NORTH OAKS HOME OWNERS' ASSOCIATION INC (EIN 237126270) - 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

1950

Legal Domicile

Principal Officer

PAUL MCLEAN

Phone

6517927765

Tax Period

2023-01-01 to 2023-12-31

NORTH OAKS HOME OWNERS' ASSOCIATION INC, founded in 1950, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PRESERVE & ENHANCE NORTH OAKS THROUGH OUTSTANDING LEADERSHIP, SERVICE & STEWARDSHIP OF OUR RESOURCES.

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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 $3,312,726

Program Service Revenue $190,138

Investment Income $65,946

Other Revenue $109,111

TOTAL REVENUE $3,677,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $120,460

Fundraising Expenses $0

Program Expenses $3,065,033

Other Expenses $3,516,336

TOTAL EXPENSES $3,636,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,677,921	$3,391,577	+0.1%
Expenses	$3,636,796	$2,872,277	+0.3%
Net Income	$41,125	$519,300	-0.9%

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

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
JOANN HANSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM MACGILLIS	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA ORUD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON KRAUS	DIRECTOR	1.00	Director	$0	$0	$0
MARK HOUGE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW HAWKINS	TREASURER	1.00	Officer Director	$0	$0	$0
KRISTA WOLTER	DIRECTOR	1.00	Director	$0	$0	$0
TED RISDALL	DIRECTOR	1.00	Director	$0	$0	$0
COURTLAND BORLE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MCLEAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL LONG	DIRECTOR	1.00	Director	$0	$0	$0
JULIA HUPPERTS	DIRECTOR	1.00	Director	$0	$0	$0
BECKY ORTTEL	DIRECTOR	1.00	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	$3,677,921	$3,636,796	$5,860,522	$41,125
2022	$3,391,577	$2,872,277	$6,195,880	$519,300
2021	$4,009,438	$3,261,329	$5,590,480	$748,109
2020	$2,535,738	$2,761,423	$4,844,137	$-225,685
2019	$2,170,040	$2,180,743	$3,191,479	$-10,703
2018	$2,302,841	$2,127,713	$2,928,931	$175,128

NORTH OAKS HOME OWNERS' ASSOCIATION INC