HEMLOCK FARMS COMMUNITY ASSOCIATION (EIN 231708366) - 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

1979

Legal Domicile

Principal Officer

MICHAEL GUTIERREZ

Tax Period

2023-01-01 to 2023-12-31

HEMLOCK FARMS COMMUNITY ASSOCIATION, founded in 1979, is a mid-sized nonprofit that reported $13.3M in total revenue in fiscal year 2023. Expenses of $11.9M left a modest 10% surplus.

Mission

HEMLOCK FARMS COMMUNITY ASSOCIATION WAS ORGANIZED TO PROVIDE FOR THE CURRENT OPERATIONS AND FUTURE MAINTENANCE OF COMMON PROPERTY AT HEMLOCK FARMS AND PROVIDE SERVICES TO ITS MEMBERS

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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 $5,214

Program Service Revenue $11,778,870

Investment Income $331,846

Other Revenue $1,172,198

TOTAL REVENUE $13,288,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,456,909

Fundraising Expenses $0

Program Expenses $10,326,641

Other Expenses $6,447,291

TOTAL EXPENSES $11,904,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,288,128	$12,589,126	+0.1%
Expenses	$11,904,200	$11,917,837	0.0%
Net Income	$1,383,928	$671,289	+1.1%

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

222

Volunteers

200

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

$201,210

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHAUN NORDLIE	ASSOCIATION MANAGER	50.00	Officer	$176,345	$24,865	$201,210
JOHN WORMUTH	ASST SECRETARYASST COMM M	40.00	Highest	$120,744	$12,511	$133,255
ANN MARIE DRAKE	COMPTROLLER	50.00	Highest	$108,559	$4,424	$112,983
TRACY MILLER	BOARD MEMBER	5.00	Director	$0	$0	$0
ALLA ROYTBERG	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL SMOLENSKI	BOARD MEMBER	5.00	Director	$0	$0	$0
JAMES SANTOMENNA	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBERT RODIA	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN HANNICK	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL GUTIERREZ	TREASURER	5.00	Officer Director	$0	$0	$0
MICHAEL PECHERSKY	ASST TREASURER	5.00	Officer Director	$0	$0	$0
PHILIP GUARRAIA	SECRETARY	5.00	Officer 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	No data	No data	No data	No data
2023	$13,288,128	$11,904,200	$28,591,678	$1,383,928
2022	$12,589,126	$11,917,837	$27,207,050	$671,289
2021	$12,038,926	$10,917,230	$26,523,624	$1,121,696
2020	$12,342,351	$9,801,835	$26,822,348	$2,540,516
2019	$12,253,281	$11,165,090	$24,564,998	$1,088,191
2018	$11,832,023	$10,664,665	$23,883,952	$1,167,358

HEMLOCK FARMS COMMUNITY ASSOCIATION