ECHO LAKES 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

1948

Legal Domicile

Principal Officer

John Durein

Phone

8313730564

Tax Period

2025-01-01 to 2025-12-31

ECHO LAKES ASSOCIATION, founded in 1948, is a small nonprofit that reported $249K in total revenue in fiscal year 2025. Revenue surged 312% from the prior year, signaling strong growth momentum. Expenses of $336K exceeded revenue, resulting in a 35% operating deficit.

Mission

Summer homeowners' association

Program Service Accomplishments

Program 1

Expenses: $299,882 Revenue: $0

The organization paid for the repair and rebuilding of a large public pier at Echo Lake.

Program 2

Expenses: $15,248 Revenue: $0

Provide trash collection and hauling for 141 summer homes

Program 3

Expenses: $6,856 Revenue: $0

Provide insurance for Echo Lakes Association and its board of directors and officers

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $248,019

Investment Income $853

Other Revenue $0

TOTAL REVENUE $248,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $336,401

Other Expenses $6,856

TOTAL EXPENSES $336,401

Year-over-Year Comparison

	2025	2024	Change
Revenue	$248,872	$60,459	+3.1%
Expenses	$336,401	$60,553	+4.6%
Net Income	$-87,529	$-94	+930.2%

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

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
Nat Reinke	President	2	Officer Director	$0	$0	$0
Jim Drennan	Vice President	1	Officer Director	$0	$0	$0
John Durein	Treasurer	3	Officer Director	$0	$0	$0
Julie Ruhle	Corresponding Secretary	1.5	Officer Director	$0	$0	$0
Helen Shamble	Recording Secretary	1	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
2025	$248,872	$336,401	$114,077	$-87,529