DISCOVERY HOMEOWNERS ASSOCIATION INC (EIN 237178968) - 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

1971

Legal Domicile

Principal Officer

JENNIFER GOODMAN

Phone

3018452050

Tax Period

2024-01-01 to 2024-12-31

DISCOVERY HOMEOWNERS ASSOCIATION INC, founded in 1971, is a small nonprofit that reported $505K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE ORGANIZATION WAS ORGANIZED TO COLLECTIVELY MAINTAIN AND PRESERVE THE COMMONLY OWNED PROPERTY AND AMENITIES FOR THE PLEASURE AND BENEFIT OF THE 655 HOMES AND 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 $500,119

Investment Income $4,635

Other Revenue $0

TOTAL REVENUE $504,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,461

Fundraising Expenses $0

Program Expenses $379,585

Other Expenses $469,587

TOTAL EXPENSES $510,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$504,754	$453,012	+0.1%
Expenses	$510,048	$593,296	-0.1%
Net Income	$-5,294	$-140,284	-1.0%

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

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

$3,706

Total Directors

$19,936

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER GOODMAN	PRESIDENT	0.50	Officer Director	$3,706	$0	$3,706
PAUL FIUMARA	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ROBERT THORNTON	TREASURER	0.50	Officer Director	$0	$0	$0
DOUGLAS SHOEMAKER	MEMBER	0.50	Director	$16,230	$0	$16,230
ESTHER-MARIE EMSLIE	MEMBER	0.50	Director	$0	$0	$0
BOBBY BROWN	MEMBER	0.50	Director	$0	$0	$0
ANNIE RODRIGUEZ	MEMBER	0.50	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	$504,754	$510,048	$434,194	$-5,294
2023	$453,012	$593,296	$433,494	$-140,284
2022	$459,925	$570,209	$578,603	$-110,284
2021	$529,029	$583,137	$632,085	$-54,108
2020	$489,948	$313,033	$659,220	$176,915
2019	$430,759	$327,266	$523,308	$103,493
2018	$446,458	$295,816	$352,552	$150,642

DISCOVERY HOMEOWNERS ASSOCIATION INC