Blue Lake Springs Homeowners Assoc… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

Joanne Schultz

Phone

2097952357

Tax Period

2025-01-01 to 2025-12-31

Blue Lake Springs Homeowners Association, founded in 1963, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2025.

Mission

The organization was formed to provide recreation, social and other membership benefits to the 1,997 lot owners and their families.

Program Service Accomplishments

Program 1

The organization was formed to provide recreation, social and other membership benefits to the 1,997 lot owners and their families.

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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 $1,694,483

Program Service Revenue $530,536

Investment Income $34,360

Other Revenue $0

TOTAL REVENUE $2,259,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,371,266

TOTAL EXPENSES $2,371,266

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,259,379	$2,186,793	+0.0%
Expenses	$2,371,266	$2,056,581	+0.2%
Net Income	$-111,887	$130,212	-1.9%

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

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
Trish Fabris	VP/Sec	5.00	Officer Director	$0	$0	$0
Charlie Palmer	President	5.00	Officer Director	$0	$0	$0
Lynn Wilder	Director	5.00	Director	$0	$0	$0
Jeff Tatum	Director	5.00	Director	$0	$0	$0
Jon Dashner	Director	5.00	Director	$0	$0	$0
Ward Redman	Director	5.00	Director	$0	$0	$0
Joanne Schultz	Treasurer	5.00	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
2025	$2,259,379	$2,371,266	$1,618,991	$-111,887
2024	$2,186,793	$2,056,581	$1,715,238	$130,212
2023	$2,037,308	$1,937,646	$1,832,658	$99,662
2022	$1,894,052	$1,795,746	$1,722,802	$98,306

Blue Lake Springs Homeowners Association