Woodforest Owners Association Inc

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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

7139321122

Tax Period

2024-01-01 to 2024-12-31

Woodforest Owners Association Inc, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $9.4M in total revenue in fiscal year 2024. Expenses of $8.2M left a modest 13% surplus.

Mission

Maintain and preserve all common areas and subsequent additions for the benefit and welfare of the owners and visitors to the community.

Program Service Accomplishments

Program 1

Expenses: $7,935,772

Association performs all maintenance and improvements to the common areas within the communities including but not limited to landscaping, utilities, insurance, and recreation areas for the safety...

Association performs all maintenance and improvements to the common areas within the communities including but not limited to landscaping, utilities, insurance, and recreation areas for the safety, welfare and benefit of the owners and visitors to the 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,195,863

Investment Income $79,636

Other Revenue $2,164,258

TOTAL REVENUE $9,439,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,935,772

Other Expenses $8,240,177

TOTAL EXPENSES $8,240,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,439,757	$9,250,345	+0.0%
Expenses	$8,240,177	$7,921,915	+0.0%
Net Income	$1,199,580	$1,328,430	-0.1%

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

N/A

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
Stephen Barrera	PresidentDeveloper	2.00	Officer Director	$0	$0	$0
Christopher LeBlanc	Vice President	2.00	Officer Director	$0	$0	$0
Natalie Rosser	Director	2.00	Director	$0	$0	$0
Melissa Fenton	SecretaryDev	2.00	Officer Director	$0	$0	$0
Katie Ivanics	Treasurer	2.00	Officer 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
2024	$9,439,757	$8,240,177	$10,038,555	$1,199,580
2023	$9,250,345	$7,921,915	$8,781,576	$1,328,430
2022	$8,572,714	$6,852,941	$7,440,956	$1,719,773
2021	$9,874,039	$9,962,859	$5,341,273	$-88,820
2020	$6,562,482	$6,526,654	$4,452,566	$35,828
2019	$5,613,846	$5,697,990	$4,186,091	$-84,144