FOOTHILL ANTIBES MAINTENANCE CORPO… - 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

1993

Legal Domicile

Principal Officer

BONNIE GATINE

Phone

9497163998

Tax Period

2024-06-01 to 2025-05-31

FOOTHILL ANTIBES MAINTENANCE CORPORATION C/O POWERSTONE, founded in 1993, is a small nonprofit that reported $250K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $315K exceeded revenue, resulting in a 26% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $251,950 Revenue: $7,121

THE ASSOCIATION PROVIDES FOR THE PRESERVATION AND MAINTENANCE OF ARCHITECTURE, GREENBELTS, PAVED SURFACES, MAILBOXES, LIGHTING FOR THE ASSOCIATION AND ITS MEMBERS. IT REGULARLY, THROUGH ITS...

THE ASSOCIATION PROVIDES FOR THE PRESERVATION AND MAINTENANCE OF ARCHITECTURE, GREENBELTS, PAVED SURFACES, MAILBOXES, LIGHTING FOR THE ASSOCIATION AND ITS MEMBERS. 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 $243,154

Program Service Revenue $2,965

Investment Income $4,156

Other Revenue $0

TOTAL REVENUE $250,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $251,950

Other Expenses $315,309

TOTAL EXPENSES $315,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,275	$645,568	-0.6%
Expenses	$315,309	$691,360	-0.5%
Net Income	$-65,034	$-45,792	+0.4%

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
GUY MONDT	MEMBER AT LARGE	5.00	Director	$0	$0	$0
BONNIE GATINE	PRESIDENT	5.00	Officer Director	$0	$0	$0
ORRIT BERNSTEIN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
OWEN MONGAN	SECRETARY	5.00	Officer Director	$0	$0	$0
TOM CONNELL	TREASURER	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
2025	$250,275	$315,309	$482,064	$-65,034
2024	$645,568	$691,360	$461,936	$-45,792
2023	$231,940	$257,273	$787,779	$-25,333
2022	$273,911	$304,065	$624,708	$-30,154
2021	$253,684	$234,537	$602,759	$19,147
2020	$300,171	$313,492	$544,671	$-13,321
2019	$294,334	$217,359	$514,351	$76,975
2018	$262,799	$276,779	$448,349	$-13,980

FOOTHILL ANTIBES MAINTENANCE CORPORATION C/O POWERSTONE