Trillium Woods Resident Association

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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

2015

Legal Domicile

Principal Officer

RICHARD WILLITS

Phone

6123080863

Tax Period

2023-07-01 to 2024-06-30

Trillium Woods Resident Association, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $317K in total revenue in fiscal year 2023.

Mission

To promote and further the common well being of its members (residents of Trillium Woods, a CCRC), to communicate the concerns and interests of its members to Trillium Woods Management via resident committees.

Program Service Accomplishments

Program 1

Expenses: $318,773 Revenue: $307,130

Associate Appreciation Holiday Gift Program:The Associate Appreciation Fund Committee operating under the auspices of the Resident Council (Boarrd of Directors) provided cash gifts to 240 employees of Trillium Woods in December 2023 amounting to $318,773. Each Hourly Associate on the employee rolls as of the end of November 2023 received the same amount per hour of service provided in the preceding 12 months.All Salary Associates received equal total amounts. Non-deductible resident donations to this program are restricted in use only for the annual associate gift program.

Program 2

Expenses: $4,293 Revenue: $4,568

Trillium Woods Woodshapers Committee provides woodworking services to Trillium Woods Residents. Examples are furniture repairs and other small woodworking projects. Residents who receive the services...

Program 3

Expenses: $1,312

Resident Community Garden: Group of Trillium Woods residents maintain the Garden Area and plant produce for themselves and other Trillium Woods residents.

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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 $316,837

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $316,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $327,292

Other Expenses $327,292

TOTAL EXPENSES $327,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$316,837	$313,233	+0.0%
Expenses	$327,292	$306,690	+0.1%
Net Income	$-10,455	$6,543	-2.6%

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

128

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
POLLY BULLOCK	Director	2.000	Director	$0	$0	$0
JUDY HOVDA	Director	2.500	Director	$0	$0	$0
BARB NEMECEK	Director	2.000	Director	$0	$0	$0
NORM SCHMITZ	Assistant Treasurer	2.000	Officer	$0	$0	$0
JEAN SPONG	Correspondng Secretary	2.000	Officer	$0	$0	$0
BILL STROMMEN	Director	2.000	Director	$0	$0	$0
RICHARD WILLITS	President	5.000	Officer	$0	$0	$0
ALAN ZABEL	Director	3.000	Director	$0	$0	$0
ROLF BJELLAND	Director	2.500	Director	$0	$0	$0
WILLIAM HISE	Director	2.500	Director	$0	$0	$0
JEAN RABY	Director	2.000	Director	$0	$0	$0
MICHAEL P SLUSS	Recording Secretary	3.000	Officer	$0	$0	$0
RICK SCHWARTZ	Director	4.000	Director	$0	$0	$0
BARBARA WHITING	Vice President	4.000	Officer	$0	$0	$0
MARGARET WOLD	Director	3.000	Director	$0	$0	$0
DENNIS KUDELKA	Controller	5.000	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	No data	No data	No data	No data
2024	$316,837	$327,292	$26,426	$-10,455
2023	$313,233	$306,690	$36,881	$6,543
2022	$296,361	$285,701	$30,338	$10,660
2021	$248,969	$248,004	$19,678	$965