Pine Mountain Lake Association

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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

1969

Legal Domicile

Principal Officer

Craig Prouse

Phone

2099628606

Tax Period

2023-01-01 to 2023-12-31

Pine Mountain Lake Association, founded in 1969, is a mid-sized nonprofit in the Recreation & Sports sector that reported $13.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $15.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

The Association maintains common areas, provides recreational activities and security for its members, the residents of the community of Pine Mountain Lake.

Program Service Accomplishments

Program 1

Expenses: $12,057,848

The Association maintains common areas, provides recreational activities and security for its members, the residents of the community of Pine Mountain Lake.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,521,528

Investment Income $367,725

Other Revenue $3,758,064

TOTAL REVENUE $13,647,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,587,214

Fundraising Expenses $0

Program Expenses $12,057,848

Other Expenses $7,526,981

TOTAL EXPENSES $15,114,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,647,317	$12,418,356	+0.1%
Expenses	$15,114,195	$11,911,211	+0.3%
Net Income	$-1,466,878	$507,145	-3.9%

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

198

Volunteers

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

$291,884

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Powell	General Manager	40.00	Director	$191,306	$0	$191,306
Dan Szathmary	Controller	40.00	Director	$100,578	$0	$100,578
Craig Prouse	Treasurer	2.00	Officer	$0	$0	$0
Chuck Obeso-Bradley	President	2.00	Officer	$0	$0	$0
Mike Gustafson	Vice President	2.00	Officer	$0	$0	$0
Karen Hopkins	Secretary	2.00	Officer	$0	$0	$0
Brian Watson	Director	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
2024	No data	No data	No data	No data
2023	$13,647,317	$15,114,195	$13,475,084	$-1,466,878
2022	$12,418,356	$11,911,211	$13,427,674	$507,145
2021	$13,134,426	$11,949,850	$12,781,532	$1,184,576
2020	$11,291,594	$9,518,669	$11,625,237	$1,772,925
2019	$10,749,845	$14,004,444	$9,794,727	$-3,254,599
2018	$10,293,524	$10,107,561	$12,699,437	$185,963