SUMMIT COMMUNITY ASSOCIATION C/O FIRSTSERVICE RESIDENTIAL (EIN 330400250) - 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

1989

Legal Domicile

Principal Officer

MAJID MALEKI

Phone

9494486000

Tax Period

2024-01-01 to 2024-12-31

SUMMIT COMMUNITY ASSOCIATION C/O FIRSTSERVICE RESIDENTIAL, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024. The organization ran a surplus of $467K, a strong 21% operating margin.

Mission

THE ASSOCIATION IS OBLIGATED TO MAINTAIN LANDSCAPING AND COMMON AREAS AND PARKS ACCESSIBLE TO THE COMMUNITY AND THE GENERAL 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 $1,968,853

Program Service Revenue $0

Investment Income $263,600

Other Revenue $19,950

TOTAL REVENUE $2,252,403

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,478,849

Other Expenses $1,785,024

TOTAL EXPENSES $1,785,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,252,403	$2,220,314	+0.0%
Expenses	$1,785,024	$1,807,854	0.0%
Net Income	$467,379	$412,460	+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
MAJID MALEKI	PRESIDENT	2.00	Officer	$0	$0	$0
STEVE FEITLIN	V.P.	2.00	Officer	$0	$0	$0
WILLIAM VAN WINKLE	SECRETARY	2.00	Officer	$0	$0	$0
LESLIE LUZAR	TREASURER	2.00	Officer	$0	$0	$0
TERRY HESTER	MEMBER AT LARGE	2.00	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	$2,252,403	$1,785,024	$7,773,212	$467,379
2023	$2,220,314	$1,807,854	$7,326,584	$412,460
2022	$2,020,656	$1,846,880	$6,860,425	$173,776
2021	$1,877,188	$1,609,581	$6,782,195	$267,607
2020	$1,918,943	$1,691,366	$6,395,290	$227,577

SUMMIT COMMUNITY ASSOCIATION C/O FIRSTSERVICE RESIDENTIAL