ARDENCROFT 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

1950

Legal Domicile

Principal Officer

WYNETH ACHENBAUM

Phone

3024757074

Tax Period

2023-01-01 to 2023-12-31

ARDENCROFT ASSOCIATION, founded in 1950, is a small nonprofit that reported $364K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $329K left a modest 10% surplus.

Mission

PAYMENT OF COUNTY PROPERTY TAXES AND SCHOOL TAXES FOR THE PROPERTY OWNERS AND RESIDENTS OF THE VILLAGE OF ARDENCROFT. POPULATION - APPROXIMATELY 275 PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $286,597 Revenue: $336,266

PAYMENT OF COUNTY PROPERTY TAXES AND SCHOOL TAXES FOR THE PROPERTY OWNERS AND RESIDENTS OF THE VILLAGE OF ARDENCROFT. POPULATION - APPROXIMATELY 275 PEOPLE

Program 2

Expenses: $27,300 Revenue: $26,100

PAYMENT OF YEARLY TRASH COLLECTION FEES FOR THE PROPERTY OWNERS OF THEVILLAGE OF ARDENCROFT

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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 $362,366

Investment Income $1,510

Other Revenue $0

TOTAL REVENUE $363,876

Expense Breakdown

Grants Paid $32,990

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $313,897

Other Expenses $295,848

TOTAL EXPENSES $328,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$363,876	$388,166	-0.1%
Expenses	$328,838	$316,552	+0.0%
Net Income	$35,038	$71,614	-0.5%

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
JAMES SCHWABER	DIRECTOR	3.00	Director	$0	$0	$0
PATRICK TOMAN	DIRECTOR	3.00	Director	$0	$0	$0
WYN ACHENBAUM	DIRECTOR	3.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$363,876	$328,838	$240,737	$35,038
2022	$388,166	$316,552	$205,699	$71,614
2021	$362,973	$309,441	$134,085	$53,532
2020	$342,550	$312,965	$80,553	$29,585
2019	$301,004	$310,766	$50,968	$-9,762
2018	$268,835	$285,634	$181,129	$-16,799