Blue Lake Springs Homeowners Association (EIN 946108877) - 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

1963

Legal Domicile

Principal Officer

Joanne Schultz

Phone

2097952357

Tax Period

2024-01-01 to 2024-12-31

Blue Lake Springs Homeowners Association, founded in 1963, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Expenses of $2.1M left a modest 6% surplus.

Mission

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 (2024)

Revenue Breakdown

Contributions & Grants $1,753,021

Program Service Revenue $400,522

Investment Income $33,250

Other Revenue $0

TOTAL REVENUE $2,186,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,056,581

TOTAL EXPENSES $2,056,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,186,793	$2,037,308	+0.1%
Expenses	$2,056,581	$1,937,646	+0.1%
Net Income	$130,212	$99,662	+0.3%

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	Secretary	5.00	Officer Director	$0	$0	$0
Charlie Palmer	Vice President	5.00	Officer Director	$0	$0	$0
Debbie Kushnir	President	5.00	Officer 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
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