SILVER RIDGE PARK 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

1968

Legal Domicile

Principal Officer

PHIL CUPO

Phone

7325051081

Tax Period

2024-04-01 to 2025-03-31

SILVER RIDGE PARK ASSOCIATION, founded in 1968, is a small nonprofit that reported $298K in total revenue in fiscal year 2024. The organization ran a surplus of $53K, a strong 18% operating margin.

Mission

HOMEOWNERS ASSOCIATION OF AGE RESTRICTED COMMUNITY PROVIDE CLUBHOUSE AND RECREATIONAL AMENITIES TO ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $237,227 Revenue: $298,481

HOMEOWNERS ASSOCIATION OF AGE RESTRICTED COMMUNITY PROVIDE CLUBHOUSE AND RECREATIONAL AMENITIES TO ITS MEMBERS.

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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 $210,848

Investment Income $19,013

Other Revenue $68,620

TOTAL REVENUE $298,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,568

Fundraising Expenses $0

Program Expenses $237,227

Other Expenses $211,544

TOTAL EXPENSES $245,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,481	$281,680	+0.1%
Expenses	$245,112	$224,638	+0.1%
Net Income	$53,369	$57,042	-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

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

$6,720

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CLARKE	TRUSTEE	5.00	Director	$0	$0	$0
KATHY CONTE	TRUSTEE	5.00	Director	$0	$0	$0
DARLENE DEGENNARO	TRUSTEE	5.00	Director	$0	$0	$0
MARY FIORE	TRUSTEE	5.00	Director	$0	$0	$0
DAVE FUHRMAN	TRUSTEE	5.00	Director	$0	$0	$0
DEBBIE MORIARTY	TRUSTEE	5.00	Director	$0	$0	$0
SUSAN SWAIN	TRUSTEE	5.00	Director	$0	$0	$0
PHIL CUPO	PRESIDENT	20.00	Officer	$0	$0	$0
SCOTT STERN	TREASURER	20.00	Officer	$0	$0	$0
HELEN GRIFFIN	ADMINISTRATIVE SECRETARY	20.00	Officer	$3,360	$0	$3,360
DRU SANGEMINO	RECORDING SECRETARY	20.00	Officer	$3,360	$0	$3,360
OLIVER ORAMAS	VICE PRESIDENT	20.00	Officer	$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	$298,481	$245,112	$706,098	$53,369
2024	$281,680	$224,638	$639,322	$57,042
2023	$224,864	$167,231	$574,687	$57,633
2022	$217,783	$173,522	$514,668	$44,261
2021	$220,075	$191,720	$469,504	$28,355
2020	$214,011	$199,211	$416,296	$14,800
2019	$211,524	$176,151	$421,082	$35,373