SPRINGLAKE ASSOCIATION INC (EIN 752576102) - 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

1985

Legal Domicile

Principal Officer

JOHN CATCHINGS

Phone

9722479836

Tax Period

2024-01-01 to 2024-12-31

SPRINGLAKE ASSOCIATION INC, founded in 1985, is a small nonprofit that reported $104K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 68% operating deficit.

Mission

TO HOLD AND MANAGE THE FIXED ASSETS OF A 501(C)(8) ORGANIZATION

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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 $0

Investment Income $24,604

Other Revenue $79,169

TOTAL REVENUE $103,773

Expense Breakdown

Grants Paid $90,375

Salaries & Benefits $53,469

Fundraising Expenses $0

Other Expenses $30,411

TOTAL EXPENSES $174,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,773	$213,871	-0.5%
Expenses	$174,255	$203,502	-0.1%
Net Income	$-70,482	$10,369	-7.8%

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

274

Independent Members

274

Employees

Volunteers

265

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
JOHN CATCHINGS	PRESIDENT	2.00	Officer	$0	$0	$0
MIKE VERDIGUEL	VICE PRESIDENT	2.00	Officer	$0	$0	$0
ERIC YAHOUDY	SECRETARY	2.00	Officer	$0	$0	$0
BILL WOSTER	TREASURER	2.00	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
2024	$103,773	$174,255	$527,159	$-70,482
2023	$213,871	$203,502	$609,897	$10,369
2022	$241,129	$240,667	$586,304	$462
2021	$218,647	$247,923	$591,253	$-29,276
2020	$191,210	$212,909	$609,752	$-21,699
2019	$65,134	$100,337	$1,483,041	$-35,203
2018	$228,696	$220,598	$1,437,606	$8,098

SPRINGLAKE ASSOCIATION INC