WESTHEIMER LAKES PROPERTY OWNERS ASSOCIATION co CREST MANAGEMENT (EIN 432065396) - 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

2004

Legal Domicile

Phone

2815790761

Tax Period

2024-01-01 to 2024-12-31

WESTHEIMER LAKES PROPERTY OWNERS ASSOCIATION co CREST MANAGEMENT, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2024.

Mission

CIVIC & SOCIAL WELFARE ORGANIZATION - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND THE PROPERTY , AND PROVIDING SERVICES TO THE COMMUNITY.

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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 $2,892,717

Investment Income $17,894

Other Revenue $10,141

TOTAL REVENUE $2,920,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,960,255

Other Expenses $3,110,265

TOTAL EXPENSES $3,110,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,920,752	$2,962,845	0.0%
Expenses	$3,110,265	$3,256,298	0.0%
Net Income	$-189,513	$-293,453	-0.4%

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
Martha Castaneda	Director	2.00	Director	$0	$0	$0
Shawn Demaree	President	2.00	Officer Director	$0	$0	$0
Fred DeRivas	VP/TREAS	2.00	Officer Director	$0	$0	$0
George Malek	Director	2.00	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	$2,920,752	$3,110,265	$1,385,597	$-189,513
2023	$2,962,845	$3,256,298	$1,570,610	$-293,453
2022	$2,877,097	$2,773,558	$1,890,014	$103,539
2021	$2,927,969	$2,729,904	$1,905,965	$198,065
2021	$3,639,944	$2,704,355	$1,905,965	$935,589
2020	$3,606,855	$3,128,692	$1,730,896	$478,163
2019	$2,865,193	$3,007,358	$1,171,618	$-142,165
2018	$2,838,259	$2,898,185	$1,308,813	$-59,926

WESTHEIMER LAKES PROPERTY OWNERS ASSOCIATION co CREST MANAGEMENT