THE HIGHLANDS AT TROPHY CLUB HOMEOWNERS ASSOCIATION INC (EIN 263057000) - 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

2008

Legal Domicile

Phone

8008084882

Tax Period

2024-01-01 to 2024-12-31

THE HIGHLANDS AT TROPHY CLUB HOMEOWNERS ASSOCIATION INC, founded in 2008, is a small nonprofit that reported $600K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $683K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE MAINTENANCE AND PRESERVATION OF THE COMMON AREAS WHICH BENEFIT THE COMMUNITY AND PUBLIC 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $39,220

Other Revenue $560,824

TOTAL REVENUE $600,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $683,046

TOTAL EXPENSES $683,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$600,044	$525,084	+0.1%
Expenses	$683,046	$388,392	+0.8%
Net Income	$-83,002	$136,692	-1.6%

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
RENEE ONGARO	PRESIDENT	1.00	Officer	$0	$0	$0
GARRY L ASH	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
JOSHUA HERZIG	TREASURER	1.00	Officer	$0	$0	$0
TOM CORRADINO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FOX	MEMBER	1.00	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
2024	$600,044	$683,046	$1,334,746	$-83,002
2023	$525,084	$388,392	$1,322,573	$136,692
2022	$534,836	$433,874	$1,115,301	$100,962
2021	$459,808	$210,932	$980,762	$248,876

THE HIGHLANDS AT TROPHY CLUB HOMEOWNERS ASSOCIATION INC