GREYSTONE OFFICE PARK CONDOMINIUMS… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

DR MICHAEL KING

Phone

7316647720

Tax Period

2023-01-01 to 2023-12-31

GREYSTONE OFFICE PARK CONDOMINIUMS PROPERTY OWNERS ASSOCIATION INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $150K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $170K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROMOTE THE COMMON INTERESTS OF GREYSTONE OFFICE PARK, MAINTAIN AND IMPROVE THE OFFICE PARK APPEARANCE AND ADD BEAUTIFICATION TO THE CITY OF JACKSON.

Program Service Accomplishments

Program 1

THE ASSOCIATION MAINTAINED AND IMPROVED THE OFFICE PARK APPEARANCE AND PROMOTED THE COMMON INTERESTS OF GREYSTONE OFFICE PARK

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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 $149,490

Program Service Revenue $0

Investment Income $305

Other Revenue $0

TOTAL REVENUE $149,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $169,832

Other Expenses $170,278

TOTAL EXPENSES $170,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,795	$126,046	+0.2%
Expenses	$170,278	$142,913	+0.2%
Net Income	$-20,483	$-16,867	+0.2%

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

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
TERRY LAYMAN	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT STONECIPHER	DIRECTOR	0.50	Director	$0	$0	$0
POLLY BRASHER	TREASURER	1.00	Officer	$0	$0	$0
DR JEROME CAWTHON	SECRETARY	0.50	Officer	$0	$0	$0
DR MICHAEL KING	PRESIDENT	0.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$149,795	$170,278	$34,212	$-20,483
2022	$126,046	$142,913	$54,695	$-16,867
2021	$141,466	$191,877	$71,987	$-50,411
2020	$144,763	$112,988	$121,973	$31,775
2019	$124,074	$108,904	$90,708	$15,170
2018	$123,932	$112,335	$75,708	$11,597

GREYSTONE OFFICE PARK CONDOMINIUMS PROPERTY OWNERS ASSOCIATION INC