STONE RIDGE ASSOCIATION INC

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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

2001

Legal Domicile

Principal Officer

MICHAEL RHODES

Phone

7033275179

Tax Period

2023-01-01 to 2023-12-31

STONE RIDGE ASSOCIATION INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $5.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO MAINTAIN AND REPAIR THE COMMON PROPERTY OF THE ASSOCIATION

Program Service Accomplishments

Program 1

Expenses: $4,080,977 Revenue: $4,761,742

THE ASSOCATION WAS ORGANIZED TO COLLECTIVELY MAINTAIN AND PRESERVE THE COMMONLY OWNED PROPERTY AND AMENITIES FOR THE PLEASURE AND BENEFIT OF THE GENERAL PUBLIC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,591,631

Investment Income $117,685

Other Revenue $170,111

TOTAL REVENUE $4,879,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $929,778

Fundraising Expenses $0

Program Expenses $4,080,977

Other Expenses $4,610,855

TOTAL EXPENSES $5,540,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,879,427	$4,492,560	+0.1%
Expenses	$5,540,633	$4,366,157	+0.3%
Net Income	$-661,206	$126,403	-6.2%

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

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

$176,027

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE HARROVER	DIRECTOR	0.00	Director	$0	$0	$0
PATRICK BATU	DIRECTOR	0.00	Director	$0	$0	$0
CHRISTOPHER KIMREY	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL RHODES	PRESIDENT	0.00	Officer	$0	$0	$0
MADHAVA MADIREDDY	VICE-PRESIDENT	0.00	Officer	$0	$0	$0
JAMEL SPARKES	TREASURER	0.00	Officer	$0	$0	$0
RAMI MUDRATHI	SECRETARY	0.00	Officer	$0	$0	$0
LOIS BEAULNE	GENERAL MANAGER	40.00	Key Emp	$176,027	$0	$176,027

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	No data	No data	No data	No data
2023	$4,879,427	$5,540,633	$6,425,488	$-661,206
2022	$4,492,560	$4,366,157	$6,921,005	$126,403
2021	$4,345,999	$3,872,341	$6,806,491	$473,658
2020	$4,532,788	$3,612,977	$6,391,677	$919,811