ROCKSHIRE ASSOCIATION INC (EIN 237194352) - 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

1970

Legal Domicile

Principal Officer

BORIS LANGER

Phone

3019244050

Tax Period

2023-01-01 to 2023-12-31

ROCKSHIRE ASSOCIATION INC, founded in 1970, is a small nonprofit that reported $628K in total revenue in fiscal year 2023. Expenses of $539K left a modest 14% surplus.

Mission

THE ASSOCIATION WAS FORMED TO PROMOTE THE RECREATION, HEALTH, SAFETY AND WELFARE OF THE RESIDENTS OF THE PROPERTY AND TO OVERSEE THE IMPROVEMENT AND MAINTENANCE OF THE COMMON AREAS. THERE ARE 348 TOWHHOMES AND 296 SINGLE- FAMILY HOMES IN THE ASSOCIATION

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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 $602,910

Investment Income $23,185

Other Revenue $1,819

TOTAL REVENUE $627,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $485,026

Other Expenses $538,609

TOTAL EXPENSES $538,609

Year-over-Year Comparison

	2023	2022	Change
Revenue	$627,914	$587,073	+0.1%
Expenses	$538,609	$440,416	+0.2%
Net Income	$89,305	$146,657	-0.4%

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

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
PAM BALLARD	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE L BOEGEL	PRESIDENT	2.00	Officer Director	$0	$0	$0
BENJAMIN DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
VERONICA GARBIC-BOARD	DIRECTOR	2.00	Director	$0	$0	$0
JOANNA GOTTESMAN	DIRECTOR	2.00	Director	$0	$0	$0
BORIS LANGER	TREASURER	2.00	Officer Director	$0	$0	$0
ROWENA DE LEON	DIRECTOR	2.00	Director	$0	$0	$0
BENJAMIN SHOEMAKER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
NATALIE THOMAS	SECRETARY	2.00	Officer 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	$627,914	$538,609	$1,069,950	$89,305
2022	$587,073	$440,416	$953,490	$146,657
2021	$565,892	$442,274	$822,579	$123,618
2020	$527,289	$430,680	$629,132	$96,609
2019	$562,336	$506,597	$582,952	$55,739
2018	$513,914	$804,885	$470,869	$-290,971

ROCKSHIRE ASSOCIATION INC