TORREY HILLS MASTER ASSOCIATION

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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

1998

Legal Domicile

Principal Officer

Brad Fagan

Phone

9512440048

Tax Period

2024-08-01 to 2025-07-31

TORREY HILLS MASTER ASSOCIATION, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $328K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $76K, a strong 23% operating margin.

Mission

MANAGEMENT & MAINTENANCE OF COMMON AREAS.

Program Service Accomplishments

Program 1

Expenses: $239,017 Revenue: $234,601

The Assn. achieved their exempt purpose of maintaining and preserving community common areas and standards via volunteer committees, forums and events.

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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 $0

Program Service Revenue $234,601

Investment Income $93,677

Other Revenue $0

TOTAL REVENUE $328,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $239,017

Other Expenses $251,989

TOTAL EXPENSES $251,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,278	$350,414	-0.1%
Expenses	$251,989	$252,128	0.0%
Net Income	$76,289	$98,286	-0.2%

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
BRAD FAGAN	PRESIDENT	1.00	Officer	$0	$0	$0
VICTOR MARSHALL	VICE-PRESIDENT	1.00	Officer	$0	$0	$0
HEATHER SAIER	DIRECTOR	1.00	Officer	$0	$0	$0
PAUL WENZ	DIRECTOR	1.00	Officer	$0	$0	$0
JIM CRONIN	TREASURER	1.00	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
2025	$328,278	$251,989	$2,853,096	$76,289
2023	$262,304	$177,952	$2,495,352	$84,352
2022	$413,576	$368,238	$2,312,545	$45,338
2021	$226,853	$189,890	$2,369,367	$36,963
2020	$257,818	$188,433	$2,254,445	$69,385
2019	$323,298	$180,104	$2,080,439	$143,194