WALDEN ON LAKE CONROE COMMUNITY

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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

1972

Legal Domicile

Phone

9365821622

Tax Period

2023-01-01 to 2023-12-31

WALDEN ON LAKE CONROE COMMUNITY, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $8.1M in total revenue in fiscal year 2023.

Mission

Provide for the maintenance and preservation of the common areas promote the health,safety,and welfare of the community.

Program Service Accomplishments

Program 1

Expenses: $6,987,259 Revenue: $7,364,384

Maintenance and preservation of the common areas.

Program 2

Promotion of social welfare and recreation.

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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 $0

Program Service Revenue $5,971,489

Investment Income $28,865

Other Revenue $2,091,682

TOTAL REVENUE $8,092,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,910,961

Fundraising Expenses $0

Program Expenses $6,987,259

Other Expenses $4,946,917

TOTAL EXPENSES $7,857,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,092,036	$7,624,895	+0.1%
Expenses	$7,857,878	$7,353,619	+0.1%
Net Income	$234,158	$271,276	-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

118

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
Scott Sustman	President	3.00	Officer Director	$0	$0	$0
Barry Smith	Vice President	3.00	Officer Director	$0	$0	$0
Ron Carroll	Treasurer	3.00	Officer Director	$0	$0	$0
Karla Siedule	Secretary	3.00	Director	$0	$0	$0
John McReynolds	Trustee	3.00	Director	$0	$0	$0
Reynaldo Batista	Trustee	3.00	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	$8,092,036	$7,857,878	$7,252,796	$234,158
2022	$7,624,895	$7,353,619	$7,420,932	$271,276
2021	$7,405,584	$7,299,621	$5,919,000	$105,963
2020	$6,658,315	$7,140,070	$5,554,596	$-481,755
2019	$6,812,053	$7,741,937	$6,213,637	$-929,884
2018	$6,547,327	$6,057,306	$6,883,409	$490,021