SUMMIT SQUARE PLACE OFFICE PARK OWNERS ASSOCIATION INC (EIN 383694658) - 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

TIM WALDEN

Tax Period

2023-01-01 to 2023-12-31

SUMMIT SQUARE PLACE OFFICE PARK OWNERS ASSOCIATION INC, founded in 2003, is a small nonprofit that reported $341K in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 18% operating margin.

Mission

PROVIDE COMMON AREA MAINTENANCE AND OTHER ADMINISTRATIVE SERVICES TO THE OFFICE PARK RESIDENCES.

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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 $0

Program Service Revenue $190,783

Investment Income $1

Other Revenue $150,175

TOTAL REVENUE $340,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $280,170

TOTAL EXPENSES $280,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$340,959	$179,343	+0.9%
Expenses	$280,170	$181,067	+0.5%
Net Income	$60,789	$-1,724	-36.3%

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

N/A

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
TIM WALDEN	President	1.00	Director	$0	$0	$0
NANCY BISHOF	Secretary	1.00	Director	$0	$0	$0
JOE JONES	Vice President	1.00	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
2023	$340,959	$280,170	$86,369	$60,789
2022	$179,343	$181,067	$22,937	$-1,724
2021	$136,820	$123,442	$24,661	$13,378
2020	$97,518	$102,313	$11,283	$-4,795
2019	$115,067	$127,103	$15,978	$-12,036
2018	$122,465	$113,341	$28,018	$9,124

SUMMIT SQUARE PLACE OFFICE PARK OWNERS ASSOCIATION INC