Forest Lake Property Owners Assn Of Arenac Co
EIN: 381981162 · Alger, MI
| Metric | Value |
|---|---|
| Total Revenue | $359K |
| Total Expenses | $433K |
| Net Assets | $1.6M |
Is Forest Lake Property Owners Assn Of Arenac Co Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Forest Lake Property Owners Assn Of Arenac Co
Forest Lake Property Owners Assn Of Arenac Co (EIN: 381981162) is a nonprofit organization based in Alger, MI. The organization reported total revenue of $359K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Forest Lake Property Owners Assn Of Arenac Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Forest Lake Property Owners Assn Of Arenac Co is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $297K |
| Total Expenses | $433K |
| Surplus / Deficit | $-136,640 |
| Total Assets | $1.6M |
| Total Liabilities | $6K |
| Net Assets | $1.6M |
| Operating Margin | -46.1% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 45.3 months |
Financial Health Grade: B
In 2024, Forest Lake Property Owners Assn Of Arenac Co reported a deficit of $137K with expenses exceeding revenue, holds 45.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Forest Lake Property Owners Assn Of Arenac Co's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -46.0% | +68.5% | -14.8% |
| 2023 | -60.8% | -31.1% | +18.6% |
| 2022 | +426.6% | -6.7% | +201.2% |
| 2021 | +64.3% | -2.8% | -20.0% |
| 2020 | -42.3% | +29.6% | -27.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Forest Lake Property Owners Assn Of Arenac Co has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Forest Lake Property Owners Assn Of Arenac Co with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Forest Lake Property Owners Assn Of Arenac Co
Is Forest Lake Property Owners Assn Of Arenac Co a legitimate charity?
Forest Lake Property Owners Assn Of Arenac Co (EIN: 381981162) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $359K. No red flags identified. Financial health grade: B.
How does Forest Lake Property Owners Assn Of Arenac Co spend its money?
Forest Lake Property Owners Assn Of Arenac Co reported $359K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Forest Lake Property Owners Assn Of Arenac Co tax-deductible?
Forest Lake Property Owners Assn Of Arenac Co is registered as a tax-exempt nonprofit (EIN: 381981162). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Forest Lake Property Owners Assn Of Arenac Co located?
Forest Lake Property Owners Assn Of Arenac Co is headquartered in Alger, Michigan and files with the IRS under EIN 381981162.
How many years of IRS 990 filings does Forest Lake Property Owners Assn Of Arenac Co have?
Forest Lake Property Owners Assn Of Arenac Co has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $359K in total revenue.
Filing History
IRS 990 filing history for Forest Lake Property Owners Assn Of Arenac Co showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Forest Lake Property Owners Assn Of Arenac Co's revenue has grown by 6.4%, moving from $279K to $297K. Total assets increased by 111.3% over the same period, from $773K to $1.6M. Total functional expenses rose by 57.8%, from $275K to $433K. In its most recent filing year (2024), Forest Lake Property Owners Assn Of Arenac Co reported a deficit of $137K, with expenses exceeding revenue. The organization holds $6K in liabilities against $1.6M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $297K | $433K | $1.6M | $6K | — | — |
| 2023 | $549K | $257K | $1.9M | $66K | — | — |
| 2022 | $1.4M | $373K | $1.6M | $56K | — | View 990 |
| 2021 | $266K | $400K | $537K | $5K | — | View 990 |
| 2020 | $162K | $412K | $671K | $6K | — | View 990 |
| 2019 | $281K | $318K | $922K | $8K | — | View 990 |
| 2018 | $258K | $251K | $958K | $7K | — | View 990 |
| 2017 | $269K | $249K | $954K | $9K | — | View 990 |
| 2016 | $272K | $267K | $934K | $9K | — | View 990 |
| 2015 | $254K | $245K | $927K | $7K | — | View 990 |
| 2014 | $296K | $271K | $919K | $8K | — | View 990 |
| 2013 | $404K | $285K | $892K | $6K | — | View 990 |
| 2012 | $279K | $275K | $773K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $297K, expenses of $433K, and assets of $1.6M (revenue -46.0% year-over-year).
- 2023: Revenue of $549K, expenses of $257K, and assets of $1.9M (revenue -60.8% year-over-year).
- 2022: Revenue of $1.4M, expenses of $373K, and assets of $1.6M (revenue +426.6% year-over-year).
- 2021: Revenue of $266K, expenses of $400K, and assets of $537K (revenue +64.3% year-over-year).
- 2020: Revenue of $162K, expenses of $412K, and assets of $671K (revenue -42.3% year-over-year).
- 2019: Revenue of $281K, expenses of $318K, and assets of $922K (revenue +8.9% year-over-year).
- 2018: Revenue of $258K, expenses of $251K, and assets of $958K (revenue -4.2% year-over-year).
- 2017: Revenue of $269K, expenses of $249K, and assets of $954K (revenue -1.1% year-over-year).
- 2016: Revenue of $272K, expenses of $267K, and assets of $934K (revenue +7.4% year-over-year).
- 2015: Revenue of $254K, expenses of $245K, and assets of $927K (revenue -14.5% year-over-year).
- 2014: Revenue of $296K, expenses of $271K, and assets of $919K (revenue -26.6% year-over-year).
- 2013: Revenue of $404K, expenses of $285K, and assets of $892K (revenue +44.9% year-over-year).
- 2012: Revenue of $279K, expenses of $275K, and assets of $773K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Forest Lake Property Owners Assn Of Arenac Co:
Data Sources and Methodology
This transparency report for Forest Lake Property Owners Assn Of Arenac Co is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.