Enchanted Lake Residents Association

Nonprofit profile at a glance

EIN
990259945
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-EZ 2015
Location
Kailua, HI, USA
Phone
8087837504
Rating confidence
Limited

Official website

Reported finances

Revenue
$83,928
Expenses
$305,171
Assets
$752,994
Liabilities
$402,472

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • GREG COLBERT (PRESIDENT)

Highest reported compensation

  • CINDY TURNER (DIRECTOR): $1,389 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization manages, secures, insures, and maintains a private community lake for the recreational and esthetic benefit of its members. The lake also serves as a key drainage and flood control element for the larger surrounding community.

What it reported doing in 2024

In a prior fiscal year the organization, as a plantiff, settled a significant property damage claim for third party siltation and pollution of its private recreation lake. The proceeds are being used to mitigate the damage. During a prior fiscal year the organzation took delivery of custom built equipment to remove algae, seaweed, and other pollutants from the lake. In addition the organization continued with the planning and permitting phase of a planned dredginng of the lake. During the current fiscal year the organization continued efforts to locate an economical disposal site for dredge spoils

Operating model

Revenue model
Earned-program. 60% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -263.6%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 2.47; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 0.5%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 30.3% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 2.4% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: 9.9% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 11 of 11 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $1K · 11 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 11/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.