ACQUILUS CONDOMINIUM ASSN INC (EIN 201428308) - 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

2005

Principal Officer

WAYNE FORET'

Phone

9043392062

Tax Period

2025-01-01 to 2025-12-31

ACQUILUS CONDOMINIUM ASSN INC, founded in 2005, is a small nonprofit that reported $860K in total revenue in fiscal year 2025. The organization ran a surplus of $215K, a strong 25% operating margin.

Mission

ADMINISTER THE OPERATION AND MANAGEMENT OF 48 CONDOMINIUMS KNOWN AS ACQUILUS CONDOMINIUMS

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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 (2025)

Revenue Breakdown

Contributions & Grants $823,800

Program Service Revenue $0

Investment Income $17,017

Other Revenue $19,378

TOTAL REVENUE $860,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $644,939

TOTAL EXPENSES $644,939

Year-over-Year Comparison

	2025	2024	Change
Revenue	$860,195	$870,589	0.0%
Expenses	$644,939	$570,472	+0.1%
Net Income	$215,256	$300,117	-0.3%

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
WAYNE FORET'	PRESIDENT/D	N/A	Officer	$0	$0	$0
JOHN WRIGHT JR	SECRETARRY/O	N/A	Officer	$0	$0	$0
JERRY RICHTER	DIRECTOR	N/A	Officer	$0	$0	$0
WAYNE VARNADORE	TREASURER/O	N/A	Officer	$0	$0	$0
TRACY WIND	VICE PRESIDE	N/A	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	$860,195	$644,939	$608,210	$215,256
2024	$870,589	$570,472	$392,954	$300,117
2023	$501,603	$593,332	$92,837	$-91,729
2022	$476,439	$473,710	$184,566	$2,729
2021	$460,598	$550,322	$181,837	$-89,724
2020	$466,244	$450,732	$271,561	$15,512
2019	$421,526	$494,279	$256,749	$-72,753
2018	$445,698	$454,852	$328,802	$-9,154

ACQUILUS CONDOMINIUM ASSN INC