WESTPARK LAS PALMAS HOMEOWNERS ASS… - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

JULIE ARDEN

Phone

7147791300

Tax Period

2024-01-01 to 2024-12-31

WESTPARK LAS PALMAS HOMEOWNERS ASSOCIATION - C/O CARDINAL, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 5% surplus.

Mission

THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOCIATION ARE TO BRING CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY BY OWNING, OPERATING AND MAINTAINING THE PROPERTIES FOR USE OF ALL RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,215,924 Revenue: $127,798

THE ASSOCIATION PROVIDES FOR THE PRESERVATION AND MAINTENANCE OF ARCHITECTURE, GREENBELTS, SLOPES, LIGHT FIXTURES, SIGNAGE IN THE PLANNED COMMUNITY IN ORANGE COUNTY, CALIFORNIA. IT REGULARLY, THROUGH ITS MAINTENANCE AND PRESERVATION ACTIVITIES, PROVIDES FOR CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS WHICH PROMOTE THE COMMON GOOD, HEALTH, SAFETY AND GENERAL WELFARE OF THE LOCAL COMMUNITY AND THE 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 $1,227,526

Program Service Revenue $21,342

Investment Income $106,456

Other Revenue $0

TOTAL REVENUE $1,355,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,215,924

Other Expenses $1,287,249

TOTAL EXPENSES $1,287,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,355,324	$1,148,379	+0.2%
Expenses	$1,287,249	$1,144,187	+0.1%
Net Income	$68,075	$4,192	+15.2%

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
JULIE ARDEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
BARBARA CLARK	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL FUSCALDO	TREASURER/SECRETARY	5.00	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	$1,355,324	$1,287,249	$2,898,310	$68,075
2023	$1,148,379	$1,144,187	$2,822,398	$4,192
2022	$892,006	$947,558	$2,710,784	$-55,552
2021	$1,239,437	$1,167,920	$2,514,612	$71,517
2020	$1,500,220	$1,579,721	$2,410,067	$-79,501
2019	$905,013	$950,453	$2,802,645	$-45,440
2018	$1,082,040	$761,654	$2,622,116	$320,386

WESTPARK LAS PALMAS HOMEOWNERS ASSOCIATION - C/O CARDINAL