Towne Lake Community Association Inc (EIN 320179715) - 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

2006

Legal Domicile

Principal Officer

Michael Crahan

Phone

2812134132

Tax Period

2023-01-01 to 2023-12-31

Towne Lake Community Association Inc, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $9.0M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $8.6M left a modest 5% surplus.

Mission

To provide security, law enforcement, street lights, architectural zoning and maintain the common areas such as the esplanades, lakes, parks, playgrounds and swimming pool to benefit the entire 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,543,213

Investment Income $92,814

Other Revenue $369,067

TOTAL REVENUE $9,005,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,058,037

Other Expenses $8,572,274

TOTAL EXPENSES $8,572,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,005,094	$7,527,737	+0.2%
Expenses	$8,572,274	$7,650,818	+0.1%
Net Income	$432,820	$-123,081	-4.5%

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
Michael Crahan	President	2.00	Officer Director	$0	$0	$0
Miranda Hadamik	Vice President	2.00	Director	$0	$0	$0
Jennifer Christopher	Secretary	2.00	Director	$0	$0	$0
Alissa Faircloth	Director	2.00	Director	$0	$0	$0
Bill Collier	Director	2.00	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
2024	No data	No data	No data	No data
2023	$9,005,094	$8,572,274	$4,515,947	$432,820
2022	$7,527,737	$7,650,818	$4,924,766	$-123,081
2021	$7,685,021	$7,320,287	$4,256,681	$364,734
2020	$6,437,734	$6,594,904	$3,470,505	$-157,170
2019	$5,917,990	$5,773,003	$3,739,817	$144,987
2018	$5,811,677	$5,331,815	$3,019,731	$479,862

Towne Lake Community Association Inc