Belvedere Lagoon Property Owners Association (EIN 946073259) - 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

1956

Legal Domicile

Phone

4153829483

Tax Period

2024-01-01 to 2024-12-31

Belvedere Lagoon Property Owners Association, founded in 1956, is a small nonprofit that reported $511K in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum.

Mission

Maintenance of lagoon and water quality.

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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 $485,865

Program Service Revenue $0

Investment Income $1,115

Other Revenue $23,701

TOTAL REVENUE $510,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $378,729

Other Expenses $559,570

TOTAL EXPENSES $559,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,681	$244,965	+1.1%
Expenses	$559,570	$481,725	+0.2%
Net Income	$-48,889	$-236,760	-0.8%

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

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
Janice Hackett	Vice President	5.00	Officer Director	$0	$0	$0
David Sandrich	Director	5.00	Director	$0	$0	$0
Lisa Mathews	Director	5.00	Director	$0	$0	$0
David Parquet	Director	5.00	Director	$0	$0	$0
Bernard Huger	Director	5.00	Director	$0	$0	$0
David Smith	Director	5.00	Director	$0	$0	$0
Paw Andersen	Vice President	5.00	Officer Director	$0	$0	$0
Ken Johnson	President	5.00	Officer Director	$0	$0	$0
Jon-Paul Momsen	Director	5.00	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	$510,681	$559,570	$474,156	$-48,889
2023	$244,965	$481,725	$503,998	$-236,760
2022	$331,849	$346,706	$535,220	$-14,857
2021	$434,125	$316,993	$452,035	$117,132
2020	$434,055	$525,226	$329,233	$-91,171
2019	$432,396	$412,121	$414,282	$20,275
2018	$438,790	$390,547	$406,163	$48,243

Belvedere Lagoon Property Owners Association