FOREST ACRES REST & MERCH ASSN CAR… - 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

2005

Legal Domicile

Principal Officer

JACK OLIVER

Phone

8032510272

Tax Period

2020-01-01 to 2020-12-31

FOREST ACRES REST & MERCH ASSN CARE OF JACK OLIVER POOLS, founded in 2005, is a small nonprofit that reported $247K in total revenue in fiscal year 2020. The organization ran a surplus of $108K, a strong 44% operating margin.

Mission

PROMOTION OF THE INTERESTS OF THE BUSINESSES AND OVERALL COMMUNITY WITHIN THE CITY OF FOREST ACRES, SOUTH CAROLINA

Program Service Accomplishments

Program 1

Expenses: $134,163 Revenue: $236,595

THE ASSOCIATION HOSTED TWO COMMUNITY SOCIAL EVENTS TO PROMOTE THE CITY OF FOREST ACRES AND TO STRENGTHEN THE BONDS AMONG THE MEMBER BUSINESS OWNERS, CITIZENS, CITY OF FOREST ACRES REPRESENTATIVES...

THE ASSOCIATION HOSTED TWO COMMUNITY SOCIAL EVENTS TO PROMOTE THE CITY OF FOREST ACRES AND TO STRENGTHEN THE BONDS AMONG THE MEMBER BUSINESS OWNERS, CITIZENS, CITY OF FOREST ACRES REPRESENTATIVES, AND OTHERS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $246,695

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $246,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,163

Other Expenses $138,528

TOTAL EXPENSES $138,528

Year-over-Year Comparison

	2020	2019	Change
Revenue	$246,695	$229,682	+0.1%
Expenses	$138,528	$230,263	-0.4%
Net Income	$108,167	$-581	-187.2%

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
JACK D OLIVER	PRESIDENT & TREASURER	10.00	Officer Director	$0	$0	$0
DREW T HAMPTON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GEORGE B FISHER	SECRETARY	2.00	Officer Director	$0	$0	$0
E SCOTT REYNOLDS	DIRECTOR	2.00	Director	$0	$0	$0
MATT S WILLIAMS	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
2020	$246,695	$138,528	$109,023	$108,167
2019	$229,682	$230,263	$856	$-581
2018	$215,700	$225,015	$1,437	$-9,315

FOREST ACRES REST & MERCH ASSN CARE OF JACK OLIVER POOLS