LAKEVIEW PARK WATER ASSOCIATION (EIN 910532252) - 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

1952

Legal Domicile

Principal Officer

C LEIGH LOWTHER

Phone

5092460394

Tax Period

2024-01-01 to 2024-12-31

LAKEVIEW PARK WATER ASSOCIATION, founded in 1952, is a small nonprofit that reported $268K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $47K, a strong 17% operating margin.

Mission

TO PROVIDE WATER SERVICE TO THE RESIDENTS OF LAKEVIEW PARK.

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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 $259,290

Investment Income $8,902

Other Revenue $0

TOTAL REVENUE $268,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,835

Fundraising Expenses $0

Other Expenses $170,811

TOTAL EXPENSES $221,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,192	$226,837	+0.2%
Expenses	$221,646	$191,018	+0.2%
Net Income	$46,546	$35,819	+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

365

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
PERRY MCCLELLAN	MEMBER	1.00	Director	$0	$0	$0
KEN BOHNET	TREASURER	1.00	Officer	$0	$0	$0
GLENN DART	SECRETARY	1.00	Officer	$0	$0	$0
C LEIGH LOWTHER	PRESIDENT	3.00	Officer	$0	$0	$0
DON MENDENHALL	2ND VICE PRE	2.00	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	$268,192	$221,646	$1,476,966	$46,546
2023	$226,837	$191,018	$1,429,162	$35,819
2022	$221,556	$169,412	$1,388,131	$52,144
2021	$225,458	$156,700	$1,334,191	$68,758
2020	$220,738	$171,830	$1,260,985	$48,908
2019	$219,012	$161,350	$1,217,465	$57,662
2018	$221,454	$158,983	$1,149,402	$62,471

LAKEVIEW PARK WATER ASSOCIATION