LAKE FOREST II MASTER HOA (EIN 952921294) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

THOMAS LUDDEN

Phone

9495860860

Tax Period

2024-01-01 to 2024-12-31

LAKE FOREST II MASTER HOA, founded in 1971, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $5.3M left a modest 7% surplus.

Mission

TO PROVIDE THE MAINTENANCE, PRESERVATION AND ARCHITECTURAL CONTROL OF THE LOTS AND COMMON AREAS OF THE ASSOCIATION, AND TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF ITS RESIDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,932,546

Investment Income $308,232

Other Revenue $1,501,464

TOTAL REVENUE $5,742,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,717,756

Fundraising Expenses $0

Program Expenses $4,624,917

Other Expenses $3,629,406

TOTAL EXPENSES $5,347,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,742,242	$6,412,605	-0.1%
Expenses	$5,347,162	$6,159,330	-0.1%
Net Income	$395,080	$253,275	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JAMES RICHERT	PRESIDENT	3.00	Officer	$0	$0	$0
PAUL COULTER	DIRECTOR	3.00	Director	$0	$0	$0
THOMAS LUDDEN	TREASURER	3.00	Officer	$0	$0	$0
JOLENE FUENTES	DIRECTOR	3.00	Director	$0	$0	$0
KRISTIN HOUSTON	DIRECTOR	3.00	Director	$0	$0	$0
FILDELMA ROBERTS	VICE PRESIDE	3.00	Officer	$0	$0	$0
JEFF WERKMEISTER	DIRECTOR	3.00	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	$5,742,242	$5,347,162	$11,732,982	$395,080
2023	$6,412,605	$6,159,330	$10,663,306	$253,275
2022	$4,708,628	$4,679,247	$11,093,075	$29,381
2021	$7,362,628	$7,283,278	$10,743,439	$79,350
2020	$4,055,155	$3,652,487	$13,222,351	$402,668

LAKE FOREST II MASTER HOA