AQUA MAINTENANCE CORPORATION C/O S… - Form 990 Financial Data

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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

MICHAEL DUNFEE

Phone

9498551800

Tax Period

2024-04-01 to 2025-03-31

AQUA MAINTENANCE CORPORATION C/O SEABREEZE, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOCIATION ARE TO BRING CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY BY OWNING, OPERATING AND MAINTAINING THE PROPERTIES FOR USE OF ALL RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,430,568 Revenue: $122,190

THE ASSOCIATION PROVIDES FOR THE PRESERVATION AND MAINTENANCE OF ARCHETECTURE/BUILDING, GREENBELTS, FENCES/GATES, LIGHT FIXTURES, SIGNAGE, ETC. IN THE PLANNED COMMUNITY IN CALIFORNIA. IT REGULARLY...

THE ASSOCIATION PROVIDES FOR THE PRESERVATION AND MAINTENANCE OF ARCHETECTURE/BUILDING, GREENBELTS, FENCES/GATES, LIGHT FIXTURES, SIGNAGE, ETC. IN THE PLANNED COMMUNITY IN CALIFORNIA. IT REGULARLY, THROUGH ITS MAINTENANCE AND PRESERVATION ACTIVITIES, PROVIDES FOR CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS WHICH PROMOTE THE COMMON GOOD, HEALTH, SAFETY AND GENERAL WELFARE OF THE LOCAL COMMUNITY AND THE PUBLIC AT LARGE.

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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 $1,437,382

Program Service Revenue $9,539

Investment Income $112,651

Other Revenue $3,600

TOTAL REVENUE $1,563,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,430,568

Other Expenses $1,575,496

TOTAL EXPENSES $1,575,496

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,563,172	$1,443,982	+0.1%
Expenses	$1,575,496	$1,683,172	-0.1%
Net Income	$-12,324	$-239,190	-0.9%

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 NGUYEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
TIM HURRIANKO	TREASURER	5.00	Officer Director	$0	$0	$0
MICHAEL DUNFEE	SECRETARY	5.00	Officer Director	$0	$0	$0
JOHN DEPABLOS	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
QUINN HIGGINS	MEMBER-AT-LARGE	5.00	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
2025	$1,563,172	$1,575,496	$2,718,185	$-12,324
2024	$1,443,982	$1,683,172	$2,691,022	$-239,190
2023	$1,390,360	$1,361,290	$2,661,315	$29,070
2022	$1,812,473	$1,672,379	$2,561,204	$140,094
2021	$2,199,800	$2,457,387	$2,878,399	$-257,587
2020	$1,408,022	$1,357,413	$4,043,882	$50,609
2019	$1,213,254	$1,287,296	$4,008,243	$-74,042
2018	$1,170,129	$1,083,509	$1,663,889	$86,620

AQUA MAINTENANCE CORPORATION C/O SEABREEZE