Legends Run (Spring) Homeowners' Association Inc (EIN 364543308) - 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

2003

Legal Domicile

Principal Officer

Joe Melchor

Phone

8664732573

Tax Period

2024-01-01 to 2024-12-31

Legends Run (Spring) Homeowners' Association Inc, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $668K in total revenue in fiscal year 2024.

Mission

CIVIC AND SOCIAL WELFARE ORGANIZATION - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND COMMUNITY THROUGH THE FOLLOWING OBJECTIVES

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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 $664,662

Investment Income $3,115

Other Revenue $0

TOTAL REVENUE $667,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $660,600

Other Expenses $677,814

TOTAL EXPENSES $677,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$667,777	$680,381	0.0%
Expenses	$677,814	$709,019	0.0%
Net Income	$-10,037	$-28,638	-0.6%

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
Amber Fusca	Vice President	5.00	Officer Director	$0	$0	$0
Joe Melchor	President	5.00	Officer Director Key Emp	$0	$0	$0
Beth-Rose Richard	Secretary	5.00	Officer Director	$0	$0	$0
Sekai Maswoswe	Director	5.00	Director	$0	$0	$0
Ashley Nicole Johnston	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
2024	$667,777	$677,814	$692,183	$-10,037
2023	$680,381	$709,019	$662,577	$-28,638
2022	$713,444	$872,556	$681,439	$-159,112
2021	$633,408	$749,877	$853,621	$-116,469
2020	$661,063	$457,462	$956,334	$203,601
2019	$663,900	$668,465	$719,331	$-4,565
2018	$643,514	$640,074	$668,097	$3,440

Legends Run (Spring) Homeowners' Association Inc