Three Lakes Community Improvement … - 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

Principal Officer

Steven Ormsby

Phone

2104940659

Tax Period

2024-01-01 to 2024-12-31

Three Lakes Community Improvement Assoc DBA Pinecrest Community Improvement Assc is a small nonprofit in the Community Improvement sector that reported $394K in total revenue in fiscal year 2024. Expenses of $342K left a modest 13% surplus.

Mission

PROVIDE FOR THE HEALTH, SAFETY AND WELFARE OF THE RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $281,842

THE MISSION OF THE ORGANIZATION IS TO MAINTAIN THE PUBLIC COMMON AREA THROUGH LANDSCAPING, STREET LIGHTING AND PUBLIC SERVICES AS WELL AS PROVIDE FOR THE UPKEEP AND MAINTENANCE OF THE POOL, TENNIS...

THE MISSION OF THE ORGANIZATION IS TO MAINTAIN THE PUBLIC COMMON AREA THROUGH LANDSCAPING, STREET LIGHTING AND PUBLIC SERVICES AS WELL AS PROVIDE FOR THE UPKEEP AND MAINTENANCE OF THE POOL, TENNIS COURTS AND PLAYGROUND.

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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 $387,200

Investment Income $2,103

Other Revenue $4,899

TOTAL REVENUE $394,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $281,842

Other Expenses $341,517

TOTAL EXPENSES $341,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$394,202	$392,254	+0.0%
Expenses	$341,517	$600,464	-0.4%
Net Income	$52,685	$-208,210	-1.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Ormsby	President	2.00	Officer Director	$0	$0	$0
Alan Green	Vice President	2.00	Officer Director	$0	$0	$0
Toni Caputo	Treasurer	2.00	Officer Director	$0	$0	$0
Heather Kissinger	Director	2.00	Director	$0	$0	$0
Tara Bruso	Director	2.00	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
2024	$394,202	$341,517	$445,940	$52,685
2023	$392,890	$601,099	$402,387	$-208,209
2022	$363,438	$841,091	$610,844	$-477,653
2021	$363,670	$294,529	$1,075,318	$69,141
2019	$371,254	$520,000	$1,078,011	$-148,746
2018	$424,198	$418,450	$1,110,362	$5,748

Three Lakes Community Improvement Assoc DBA Pinecrest Community Improvement Assc