KINGS FOREST COMMUNITY ASSOCIATION… - 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

1972

Legal Domicile

Principal Officer

WILLIAM A KOERNER

Phone

7133297100

Tax Period

2021-01-01 to 2021-12-31

KINGS FOREST COMMUNITY ASSOCIATIONINC, founded in 1972, is a small nonprofit that reported $195K in total revenue in fiscal year 2021. Expenses of $180K left a modest 8% surplus.

Mission

MAINTENANCE AND PRESERVATION OF THE COMMON PROPERTIES AND SOCIAL WELFARE OF THE COMMUNITY AT LARGE.

Program Service Accomplishments

Program 1

Expenses: $151,819 Revenue: $195,299

MAINTENANCE AND PRESERVATION OF THE COMMON PROPERTIES AND SOCIAL WELFARE OF THE COMMUNITY AT LARGE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $195,035

Investment Income $264

Other Revenue $0

TOTAL REVENUE $195,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,819

Other Expenses $180,191

TOTAL EXPENSES $180,191

Year-over-Year Comparison

	2021	2020	Change
Revenue	$195,299	$197,322	0.0%
Expenses	$180,191	$187,769	0.0%
Net Income	$15,108	$9,553	+0.6%

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
WILLIAM A KOERNER	PRESIDENT	2.00	Director	$0	$0	$0
ROBERT J REHAK	VICE PRESIDENT	2.00	Director	$0	$0	$0
JONATHAN R MILLICAN	DIRECTOR	2.00	Director	$0	$0	$0
CYNDY BROWN	SECRETARY	2.00	Officer	$0	$0	$0
THEUNIS MYBURG	TREASURER	2.00	Officer	$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
2021	$195,299	$180,191	$328,304	$15,108
2020	$197,322	$187,769	$317,424	$9,553

KINGS FOREST COMMUNITY ASSOCIATIONINC