NonprofitsLake Panorama Association

Lake Panorama Association

PANORA, IA

Total revenue

$6.9M

Total expenses

$7.1M

Net assets

$10.2M

Grants received

EIN

426139366

Tax year

2024

Mission

See schedule o.to control the development, use, and maintanance of all lake panorama residential, recreational, and common service areas.

Programs

3 programs

Oversee the care of the streets, roadways, grounds, beaches and buildings and equipment owned by the association. The 6,000 acre development includes over 43 miles of streets and 3 beaches.

Expenses: $1.3M

Water - supply members with quality water service. Oversee the day to day operations of the water purification plants, wells, and water mains which supply water to the association members.

Expenses: $1.5M

Responsible for silt removal for the purpose of the improvement of lake and water quality. The contract with the lake panorama rural improvement zone (a tax-increment financing district) was for approximately 130,000 cubic yards of silt. Over 200 square miles of land drains into the lake, bringing silt along with it.security - provide a safe and secure environmentdam - control operationsrecreational facilities

Expenses: $1.2M

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$6.0M
Investment income$75K
Other revenue$842K
Total revenue$6.9M

Expenses

Grants paid
Salaries & benefits$2.7M
Fundraising
Other expenses$4.4M
Total expenses$7.1M
Total assets$17.8M
Net assets$10.2M

People

11 listed

NameRoleCompensation

JOHN RUTLEDGE

GENERAL MANAGER - LPA

Board

$197K

40 hrs/wk

DANNA KRAMBEER

LPA-CONTROLLER

Board

$96K

40 hrs/wk

ROYCE SHAFFER

GENERAL MANAGER-LPN

Board

$86K

40 hrs/wk

SANDY LOWE

LPN-CONTROLLER

Board

$60K

40 hrs/wk

DAVID FINNESETH

PRESIDENT

Board

$3K

0.8 hrs/wk

SUSAN THOMPSON

VICE PRESIDENT

Board

$2K

2 hrs/wk

MARK JORGENSEN

SECRETARY

Board

$2K

0.8 hrs/wk

DIRK WESTERCAMP

DIRECTOR

Board

$1K

0.8 hrs/wk

DENNIS FLANERY

TREASURER

Board

$1K

0.8 hrs/wk

JACKSON WHITON

DIRECTOR

Board

$800

0.8 hrs/wk

RACHEL WALDO

DIRECTOR

Board

$800

0.8 hrs/wk

Independent contractors

STA-BILT CONSTRUCTION LLC

SEAL COAT ROADS

$235K

SARGENT DRILLING

WELL REPAIR

$170K

Details

EIN426139366
Subsection04
Ruling date1985-01
Formed1968
Employees97
Volunteers78
LAKE PANORAMA ASSOCIATION — Mission, Financials & Grants Received | Grantivo