Lakeshore Homes Association (EIN 940615320) - 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

1917

Legal Domicile

Principal Officer

Casey Ramsey

Phone

5104517160

Tax Period

2024-01-01 to 2024-12-31

Lakeshore Homes Association, founded in 1917, is a small nonprofit that reported $309K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $264K left a modest 15% surplus.

Mission

The Organization provides management and maintenance of parks and other open areas within the 1,055 member homeowner 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 $308,817

Program Service Revenue $0

Investment Income $-12,473

Other Revenue $12,604

TOTAL REVENUE $308,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,146

Other Expenses $263,920

TOTAL EXPENSES $263,920

Year-over-Year Comparison

	2024	2023	Change
Revenue	$308,948	$258,118	+0.2%
Expenses	$263,920	$339,160	-0.2%
Net Income	$45,028	$-81,042	-1.6%

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

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
Justin Williams	Secretary	2.00	Officer Director	$0	$0	$0
James Donatell	Vice President	2.00	Officer Director	$0	$0	$0
Ashley Morris	Vice President	2.00	Officer Director	$0	$0	$0
Jane Tishkoff	Treasurer	2.00	Officer Director	$0	$0	$0
James Breeden	President	2.00	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
2024	$308,948	$263,920	$339,280	$45,028
2023	$258,118	$339,160	$311,808	$-81,042
2022	$258,076	$243,424	$386,385	$14,652
2021	$234,843	$210,437	$372,765	$24,406
2020	$223,972	$227,429	$345,679	$-3,457

Lakeshore Homes Association