Lake Elmore Association Inc
Nonprofit profile at a glance
- EIN
- 352646572
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025
- Location
- Lake Elmore, VT, USA
- Phone
- 8028881158
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Water Resource, Wetlands Conservation and Management
Reported finances
- Revenue
- $73,502
- Expenses
- $43,955
- Assets
- $182,494
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- GLENN SCHWARTZ (PRESIDENT)
People named in this filing
- GLENN SCHWARTZ (PRESIDENT)
- CHERYL BARKLEY (VICE PRESIDE)
- BRUCE OLSSON (RECORDING SE)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the lake elmore association is to serve as a public benefit organization to promote the betterment of lake elmore and the downstream lake champlain watershed.
What it reported doing in 2025
Greeter program at boat launch area: our greeters inspected 625 boats and decontaminated 14 boats. Greeters also educate watercraft users about aquatic invasive nuisances. The greeters worked 541.5 hours this year. The association also assists in maintaining the environmental health of lake elmore, which is part of the lake champlain watershed.
Operating model
- Revenue model
- Donor-supported. 86% of the money available for current operations came from contributions and gifts.
- 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 100
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.1%; rating input score 60
- Program expense ratio: 96.8%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 40.2%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 4.15; rating input score 81; 81st 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: 6.7% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 12.1% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 19.8% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 60.1% of revenue deployed · 96.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $43K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- 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.
- Review — Sustainability: Officer compensation ratio scored 56/100.