Laurel Creek Neighborhood Associat… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

STEVE PETERS

Phone

2815790761

Tax Period

2024-01-01 to 2024-12-31

Laurel Creek Neighborhood Association Inc, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $269K in total revenue in fiscal year 2024. Expenses of $259K left a modest 4% surplus.

Mission

THE ASSOCIATION IS FORMED FOR THE PURPOSE OF PROVIDING FOR THE MAINTENANCE AND PRESERVATION OF THE PROPERTIES WITHIN THE SUBDIVISION, AND PROMOTING THE HEALTH AND WELFARE OF THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $13,021 Revenue: $0

Objective 1 - To maintain trees, shrubs, flowers, and landscape in the neighborhood for the enjoyment of the community.

Program 2

Expenses: $235,210 Revenue: $0

Objective 2 - To provide recreation and exercise facilities in the neighborhood for the enjoyment of 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 $265,009

Investment Income $3,855

Other Revenue $0

TOTAL REVENUE $268,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,231

Other Expenses $259,359

TOTAL EXPENSES $259,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,864	$263,657	+0.0%
Expenses	$259,359	$340,544	-0.2%
Net Income	$9,505	$-76,887	-1.1%

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
KENT REVARD	OFFICER	3.00	Officer	$0	$0	$0
STEVE PETERS	PRESIDENT	3.00	Officer	$0	$0	$0
CHRISTOPHER BURDSALL	TREASURER	3.00	Officer	$0	$0	$0
HEATHER FLYNN MACE	SECRETARY	3.00	Officer	$0	$0	$0
NELDA TAMBORELLO	VICE PRESIDENT	3.00	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	$268,864	$259,359	$247,941	$9,505
2023	$263,657	$340,544	$208,664	$-76,887
2022	$265,041	$277,156	$299,684	$-12,115
2021	$264,606	$230,620	$305,447	$33,986
2020	$266,023	$238,362	$271,608	$27,661
2019	$271,670	$244,407	$249,660	$27,263
2018	$139,422	$204,545	$229,303	$-65,123

Laurel Creek Neighborhood Association Inc