Andover Lake Management Association Inc
Nonprofit profile at a glance
- EIN
- 061233060
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- Andover, CT, USA
- Phone
- 8604286495
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Homeowners & Tenants Associations
Reported finances
- Revenue
- $60,500
- Expenses
- $68,163
- Assets
- $318,491
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Linda Derick (President)
- Jeff Hayes (Vice President)
People named in this filing
- Linda Derick (President)
- Steven Nelson to 32026 (Treasurer)
- Jeff Hays from 32026 (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Andover Lake Management Association is a non-profit civic and environmental organization whose principal function is that of a landholder which includes exclusive ownership of the lake bottom of Andover Lake among other parcels of real estate in the Township of Andover, Connecticut. In order to protect its property ownership in such land and its value, ALMA also undertakes as a mission the conservation and preservation of the condition of Andover Lake, its beach and surrounding areas and the dissemination of scientific information regarding the health of the lake to the community. Such environmental conservation, preservation and dissemination of scientific information regarding the lakes health promotes the social welfare and common good of the community.
What it reported doing in 2024
Maintenance of and insurance for Andover Lake, including dam and walkway, analysis of water quality, insurance and property taxes.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92.9%; rating input score 93
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -12.7%; rating input score 28; 28th percentile among comparable filings
- Total-asset coverage ratio: 4.67; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.3% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $63K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 28/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.