Lake Tippecanoe Property Owners Inc
Nonprofit profile at a glance
- EIN
- 311105800
- IRS 990 coverage
- 2014–2025
- Forms available
- Form 990 2025, Form 990-EZ 2023
- Location
- Leesburg, IN, USA
- Phone
- 5744533286
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Land Resources Conservation
Reported finances
- Revenue
- $213,152
- Expenses
- $214,413
- Assets
- $194,167
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JOSEPH LENON (PRESIDENT)
People named in this filing
- ANGELA HUSTON (SECRETARY)
- JOSEPH LENON (PRESIDENT)
- ERICA MORTHORST (REASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Preservation of wetlands in cooperation with the nature conservancy as a means of keeping natural habitat for wildlife. Preserve & protect the ecology; encourage only those uses of property around the lake that will produce a positive impression and a positive environmental impact; to prevent dangerous, injurious or noxious conditions such as pollution, unsanitary conditions on land and water and overcrowding on land and water.
What it reported doing in 2025
Lake safety & healthy lake ecosystem - ltpo promotes safe boating practices by organizing and hosting annual boating safety courses and owns 2 watercraft that are staffed by ltpo volunteers who are trained and deputized by the kosciusko co sheriff's dept. To patrol the 3 lake basins for unsafe/illegal practices and issue citations, if warranted. Navigational and eco-zone bouys are managed by the the ltpo for boating safety and protection of shorelines. Manipulation of the dam is managed by the ltpo as directed by the state of Indiana dnr for flood control. Ltpo has purchased property specifically for ease of access for the eminent construction of a new dam to replace the current dam that has outlived its projected lifespan. Treatment of non-native vegetation and noxious algae is funded annually to increase lake enjoyment.
Operating model
- Revenue model
- Donor-supported. 63% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 96% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 85
- Accountability: 88
- Sustainability: 44
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.1%; rating input score 85
- Program expense ratio: 84.2%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 92.3%; rating input score 92; 55th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: -0.6%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.91; rating input score 38; 38th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: -3.1% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: -2.5% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: -7.1% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 85.1% of revenue deployed · 84.2% of spending went to programs
- Governance: 42 of 42 board members independent · 5 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $181K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants
- Filing history: 9 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.