ASSOCIATIONS OF FIRST COLONYINC

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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

2004

Legal Domicile

Principal Officer

DAVID PELLA

Phone

2816349500

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATIONS OF FIRST COLONYINC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $922K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

(A) PROVIDING FOR THE MAINTENANCE AND PRESERVATION OF CERTAIN BOULEVARDS, GREENBELT AREA AND/OR RESERVES THROUGHOUT FIRST COLONY, A MASTER PLANNED, MIXED USE DEVELOPMENT LOCATED IN FORT BENT COUNTY, TEXAS; (B) PROMOTING COMMUNITY RELATIONSHIP THROUGHOUT FIRST COLONY; (C) ENGAGING IN PROJECTS AND SPECIAL EVENTS DEEMED TO BE OF GENERAL BENEFIT OF MEMBERS OF AFC; AND (D) PROVIDING A LIAISON BETWEEN LOCAL MUNICIPALITIES AND/OR GOVERNMENTAL AGENCIES AND THE FIRST COLONY COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $900,805 Revenue: $921,992

PROVIDING FOR THE MAINTENANCE AND PRESERVATION OF CERTAIN BOULEVARDS, GREEN BELT AREA AND/OR RESERVES THROUGHOUT FIRST COLONY.

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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 $921,992

Investment Income $69

Other Revenue $0

TOTAL REVENUE $922,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $900,805

Other Expenses $921,605

TOTAL EXPENSES $921,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$922,061	$808,171	+0.1%
Expenses	$921,605	$914,635	+0.0%
Net Income	$456	$-106,464	-1.0%

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
KAREN HOWELL	DIRECTOR	2.00	Director	$0	$0	$0
MICKEY SUHL	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
PHYLLIS MURRAY	DIRECTOR	2.00	Director	$0	$0	$0
RICK CONLEY	DIRECTOR	2.00	Director	$0	$0	$0
BILL SARGENT	PRESIDENT	2.00	Officer	$0	$0	$0
KARL SCHULER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
DIANE JOHNSTON	SECRETARY/TREASURER	2.00	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
2024	No data	No data	No data	No data
2023	$922,061	$921,605	$199,852	$456
2022	$808,171	$914,635	$321,430	$-106,464
2022	$808,171	$914,635	$321,430	$-106,464
2021	$739,791	$793,716	$213,885	$-53,925
2019	$852,470	$832,264	$221,352	$20,206
2018	$858,947	$836,026	$205,085	$22,921