Lakes on Eldridge CAI (EIN 760473029) - 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

1995

Legal Domicile

Phone

7139369200

Tax Period

2024-01-01 to 2024-12-31

Lakes on Eldridge CAI, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 15% surplus.

Mission

The Association was established to perform services: maintain various common areas and perform community improvements; and enforce covenants of the declaration of a specific geographic area, in order to ensure the safety and welfare of the residents, visitors and 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 $1,415,610

Investment Income $75,787

Other Revenue $229,172

TOTAL REVENUE $1,720,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,412,093

Other Expenses $1,467,887

TOTAL EXPENSES $1,467,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,720,569	$1,561,338	+0.1%
Expenses	$1,467,887	$1,583,501	-0.1%
Net Income	$252,682	$-22,163	-12.4%

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

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
Ben Gammack	President	2.00	Officer Director	$0	$0	$0
Julie Applegate	Treasurer	2.00	Officer Director	$0	$0	$0
Roger Whorton	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	$1,720,569	$1,467,887	$2,085,691	$252,682
2023	$1,561,338	$1,583,501	$1,927,731	$-22,163
2022	$1,455,144	$1,417,978	$2,117,733	$37,166
2021	$1,468,653	$1,474,629	$1,922,253	$-5,976
2020	$1,429,552	$1,266,423	$1,596,802	$163,129
2019	$1,423,277	$1,345,423	$2,371,982	$77,854
2018	$1,323,558	$1,445,834	$1,420,850	$-122,276

Lakes on Eldridge CAI