Inverness Forest Association Inc

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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

1969

Legal Domicile

Principal Officer

Bernal Jimenez

Phone

3019247355

Tax Period

2024-01-01 to 2024-12-31

Inverness Forest Association Inc, founded in 1969, is a small nonprofit that reported $307K in total revenue in fiscal year 2024. Expenses of $264K left a modest 14% surplus.

Mission

Maintenance of common property

Program Service Accomplishments

Program 1

Expenses: $186,313 Revenue: $306,659

The Association was organized to collectively maintain and preserve commonly owned properties 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 $292,562

Program Service Revenue $0

Investment Income $14,097

Other Revenue $0

TOTAL REVENUE $306,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,313

Other Expenses $264,205

TOTAL EXPENSES $264,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$306,659	$291,307	+0.1%
Expenses	$264,205	$268,609	0.0%
Net Income	$42,454	$22,698	+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

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
Bernal Jimenez	President	N/A	Officer	$0	$0	$0
Penny Khan	Vice President	N/A	Officer	$0	$0	$0
Danny Uhr	Secretary	N/A	Officer	$0	$0	$0
Chris Dromerick	Director	N/A	Director	$0	$0	$0
Mandy Littlepage	Director	N/A	Director	$0	$0	$0
Victor Cid	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	$306,659	$264,205	$734,412	$42,454
2023	$291,307	$268,609	$681,914	$22,698
2022	$275,951	$273,117	$643,578	$2,834
2021	$269,059	$200,905	$631,650	$68,154
2020	$261,922	$246,935	$568,638	$14,987
2020	$261,922	$236,918	$568,638	$25,004
2019	$258,684	$182,738	$546,362	$75,946
2018	$248,550	$220,607	$1,736,477	$27,943