HALES LOCATION OWNERS ASSOCIATION (EIN 020512444) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

PETER CURRO

Phone

6033568276

Tax Period

2025-01-01 to 2025-12-31

HALES LOCATION OWNERS ASSOCIATION, founded in 1989, is a small nonprofit in the Community Improvement sector that reported $704K in total revenue in fiscal year 2025. The organization ran a surplus of $323K, a strong 46% operating margin.

Mission

THE ASSOCIATION'S PRIMARY PURPOSE IS THE OVERSIGHT AND MAINTENANCE OF RESIDENTIAL PROPERTY USED BY THE HOMEOWNERS AND THE PROTECTION OF EASEMENT RIGHTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $692,528

Investment Income $11,933

Other Revenue $0

TOTAL REVENUE $704,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $351,082

Other Expenses $381,130

TOTAL EXPENSES $381,130

Year-over-Year Comparison

	2025	2024	Change
Revenue	$704,461	$659,496	+0.1%
Expenses	$381,130	$323,027	+0.2%
Net Income	$323,331	$336,469	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER CURRO	TREASURER	2.00	Officer Director	$0	$0	$0
GARY SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
RON SPARKS	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEN PERROTTA	DIRECTOR	2.00	Director	$0	$0	$0
TREVOR SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$704,461	$381,130	$2,002,229	$323,331
2024	$659,496	$323,027	$1,673,622	$336,469
2023	$588,109	$314,785	$1,338,615	$273,324
2022	$524,446	$254,206	$1,064,642	$270,240
2021	$466,543	$210,440	$792,066	$256,103
2020	$418,092	$295,578	$539,285	$122,514
2019	$421,964	$401,611	$415,989	$20,353
2018	$422,307	$425,543	$404,243	$-3,236

HALES LOCATION OWNERS ASSOCIATION