MEADOWOOD RESIDENTS ASSOCIATION

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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

1999

Legal Domicile

Principal Officer

MAUREEN O'CONNOR

Phone

4849984463

Tax Period

2023-07-01 to 2024-06-30

MEADOWOOD RESIDENTS ASSOCIATION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $381K in total revenue in fiscal year 2023. Expenses of $342K left a modest 10% surplus.

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROVIDE A MEANS FOR THE RESIDENTS OF THE MEADOWOOD RETIREMENT COMMUNITY TO SUPPORT RESIDENT'S ACTIVITIES, BOTH SOCIAL AND EDUCATIONAL, AND TO RAISE FUNDS TO BENEFIT THE RETIREMENT COMMUNITY AS A WHOLE AND PROVIDE VARIOUS SERVICES AND PROGRAMS TO SCHOOLS AND OTHER COMMUNITY ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $2,803

A TRIPS AND TRAVEL COMMITTEE PLANNED, ARRANGED AND MANAGED A VARIETY OF TRIPS IN THE FISCAL YEAR. THE TRIPS ARE PLANNED TO BE SELF-LIQUIDATING. AS IN MOST YEARS, THERE ARE DEPOSITS MADE FOR FUTURE...

A TRIPS AND TRAVEL COMMITTEE PLANNED, ARRANGED AND MANAGED A VARIETY OF TRIPS IN THE FISCAL YEAR. THE TRIPS ARE PLANNED TO BE SELF-LIQUIDATING. AS IN MOST YEARS, THERE ARE DEPOSITS MADE FOR FUTURE TRIPS PLANNED FOR THE NEXT FISCAL YEAR.

Program 2

SHOPS THE RESIDENTS ASSOCIATION INCLUDES THREE COMMERCIAL ACTIVITIES: A GIFT SHOP, THRIFT SHOP AND THE CRAFT ROOM. THE GIFT SHOP SELLS MOSTLY TO RESIDENTS AND IT HANDLES A LIMITED LINE OF CLOTHING...

SHOPS THE RESIDENTS ASSOCIATION INCLUDES THREE COMMERCIAL ACTIVITIES: A GIFT SHOP, THRIFT SHOP AND THE CRAFT ROOM. THE GIFT SHOP SELLS MOSTLY TO RESIDENTS AND IT HANDLES A LIMITED LINE OF CLOTHING ARTICLES, MISCELLANEOUS SUNDRIES AND GIFT ITEMS INCLUDING GREETING CARDS. THE THRIFT SHOP SELLS CLOTHING AND FURNITURE AND ACCESSORIES. ALL OF THE ARTICLES FOR SALE ARE DONATED BY RESIDENTS OR RESIDENTS' FAMILIES. EXCESS CLOTHING, FURNITURE AND KITCHEN GOODS ARE REGULARLY DONATED TO LOCAL CHARITIES. THE MAIN CUSTOMER BASE FOR THE THRIFT SHOPS IS THE NEIGHBORING COMMUNITY. THE CRAFT AND WOODSHOP ROOMS SELL CRAFTS. CUSTOMERS INCLUDE RESIDENTS, AS WELL AS MEMBERS OF NEIGHBORING COMMUNITIES. THE WOOD SHOP ALSO HELPS RESIDENTS WITH MINOR REPAIRS. DURING THE FISCAL YEAR, THE GIFT SHOP, GOSLING'S NEST'S OPERATIONS WERE TRANSFERRED TO MEADOWOOD SENIOR LIVING RETIREMENT COMMUNITY WHICH IS ALSO A 501(C)(3) ORGANIZATION.

Program 3

Expenses: $31,457 Revenue: $500

PROGRAMS OF ENTERTAINMENT THE PROGRAM COMMITTEE ARRANGES FOR WEEKLY PROGRAMS FROM SEPTEMBER THROUGH JUNE. THE ENTERTAINMENT CONSISTS OF PROGRAMS BY PROFESSIONAL MUSICIANS OR OTHER PROFESSIONAL...

PROGRAMS OF ENTERTAINMENT THE PROGRAM COMMITTEE ARRANGES FOR WEEKLY PROGRAMS FROM SEPTEMBER THROUGH JUNE. THE ENTERTAINMENT CONSISTS OF PROGRAMS BY PROFESSIONAL MUSICIANS OR OTHER PROFESSIONAL ENTERTAINERS. THESE PROGRAMS ARE TELEVISED ON OUR IN-HOUSE NETWORK AND ARE AVAILABLE TO RESIDENTS IN THE HEALTH CENTER AND IN THE RESIDENCES OF THOSE WHO WISH TO VIEW THE PERFORMANCE AT HOME.

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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 $333,949

Program Service Revenue $7,893

Investment Income $0

Other Revenue $38,870

TOTAL REVENUE $380,712

Expense Breakdown

Grants Paid $257,362

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $337,957

Other Expenses $84,299

TOTAL EXPENSES $341,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$380,712	$361,657	+0.1%
Expenses	$341,661	$315,771	+0.1%
Net Income	$39,051	$45,886	-0.1%

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

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
CONNIE BURNLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
DON FALCONE	CORPORATE AC	1.00	Officer Director	$0	$0	$0
STEVE LOESCH	ASSISTANT TR	1.00	Officer Director	$0	$0	$0
MAUREEN O'CONNOR	PRESIDENT	1.00	Officer Director	$0	$0	$0
GERI SWIFT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARYLAND WANCK	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
DEBORAH WHITELEY	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	$380,712	$341,661	$296,867	$39,051
2023	$361,657	$315,771	$252,317	$45,886
2022	$293,767	$249,715	$206,015	$44,052
2021	$218,749	$189,739	$171,805	$29,010
2020	$228,409	$199,305	$180,940	$29,104
2019	$236,845	$244,465	$136,217	$-7,620