Danbury Forest Community Association

EIN: 237194357

Springfield, VA

Total Revenue
$444,717
Total Expenses
$313,456
Total Assets
$771,577
Net Assets
$710,478
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
VA
Principal Officer
Clyde Harmon
Phone
7033238858
Tax Period
2024-01-01 to 2024-12-31

Danbury Forest Community Association, founded in 1973, is a small nonprofit that reported $485K in total revenue in fiscal year 2020. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $852K exceeded revenue, resulting in a 76% operating deficit.

Mission

Maintenance of common property

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $388,395
Program Service Revenue $0
Investment Income $28,410
Other Revenue $27,912
TOTAL REVENUE $444,717

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $269,331
Other Expenses $313,456
TOTAL EXPENSES $313,456

Year-over-Year Comparison

2024 2023 Change
Revenue $444,717 $403,539 +0.1%
Expenses $313,456 $341,092 -0.1%
Net Income $131,261 $62,447 +1.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Clyde Harmon President N/A
Officer
$0 $0 $0
Justin McGovern Vice President N/A
Officer
$0 $0 $0
Nick Liverani Treasurer N/A
Officer
$0 $0 $0
Bridgette Farrow Secretary N/A
Officer
$0 $0 $0
Martin Keene Member 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 $444,717 $313,456 $771,577 $131,261
2023 $403,539 $341,092 $718,539 $62,447
2022 $336,924 $337,771 $614,653 $-847
2021 $387,558 $308,399 $681,298 $79,159
2020 $485,024 $851,977 $553,992 $-366,953
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