Russell Island Property Owners Associati (EIN 381967843) - 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

1954

Legal Domicile

Phone

7347320273

Tax Period

2024-07-01 to 2025-06-30

Russell Island Property Owners Associati, founded in 1954, is a small nonprofit that reported $232K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $290K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ORGANIZATIONS MISSION IS TO PROVIDE MAINTENANCE TO COMMON AREAS, IMPROVE ACCESS TO PROPERTY, AND TO PROVIDE COMMUNITY FOR ITS MEMBERS.

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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 $42,444

Program Service Revenue $185,863

Investment Income $3,496

Other Revenue $0

TOTAL REVENUE $231,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $289,608

Other Expenses $289,766

TOTAL EXPENSES $289,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,803	$181,344	+0.3%
Expenses	$289,766	$177,930	+0.6%
Net Income	$-57,963	$3,414	-18.0%

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

N/A

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
PHLIP SLOAN	Treasurer	4.00	Officer Director	$0	$0	$0
PAULA KAIP	Secretary	2.00	Officer Director	$0	$0	$0
STEVE ENGELHART	Trustee	4.00	Officer Director	$0	$0	$0
NICKI PELTIER	Vice President	2.00	Director	$0	$0	$0
TONY RUGGERILLO	President	2.00	Director	$0	$0	$0
BETH ROMANELLI	Trustee	2.00	Director	$0	$0	$0
ERIC PRESTON	Trustee	2.00	Officer Director	$0	$0	$0
WILLIAM MOOSEKIAN	Trustee	2.00	Director	$0	$0	$0
Bill Moosekian	Trustee	0.00	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
2025	$231,803	$289,766	$1,049,614	$-57,963
2024	$181,344	$177,930	$1,107,577	$3,414
2023	$276,461	$301,568	$1,104,163	$-25,107
2022	$152,976	$130,041	$1,129,270	$22,935
2021	$158,915	$131,221	$1,106,335	$27,694
2020	$131,079	$176,917	$1,080,573	$-45,838
2019	$159,062	$134,034	$1,131,074	$25,028
2018	$226,196	$128,449	$1,115,574	$97,747

Russell Island Property Owners Associati