The Grove Frisco Residential Community Inc (EIN 352616909) - 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

2017

Legal Domicile

Principal Officer

Nkos Osekre

Phone

9724582200

Tax Period

2023-01-01 to 2023-12-31

The Grove Frisco Residential Community Inc, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

To care of association property maintenance of the common areas of the association property for the benefit of the neighborhood and management of the amenities.

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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 $948,795

Program Service Revenue $842,071

Investment Income $1,024

Other Revenue $867,560

TOTAL REVENUE $2,659,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,983,728

Other Expenses $2,983,728

TOTAL EXPENSES $2,983,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,659,450	$1,629,087	+0.6%
Expenses	$2,983,728	$2,233,235	+0.3%
Net Income	$-324,278	$-604,148	-0.5%

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
Matt Chase	President	5.00	Director	$0	$0	$0
Jonathan Hockett	Vice President/Treasurer	5.00	Officer Director	$0	$0	$0
Julenne Rushing	Secretary	5.00	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	$2,659,450	$2,983,728	$523,474	$-324,278
2022	$1,629,087	$2,233,235	$482,775	$-604,148
2021	$1,987,022	$1,790,761	$558,637	$196,261
2020	$1,253,744	$1,266,186	$224,906	$-12,442

The Grove Frisco Residential Community Inc