Southfields Owners Association Inc (EIN 273563708) - 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

1999

Legal Domicile

Principal Officer

DAVID MOORE

Phone

6099021920

Tax Period

2024-01-01 to 2024-12-31

Southfields Owners Association Inc, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 4% surplus.

Mission

SOUTHFIELDS OWNERS ASSOCIATION, INC. MAINTAINS THE PERIMETER OF AN OFFICE DEVELOPMENT & SETS ASIDE CERTAIN PARCELS FOR RECREATIONAL FACILITIES TO BE MADE AVAILABLE TO THE PUBLIC

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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 $2,009,794

Program Service Revenue $0

Investment Income $0

Other Revenue $5,000

TOTAL REVENUE $2,014,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,957

Fundraising Expenses $0

Program Expenses $1,829,981

Other Expenses $1,788,518

TOTAL EXPENSES $1,933,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,014,794	$1,366,226	+0.5%
Expenses	$1,933,475	$1,690,938	+0.1%
Net Income	$81,319	$-324,712	-1.3%

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 MOORE	PRESIDENT	1.0	Officer Director	$0	$0	$0
Harold Campbell	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
David Dafilou	Vice President	1.0	Officer Director	$0	$0	$0
KEN NEGRI	BOARD MEMBER	1.0	Director	$0	$0	$0
TULI GREEN	BOARD MEMBER	1.0	Director	$0	$0	$0
CHIP ERIKSON	BOARD MEMBER	1.0	Director	$0	$0	$0
MIKE ROARTY	BOARD MEMBER	1.0	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	$2,014,794	$1,933,475	$262,075	$81,319
2023	$1,366,226	$1,690,938	$180,756	$-324,712
2022	$2,845,042	$2,466,249	$505,468	$378,793
2021	$1,693,252	$1,847,038	$126,675	$-153,786
2020	$1,849,696	$1,927,203	$280,461	$-77,507
2019	$1,887,266	$1,855,048	$357,968	$32,218
2018	$1,944,448	$1,854,890	$325,750	$89,558

Southfields Owners Association Inc