Providence Master Homeowners Association (EIN 200794474) - 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

2003

Legal Domicile

Principal Officer

Edward Stergar Jr

Phone

7022482262

Tax Period

2024-01-01 to 2024-12-31

Providence Master Homeowners Association, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 14% surplus.

Mission

Association common area maintenance and management.

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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 $0

Investment Income $146,876

Other Revenue $3,321,621

TOTAL REVENUE $3,468,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,971,326

Other Expenses $2,980,545

TOTAL EXPENSES $2,980,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,468,497	$2,669,586	+0.3%
Expenses	$2,980,545	$2,815,935	+0.1%
Net Income	$487,952	$-146,349	-4.3%

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
Joseph Van Dyke	Director	1.00	Director	$0	$0	$0
Edward Stergar Jr	President	1.00	Officer Director	$0	$0	$0
Timothy Gregart	Secretary	1.00	Officer Director	$0	$0	$0
Shauna Turner	Treasurer	1.00	Officer Director	$0	$0	$0
Philip Chapman	Director	1.00	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
2024	$3,468,497	$2,980,545	$6,932,658	$487,952
2023	$2,669,586	$2,815,935	$5,831,227	$-146,349
2022	$2,989,162	$2,784,752	$5,036,752	$204,410
2021	$4,533,387	$3,634,965	$3,203,236	$898,422
2020	$5,596,864	$7,059,369	$3,217,318	$-1,462,505

Providence Master Homeowners Association