Burke Townhouse Homeowners Associa… - 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

1971

Legal Domicile

Principal Officer

Cindy Brown

Phone

7035699880

Tax Period

2024-01-01 to 2024-12-31

Burke Townhouse Homeowners Association Inc, founded in 1971, is a small nonprofit that reported $248K in total revenue in fiscal year 2024. The organization ran a surplus of $47K, a strong 19% operating margin.

Mission

Maintain commonly owned property

Program Service Accomplishments

Program 1

Expenses: $152,934 Revenue: $248,407

The Association was organized to collectively maintain and preserve the commonly owned property and amenities for the pleasure and benefit of the general public.

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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 $235,030

Program Service Revenue $0

Investment Income $13,377

Other Revenue $0

TOTAL REVENUE $248,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $152,934

Other Expenses $201,021

TOTAL EXPENSES $201,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,407	$241,612	+0.0%
Expenses	$201,021	$198,286	+0.0%
Net Income	$47,386	$43,326	+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

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
Cindy Brown	President	N/A	Officer	$0	$0	$0
Colleen Walacavage	Vice-President	N/A	Officer	$0	$0	$0
Kevin Brown	Treasurer	N/A	Officer	$0	$0	$0
Justin Isaac	Secretary	N/A	Officer	$0	$0	$0
Douglas Erickson	Director	N/A	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	$248,407	$201,021	$373,395	$47,386
2023	$241,612	$198,286	$319,923	$43,326
2022	$226,020	$193,424	$277,436	$32,596
2021	$208,161	$181,377	$252,313	$26,784
2020	$209,171	$176,812	$223,440	$32,359

Burke Townhouse Homeowners Association Inc