Downey Home Association Inc (EIN 237321984) - 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

1940

Legal Domicile

Principal Officer

David Jackson

Phone

3177843660

Tax Period

2024-07-01 to 2025-06-30

Downey Home Association Inc, founded in 1940, is a micro nonprofit that reported $21K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 85% operating deficit.

Mission

The organizations mission is to hold title to real estate used by the Knights of Columbus, a fraternal organization, and to operate the facilities.

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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 $4,054

Program Service Revenue $0

Investment Income $14,767

Other Revenue $2,060

TOTAL REVENUE $20,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $38,665

TOTAL EXPENSES $38,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,881	$35,569	-0.4%
Expenses	$38,665	$29,871	+0.3%
Net Income	$-17,784	$5,698	-4.1%

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
David Jackson	President	3.00	Officer	$0	$0	$0
Richard White	Vice President	3.00	Officer	$0	$0	$0
Scott Crossen	Treasurer	3.00	Officer	$0	$0	$0
John Szostak	Secretary	3.00	Director	$0	$0	$0
Tim McCarthy	Elected Member	3.00	Director	$0	$0	$0
James Milharcic	Elected Member	3.00	Director	$0	$0	$0
Jeff Veldhof	Elected Member	3.00	Director	$0	$0	$0
Joseph Humbert	Trustee	3.00	Director	$0	$0	$0
John Magee	Trustee	3.00	Director	$0	$0	$0
John Finneran	Trustee	3.00	Director	$0	$0	$0
Michael Ilko	Grand Knight	3.00	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	$20,881	$38,665	$790,107	$-17,784
2024	No data	No data	No data	No data
2023	$52,708	$25,974	$786,780	$26,734
2022	$18,697	$20,447	$764,569	$-1,750
2021	$102,436	$18,856	$766,319	$83,580
2020	$-17,417	$24,975	$682,739	$-42,392
2019	$9,945	$16,721	$725,131	$-6,776
2018	$11,448	$25,597	$737,346	$-14,149

Downey Home Association Inc