FOREST HILLS COMMUNITY ASSOCIATION

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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

JULIE FARNAM

Phone

6176534771

Tax Period

2025-01-01 to 2025-12-31

FOREST HILLS COMMUNITY ASSOCIATION, founded in 1973, is a small nonprofit that reported $208K in total revenue in fiscal year 2025. Expenses of $199K left a modest 4% surplus.

Mission

Homeowners' Association

Program Service Accomplishments

Program 1

Expenses: $151,496 Revenue: $173,793

Regular recurring maintenance of the property to promote the health, safety and welfare of the 130 townhome community.

Program 2

Expenses: $34,328 Revenue: $34,352

Periodic replacement of certain infrastructure components (trees, sprinklers, fencing, stormwater management) in accordance with the most recent Reserve study to promote the health, safety and...

Periodic replacement of certain infrastructure components (trees, sprinklers, fencing, stormwater management) in accordance with the most recent Reserve study to promote the health, safety and welfare of the 130 townhome community.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $199,175

Investment Income $8,969

Other Revenue $0

TOTAL REVENUE $208,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,824

Other Expenses $198,858

TOTAL EXPENSES $198,858

Year-over-Year Comparison

	2025	2024	Change
Revenue	$208,144	$210,868	0.0%
Expenses	$198,858	$187,281	+0.1%
Net Income	$9,286	$23,587	-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
Julie Farnam	President	8.00	Officer Director	$0	$0	$0
Bobby Blabolil	Vice President	4.00	Officer Director	$0	$0	$0
Karen Smith	Treasurer	4.00	Officer Director	$0	$0	$0
Amy Lauger	Secretary (06/2025 - 12/2025)	4.00	Officer Director	$0	$0	$0
Larry Dorsey	Director	4.00	Director	$0	$0	$0
Graham Law	Director	4.00	Director	$0	$0	$0
Janet Bond	Director	4.00	Director	$0	$0	$0
Sebastian Crawford	Director	2.00	Director	$0	$0	$0
Alyson Miniter	Director	2.00	Director	$0	$0	$0
Colette St Hilaire	Director (06/2025 - 12/2025)	2.00	Director	$0	$0	$0
Natasha Pinol	Director (06/2025 - 12/2025)	2.00	Director	$0	$0	$0
Kimberly Spiegel	Director (05/2025 - 12/2025)	4.00	Director	$0	$0	$0
Bob Hood	Director (01/2025-06/2025)	4.00	Director	$0	$0	$0
Prasad Indla	Director (01/2025 - 06/2025)	2.00	Director	$0	$0	$0
Theresa Godwin	Secretary (01/2025 - 05/2025)	4.00	Officer Director	$0	$0	$0
Rachel Dresen	Director (01/2025 - 04/2025)	2	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
2025	$208,144	$198,858	$364,442	$9,286
2024	$210,868	$187,281	$348,196	$23,587