LAKESIDE PARK ASSOC INC (EIN 946103112) - 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

1938

Legal Domicile

Principal Officer

ANDY ENGELHARDT

Phone

5305422314

Tax Period

2023-01-01 to 2023-12-31

LAKESIDE PARK ASSOC INC, founded in 1938, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $382K, a strong 21% operating margin.

Mission

LAKESIDE PARK ASSOCIATION PROVIDES WATER AND RECREATION FACILITIES.

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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 $1,730,838

Investment Income $18,318

Other Revenue $38,906

TOTAL REVENUE $1,788,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $602,066

Fundraising Expenses $0

Program Expenses $1,253,527

Other Expenses $804,254

TOTAL EXPENSES $1,406,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,788,062	$1,457,278	+0.2%
Expenses	$1,406,320	$1,229,522	+0.1%
Net Income	$381,742	$227,756	+0.7%

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

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

$10,000

Total Directors

$17,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK LEHR	Vice President	2.00	Officer Director	$2,600	$0	$2,600
JOHN PAOLUCCIO	Director	2.00	Director	$2,600	$0	$2,600
ANDY ENGELHARDT	President	2.00	Officer Director	$2,600	$0	$2,600
WALLACE HAYES	Secretary	2.00	Officer Director	$2,600	$0	$2,600
CRAIG ELLIOTT	Director	2.00	Director	$2,400	$0	$2,400
CHET PIPKIN	Treasurer	2.00	Officer Director	$2,200	$0	$2,200
DANNY OLSEN	Director	2.00	Director	$2,000	$0	$2,000

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	$1,788,062	$1,406,320	$4,158,052	$381,742
2022	$1,457,278	$1,229,522	$3,852,808	$227,756
2021	$1,374,636	$1,097,374	$3,738,958	$277,262
2020	$1,554,905	$1,003,746	$3,615,418	$551,159
2019	$1,228,577	$1,036,644	$3,029,644	$191,933
2018	$1,318,983	$935,549	$3,084,242	$383,434

LAKESIDE PARK ASSOC INC