WINDSOR LAKES HOMEOWNERS ASSOC 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

2003

Legal Domicile

Phone

8326784500

Tax Period

2024-01-01 to 2024-12-31

WINDSOR LAKES HOMEOWNERS ASSOC INC, founded in 2003, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

The Association was established to perform services; maintain various common areas and perform community improvements; and enforce covenants of the declaration for a specific geographic area, in order to ensure the safety and welfare of the residents and community.

Program Service Accomplishments

Program 1

Expenses: $1,021,943

The Association provides utilities, security, on site maintenance and management, insurance, community events, sanitation, cable and property taxes for the benefit, safety and welfare of the...

The Association provides utilities, security, on site maintenance and management, insurance, community events, sanitation, cable and property taxes for the benefit, safety and welfare of the residents and visitors to the community.

Program 2

Expenses: $924,555

Association provides maintenance, repairs and improvements to all the common areas within the specific geographic area for the safety,welfare and benefit of the residents and visitors to the...

Association provides maintenance, repairs and improvements to all the common areas within the specific geographic area for the safety,welfare and benefit of the residents and visitors to the community.

Program 3

Expenses: $658,010

All common area landscaping and improvements are performed or contracted by the association for the safety, welfare and benefit of the community and residents.

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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 $2,084,400

Investment Income $50,614

Other Revenue $125,902

TOTAL REVENUE $2,260,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,604,508

Other Expenses $2,687,855

TOTAL EXPENSES $2,687,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,260,916	$2,098,152	+0.1%
Expenses	$2,687,855	$2,337,650	+0.1%
Net Income	$-426,939	$-239,498	+0.8%

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
Patrick Cleary	President	2.00	Officer Director	$0	$0	$0
Harry B VanDam	Vice President	2.00	Officer Director	$0	$0	$0
John Boleslawski	President	2.00	Officer Director	$0	$0	$0
J Mark Rollins	Treasurer	2.00	Officer Director	$0	$0	$0
Patricia Aldridge	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
2024	$2,260,916	$2,687,855	$2,674,317	$-426,939
2023	$2,098,152	$2,337,650	$2,216,718	$-239,498