TURNBERRY AT TROPHY CLUB HOMEOWNERS ASSOCIATION INC (EIN 263517461) - 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

Principal Officer

GLENN NEWMAN

Phone

8008084882

Tax Period

2024-01-01 to 2024-12-31

TURNBERRY AT TROPHY CLUB HOMEOWNERS ASSOCIATION INC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $161K in total revenue in fiscal year 2024. Expenses of $138K left a modest 14% surplus.

Mission

THIS ORGANIZATION IS A HOMEOWNERS ASSOCIATION SO THE ORGANIZATIONS MISSION IS 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 $7,645

Other Revenue $153,074

TOTAL REVENUE $160,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $137,855

TOTAL EXPENSES $137,855

Year-over-Year Comparison

	2024	2023	Change
Revenue	$160,719	$156,883	+0.0%
Expenses	$137,855	$201,846	-0.3%
Net Income	$22,864	$-44,963	-1.5%

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
GLENN NEWMAN	PRESIDENT	1.00	Officer	$0	$0	$0
CINDY GREEN	SECRETARY	1.00	Officer	$0	$0	$0
JOHN ARTUSO	MEMBER AT LARGE	1.00	Officer	$0	$0	$0
EDWARD A LACOST	MEMBER	1.00	Officer	$0	$0	$0
NIC CHENEWETH	MEMBER AT LARGE	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	$160,719	$137,855	$250,793	$22,864
2023	$156,883	$201,846	$216,030	$-44,963
2022	$150,307	$124,116	$309,879	$26,191

TURNBERRY AT TROPHY CLUB HOMEOWNERS ASSOCIATION INC