LJA LAKE ASSOCIATION

EIN: 824322719 501(c)(3) Community Improvement

ANGOLA, IN

Total Revenue
$224,332
Total Expenses
$34,499
Total Assets
$189,833
Net Assets
$189,833
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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
IN
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

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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%)

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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

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Governance

Voting Members
31
Independent Members
31
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
4
$2,370
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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