SPRINGBROOK HOMEOWNERS ASSOCIATION

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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

2009

Legal Domicile

Principal Officer

TOMMY HILL

Phone

2812512292

Tax Period

2024-01-01 to 2024-12-31

SPRINGBROOK HOMEOWNERS ASSOCIATION, founded in 2009, is a small nonprofit that reported $243K in total revenue in fiscal year 2024. Expenses of $268K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ASSOCIATION PROVIDES SERVICES TO THE COMMUNITY AT LARGE TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF ALL IN THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $211,259

THE ASSOCIATION PROVIDES SERVICES TO THE COMMUITY AT LARGE MUCH LIKE A QUASI GOVERNMENTAL UNIT SUCH AS STREETLIGHTS, IRRIGATION, LANDSCAPE, MOSQUITO CONTROL ETC.

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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 $182,625

Program Service Revenue $0

Investment Income $20,559

Other Revenue $39,403

TOTAL REVENUE $242,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,259

Other Expenses $268,182

TOTAL EXPENSES $268,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,587	N/A	N/A
Expenses	$268,182	N/A	N/A
Net Income	$-25,595	N/A	N/A

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

N/A

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	Role	Reportable Comp	Other Comp	Total
TOMMY HILL	PRESIDENT	Officer	$0	$0	$0
EDDIE BARDILLO	VICE PRESIDENT	Officer	$0	$0	$0
LORETTA BOLDEN	SECRETARY	Officer	$0	$0	$0
DARWIN CANALES	DIRECTOR	Officer	$0	$0	$0
NIRRISA PAPAJOHN	DIRECTOR	Officer	$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	No data	No data	No data	No data
2024	$242,587	$268,182	$371,827	$-25,595
2023	$233,247	$252,156	$384,489	$-18,909
2022	$232,163	$306,331	$387,335	$-74,168
2021	$215,283	$206,019	$455,033	$9,264