Lake Arrowhead Community Inc
Nonprofit profile at a glance
- EIN
- 010341134
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- North Waterboro, ME, USA
- Phone
- 2072475239
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,439,948
- Expenses
- $2,226,668
- Assets
- $3,885,043
- Liabilities
- $440,293
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- FITZPATRICK MICHAEL (TRUSTEE / VICE-PRESIDENT)
- MARTEL ALAN (TRUSTEE / PRESIDENT)
Highest reported compensation
- HARRIS AMY (DIR OF FINANCE & ADMIN): $89,196 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 community's mission is to promote and foster recreational, athletic, and other activities for members and their families; to manage, maintain, protect, and preserve the community and its properties and facilities; and to operate and maintain, or provide for the operation and maintenance of, any common areas or facilities held by the community for the benefit of its members.
What it reported doing in 2024
The community provides recreational and social activities, administers common services, and maintains common facilities.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 93
- Accountability: 90
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.4%; rating input score 78
- Program expense ratio: 85.2%; rating input score 85
- 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: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.7%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 1.74; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 56; 56th percentile among comparable filings
- Officer compensation ratio: 4%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: 1.1% per year; rating input score 100; 18th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 78.4% of revenue deployed · 85.2% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.9M in reported program spending
- Leadership: top reported pay $89K · 10 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 4 filed schedules · includes grants
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- Review — Sustainability: Liabilities to assets ratio scored 56/100.