Lakes Of Parkway Homeowners Association Inc (EIN 760502731) - 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

Principal Officer

JAMES T LOUGHEAD Jr

Phone

8664732573

Tax Period

2025-01-01 to 2025-12-31

Lakes Of Parkway Homeowners Association Inc, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $3.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

CIVIC AND SOCIAL WELFARE ORGANIZATION - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND COMMUNITY THROUGH THE FOLLOWING OBJECTIVES

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,070,865

Investment Income $108,548

Other Revenue $0

TOTAL REVENUE $3,179,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,352

Fundraising Expenses $0

Program Expenses $3,627,317

Other Expenses $3,285,014

TOTAL EXPENSES $3,685,366

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,179,413	$2,884,137	+0.1%
Expenses	$3,685,366	$3,038,796	+0.2%
Net Income	$-505,953	$-154,659	+2.3%

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

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
JAMES T LOUGHEAD Jr	PRESIDENT	5.00	Officer Director	$0	$0	$0
JAMES REDMAN	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTOPHER C JONES	DIRECTOR	5.00	Director	$0	$0	$0
LEOPOLDO HERNANDEZ Jr	SECRETARY	5.00	Officer Director	$0	$0	$0
JEFFREY KEOWN	DIRECTOR	5.00	Director	$0	$0	$0
KURT ALBAUGH	TREASURER	5.00	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
2025	$3,179,413	$3,685,366	$3,789,603	$-505,953
2024	$2,884,137	$3,038,796	$3,626,596	$-154,659
2023	$2,826,922	$2,691,691	$3,692,178	$135,231
2022	$2,435,933	$2,785,326	$3,777,483	$-349,393
2021	$2,406,255	$2,324,888	$4,135,457	$81,367
2020	$2,310,230	$2,177,731	$3,355,901	$132,499
2019	$2,044,881	$2,247,223	$3,333,866	$-202,342
2018	$2,095,604	$2,767,700	$3,703,500	$-672,096

Lakes Of Parkway Homeowners Association Inc