COLE TURKEY ACRES MEMBERSHIP

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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

1985

Legal Domicile

Principal Officer

RHONDA LUCY

Phone

6604384610

Tax Period

2023-01-01 to 2023-12-31

COLE TURKEY ACRES MEMBERSHIP, founded in 1985, is a micro nonprofit that reported $84K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $145K exceeded revenue, resulting in a 72% operating deficit.

Mission

PROVIDE ROADS AND AREAS OF PUBLIC USE TO HOME OWNERS.

Program Service Accomplishments

Program 1

Expenses: $134,144 Revenue: $83,406

COLE TURKEY ACRES MEMBERSHIP ASSOCIATION INC PROVIDES WATER AND ROAD MAINTENANCE, REPAIR AND REPLACEMENT. THE PURPOSE OF ITS TAX EXEMPT STATUS IS TO MAINTAIN ANNUAL NEEDS AND TO SAVE FOR FUTURE...

COLE TURKEY ACRES MEMBERSHIP ASSOCIATION INC PROVIDES WATER AND ROAD MAINTENANCE, REPAIR AND REPLACEMENT. THE PURPOSE OF ITS TAX EXEMPT STATUS IS TO MAINTAIN ANNUAL NEEDS AND TO SAVE FOR FUTURE NEEDS. THERE IS NO PROFIT MOTIVE, BUT SAVINGS ARE HELD IN ORDER TO HAVE A SAFETY RESERVE FUND FOR SUCH THINGS AS NEEDING WATER SYSTEM IMPROVEMENTS AND ROAD IMPROVEMENTS OR REPAIRS, WITH THE UNDERSTANDING THAT THESE ARE REASONABLE RESERVES THAT WILL BE NECESSARY IN THE FUTURE BUT ARE NOT BEING USED AS A PROFIT TO THE ORGANIZATION OR ITS PARTS.

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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 $83,406

Program Service Revenue $0

Investment Income $779

Other Revenue $0

TOTAL REVENUE $84,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,144

Other Expenses $145,048

TOTAL EXPENSES $145,048

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,185	$71,722	+0.2%
Expenses	$145,048	$39,616	+2.7%
Net Income	$-60,863	$32,106	-2.9%

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
RHONDA LUCY	TREASURER	005.00	Officer	$0	$0	$0
PAM BALLARD	SECRETARY	001.00	Officer	$0	$0	$0
DENNIS JOHNSON	PRESIDENT	001.00	Officer	$0	$0	$0
JEFF DUNN	WATER DIRECTOR	001.00	Officer	$0	$0	$0
HAROLD DUNN	ROADS DIRECTOR	001.00	Officer	$0	$0	$0
MATT BRAWDY	PARKS DIRECTOR	001.00	Officer	$0	$0	$0
JEFF DUNN	VICE PRESIDENT	001.00	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
2023	$84,185	$145,048	$117,053	$-60,863
2022	$71,722	$39,616	$172,543	$32,106
2020	$73,267	$83,296	$141,661	$-10,029