THE LAKE GEORGE CLUB HISTORIC PRES… - 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

2017

Legal Domicile

Principal Officer

BOB BUHRMASTER

Phone

5184244222

Tax Period

2023-07-01 to 2024-06-30

THE LAKE GEORGE CLUB HISTORIC PRESERVATION FOUNDATION INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $401K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $336K, a strong 84% operating margin.

Mission

TO RAISE FUNDS TO PROVIDE FOR THE RESTORATION AND MAINTENANCE OF THE LAKE GEORGE CLUB HISTORIC BUILDING.

Program Service Accomplishments

Program 1

Expenses: $38,000

TO RAISE FUNDS TO PROVIDE FOR THE RESTORATION AND MAINTENANCE OF THE LAKE GEORGE CLUB HISTORIC BUILDING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $390,322

Program Service Revenue $0

Investment Income $10,744

Other Revenue $0

TOTAL REVENUE $401,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $550

Program Expenses $38,000

Other Expenses $65,164

TOTAL EXPENSES $65,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$401,066	$278,018	+0.4%
Expenses	$65,164	$11,995	+4.4%
Net Income	$335,902	$266,023	+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	Role	Reportable Comp	Other Comp	Total
BOB CAMPBELL	DIRECTOR	Director	$0	$0	$0
DEVON CONWAY	DIRECTOR	Director	$0	$0	$0
CARMEN DELLA BELLA	DIRECTOR	Director	$0	$0	$0
ELAINE L LAWRENCE	DIRECTOR	Director	$0	$0	$0
DAVID MONTANA	DIRECTOR	Director	$0	$0	$0
WILLIAM RYAN	DIRECTOR	Director	$0	$0	$0
KATHLEEN GRASMEDER	PRESIDENT	Officer	$0	$0	$0
BOB BUHRMASTER	TREASURER	Officer	$0	$0	$0
BARBARA MACDOWELL	SECRETARY	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
2025	No data	No data	No data	No data
2024	$401,066	$65,164	$1,671,562	$335,902
2023	$278,018	$11,995	$1,268,632	$266,023
2022	$519,476	$4,229	$729,742	$515,247

THE LAKE GEORGE CLUB HISTORIC PRESERVATION FOUNDATION INC