Lake Olympia Civic Association

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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

1983

Legal Domicile

Phone

2815790761

Tax Period

2024-01-01 to 2024-12-31

Lake Olympia Civic Association, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.9M left a modest 14% surplus.

Mission

Organization formed to protect, maintain and management the community property for the benefit of the owners, residents and visitors.

Program Service Accomplishments

Program 1

Expenses: $775,518

Association provides recreation area maintenance, staffing, insurance, security service and other functions for the safety and welfare of the residents and visitors to the community.

Program 2

Expenses: $710,490

Association provides landscaping maintenance and improvements for all common areas within the development for the benefit and safety of the residents and visitors to the community.

Program 3

Expenses: $210,313

Association provides all utilities to common and recreation areas for the benefit of the residents and visitors to 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,924,470

Investment Income $64,486

Other Revenue $199,002

TOTAL REVENUE $2,187,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,696,321

Other Expenses $1,878,334

TOTAL EXPENSES $1,878,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,187,958	$1,996,390	+0.1%
Expenses	$1,878,334	$1,554,738	+0.2%
Net Income	$309,624	$441,652	-0.3%

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

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
Jonathan Winfiele	President	2.00	Officer Director	$0	$0	$0
Jerry Thayil	Vice President	2.00	Officer Director	$0	$0	$0
Daphne Perry-Crutcher	Treasurer	2.00	Officer Director	$0	$0	$0
Marie Moore	Director	2.00	Director	$0	$0	$0
Kermit Pittman	Director	2.00	Director	$0	$0	$0
Gary Cheema	Director	2.00	Director	$0	$0	$0
Debra Grade	Secretary	2.00	Officer 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
2024	$2,187,958	$1,878,334	$2,955,558	$309,624
2023	$1,996,390	$1,554,738	$2,731,533	$441,652
2022	$1,842,927	$2,023,323	$2,695,966	$-180,396
2021	$1,781,560	$2,395,044	$2,637,484	$-613,484
2020	$1,847,112	$2,011,583	$3,289,944	$-164,471