Forest Lake Park Club Inc

Nonprofit profile at a glance

EIN
141262818
IRS 990 coverage
2020–2025
Forms available
Form 990 2025
Location
Albany, NY, USA
Phone
5184245348
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$80,875
Expenses
$72,590
Assets
$965,251
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Doug Oglesby (Vice President)
  • Alison Branco (President)

Highest reported compensation

  • Kris Royce (Swim Instructor): $3,200 total reported compensation
  • Brian Smith (Caretaker): $600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Maintain the common land/facilities and oversee all social activities. Provide all 35 cottage owners with the ability to enjoy facilities by maintaining water system; lake front; tennis court; farmhouse and barn. All expenses are covered through member assessments.

What it reported doing in 2025

The association's farmhouse is the primary residence of of our caretaker, who maintains the association's property. In 2025 the association invested in a new battery powered push mower and leave blower. This will not only support the work efforts but also environmental friendly for our beautiful grounds.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 90
  • Accountability: 10
  • Sustainability: 60
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.8%; rating input score 90
  • Program expense ratio: 100%; rating input score 100
  • 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: 0%; rating input score 0; 10th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.2%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 13.3; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 68.9% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 0% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 1.1% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 89.8% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 7 board members independent · 2 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $73K in reported program spending
  • Leadership: top reported pay $3K · 11 people listed
  • Consistency: 40 of 40 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 6 filing years from 2020 to 2025
  • 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: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 14/100.