ELK POINT COUNTRY CLUB HOMEOWNERS ASSOCIATION INC (EIN 880029623) - 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

1925

Legal Domicile

Principal Officer

RICK LAGOMARSINO

Phone

7753605910

Tax Period

2024-07-01 to 2025-06-30

ELK POINT COUNTRY CLUB HOMEOWNERS ASSOCIATION INC, founded in 1925, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 283% from the prior year, signaling strong growth momentum. The organization ran a surplus of $774K, a strong 26% operating margin.

Mission

MAINTENANCE AND MANAGEMENT OF COMMON AREAS OF ELK POINT COUNTRY CLUB ASSOCIATION

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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 $2,863,159

Investment Income $41,728

Other Revenue $60,000

TOTAL REVENUE $2,964,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,107

Fundraising Expenses $0

Other Expenses $2,096,551

TOTAL EXPENSES $2,190,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,964,887	$774,264	+2.8%
Expenses	$2,190,658	$686,991	+2.2%
Net Income	$774,229	$87,273	+7.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK LAGOMARSINO	PRESIDENT	N/A	Officer Director	$0	$0	$0
LARRY FRY	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
CATHERINE PECK	TREASURER	N/A	Officer Director	$0	$0	$0
NANCY GREENHALGH	SECRETARY	N/A	Officer Director	$0	$0	$0
WILLIAM ZELLER	MEMBER AT LA	N/A	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	$2,964,887	$2,190,658	$2,470,863	$774,229
2024	No data	No data	No data	No data
2023	$861,769	$741,727	$1,587,169	$120,042
2022	$612,580	$391,357	$1,493,182	$221,223
2021	$573,633	$420,478	$1,242,238	$153,155
2019	$456,622	$389,644	$1,448,830	$66,978
2018	$392,355	$332,721	$1,374,733	$59,634

ELK POINT COUNTRY CLUB HOMEOWNERS ASSOCIATION INC