LJA LAKE 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

2019

Legal Domicile

Principal Officer

PAM BELL

Phone

2607406814

Tax Period

2020-01-01 to 2020-12-31

LJA LAKE ASSOCIATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $224K in total revenue in fiscal year 2020. The organization ran a surplus of $190K, a strong 85% operating margin.

Mission

TO AID AND PROMOTE THE ENHANCEMENT AND PRESERVATION OF LAKE RESOURCES, USE, AND RECREATIONAL OPPORTUNITIES OF LAKE JAMES, STEUBEN COUNTY, IND

Program Service Accomplishments

Program 1

Expenses: $34,499 Revenue: $224,332

TO AID AND PROMOTE THE ENHANCEMENT AND PRESERVATION OF LAKE RESOURCES, USE, AND RECREATIONAL OPPORTUNITIES OF LAKE JAMES, STEUBEN COUNTY, IND

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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 (2020)

Revenue Breakdown

Contributions & Grants $220,829

Program Service Revenue $3,471

Investment Income $31

Other Revenue $1

TOTAL REVENUE $224,332

Expense Breakdown

Grants Paid $1,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,499

Other Expenses $32,899

TOTAL EXPENSES $34,499

Year-over-Year Comparison

	2020	2019	Change
Revenue	$224,332	N/A	N/A
Expenses	$34,499	N/A	N/A
Net Income	$189,833	N/A	N/A

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

N/A

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

$2,370

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK BAADE	PRESIDENT	1.000	Officer	$0	$0	$0
KARREN SNELL	VICE PRESIDENT	1.000	Officer	$0	$0	$0
MICHELLE ARMSTRONG	SECRETARY	1.000	Officer	$0	$0	$0
PAM BELL	TREASURER	1.000	Officer	$2,370	$0	$2,370

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
2020	$224,332	$34,499	$189,833	$189,833