MICHAYWE OWNERS 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

1971

Legal Domicile

Principal Officer

MIKE HOEFT

Phone

9899398919

Tax Period

2024-01-01 to 2024-12-31

MICHAYWE OWNERS ASSOCIATION, founded in 1971, is a small nonprofit in the Housing & Shelter sector that reported $994K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $5.2M represent 63 months of operating reserves.

Mission

THE PROMOTION OF SOCIAL WELFARE AND RECREATION.

Program Service Accomplishments

Program 1

Expenses: $998,917

THE PROMOTION OF SOCIAL WELFARE AND RECREATION FOR OVER 1,700 MEMBERS OF THE HOMEOWNER'S ASSOCIATION AND 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 $0

Program Service Revenue $970,653

Investment Income $6,079

Other Revenue $17,209

TOTAL REVENUE $993,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,238

Fundraising Expenses $0

Program Expenses $998,917

Other Expenses $588,679

TOTAL EXPENSES $998,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$993,941	$1,047,555	-0.1%
Expenses	$998,917	$974,556	+0.0%
Net Income	$-4,976	$72,999	-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

117

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
MIKE HOEFT	PRESIDENT	8.00	Officer Director	$0	$0	$0
SARA MILLER	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
GARY HILL	SECRETARY	5.00	Officer Director	$0	$0	$0
TONYA BARGER	TREASURER	5.00	Officer Director	$0	$0	$0
TODD TALLERDAY	DIRECTOR	5.00	Director	$0	$0	$0
MIKE TURNBALL	DIRECTOR	5.00	Director	$0	$0	$0
DENNIS WARLICK	DIRECTOR	5.00	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	$993,941	$998,917	$7,199,453	$-4,976
2023	$1,047,555	$974,556	$7,251,854	$72,999
2022	$1,029,191	$1,000,648	$6,954,996	$28,543
2021	$1,060,504	$974,646	$7,051,305	$85,858
2020	$1,030,887	$973,256	$6,747,291	$57,631
2019	$1,030,203	$955,649	$6,750,561	$74,554
2018	$1,040,431	$928,937	$6,751,391	$111,494