TURTLE WOODS CORPORATION

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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

1993

Legal Domicile

Principal Officer

JULIE KARAGANIS

Phone

9789221305

Tax Period

2024-01-01 to 2024-12-31

TURTLE WOODS CORPORATION, founded in 1993, is a small nonprofit that reported $948K in total revenue in fiscal year 2024. The organization ran a surplus of $145K, a strong 15% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING AND SERVICES TO LOW INCOME ELDERS.

Program Service Accomplishments

Program 1

Expenses: $715,802 Revenue: $894,614

TO PROVIDE HOUSING FACILITIES FOR USE AND OCCUPANCY BY THE ELDERLY, AGED, AND HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT (1959) & SECTION 8 OF THE US HOUSING ACT (1937).

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $887,585

Investment Income $53,808

Other Revenue $7,029

TOTAL REVENUE $948,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $715,802

Other Expenses $803,706

TOTAL EXPENSES $803,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$948,422	$935,821	+0.0%
Expenses	$803,706	$900,308	-0.1%
Net Income	$144,716	$35,513	+3.1%

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

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
LISA LAPLANTE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE KARAGANIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
NEILAND DOUGLAS	TREASURER	1.00	Officer Director	$0	$0	$0
NELDA QUIGLEY	CLERK	1.00	Officer Director	$0	$0	$0
PAUL LANZIKOS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SCHNEIDER	VICE PRESIDENT	1.00	Officer 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
2024	$948,422	$803,706	$2,496,910	$144,716
2023	$935,821	$900,308	$2,326,658	$35,513
2022	$854,132	$891,645	$2,304,088	$-37,513
2021	$848,923	$853,686	$2,277,712	$-4,763
2020	$808,896	$800,082	$2,273,488	$8,814
2019	$812,226	$768,131	$2,273,145	$44,095
2018	$821,675	$819,212	$2,245,711	$2,463