TRURO HOMES ASSOCIATION INC (EIN 237069320) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

KEVIN BRANDT

Phone

7037275034

Tax Period

2023-01-01 to 2023-12-31

TRURO HOMES ASSOCIATION, founded in 1968, is a small nonprofit that reported $375K in total revenue in fiscal year 2019. Expenses of $354K left a modest 6% surplus.

Mission

MAINTENANCE AND MANAGEMENT OF THE HOMEOWNERS' ASSOCIATION

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $464,708

Investment Income $7,175

Other Revenue $0

TOTAL REVENUE $471,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,209

Fundraising Expenses $0

Program Expenses $395,028

Other Expenses $364,819

TOTAL EXPENSES $395,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$471,883	$440,286	+0.1%
Expenses	$395,028	$377,398	+0.0%
Net Income	$76,855	$62,888	+0.2%

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

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

$3,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC HERSHAFT	Treasurer	10.00	Officer	$3,675	$0	$3,675
KEVIN BRANDT	President	10.00	Officer Director	$0	$0	$0
KAREN WALLACE	Secretary	10.00	Officer Director	$0	$0	$0
JILL BATTAGLIA	Vice President	10.00	Officer Director	$0	$0	$0
BRANDON LUCADO	Director	10.00	Director	$0	$0	$0
CATHERINE BACKMEYER	Director	10.00	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
2024	No data	No data	No data	No data
2023	$471,883	$395,028	$506,398	$76,855
2022	$440,286	$377,398	$423,034	$62,888
2021	$372,883	$352,010	$350,140	$20,873
2020	$329,645	$332,278	$329,519	$-2,633
2019	$374,697	$353,667	$334,115	$21,030

TRURO HOMES ASSOCIATION INC