principal Officer

MIKE COLEMAN

Phone

9032359935

Tax Period

2023-01-01 to 2023-12-31

LONG GLADE LAKE INC, founded in 1939, is a micro nonprofit that reported $87K in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 50% operating margin.

Mission

PRIVATE LAKE ASSOCIATION

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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 $41,634

Program Service Revenue $0

Investment Income $55,434

Other Revenue $-10,188

TOTAL REVENUE $86,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $43,757

TOTAL EXPENSES $43,757

Year-over-Year Comparison

	2023	2022	Change
Revenue	$86,880	$54,287	+0.6%
Expenses	$43,757	$58,087	-0.2%
Net Income	$43,123	$-3,800	-12.3%

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
MIKE COLEMAN	PRESIDENT	1.00	Director	$0	$0	$0
JIM FERRELL JR	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
CURT FRISBIE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LANETTE ANDREWS	TREASURER	1.00	Officer Director	$0	$0	$0
CATHY REAVES	SECRETARY	1.00	Officer Director	$0	$0	$0
CONNIE REEVE	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JOHNNY KOSAREK	BOARD MEMBER	1.00	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
2023	$86,880	$43,757	$680,986	$43,123
2022	$54,287	$58,087	$637,863	$-3,800
2021	$146,501	$42,625	$641,663	$103,876
2020	$41,435	$33,843	$537,787	$7,592
2019	$75,737	$60,896	$530,195	$14,841
2018	$55,089	$40,316	$515,354	$14,773

LONG GLADE LAKE INC