Danbury Forest Community Associati… - Form 990 Financial Data

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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

1973

Legal Domicile

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 $445K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $131K, a strong 30% operating margin.

Mission

Maintenance of common property

Program Service Accomplishments

Program 1

Expenses: $269,331 Revenue: $444,717

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 $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

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
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

Danbury Forest Community Association