Montgomery Village Foundation Inc

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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

1966

Legal Domicile

Principal Officer

Karen Kodjanian

Phone

3019480110

Tax Period

2025-01-01 to 2025-12-31

Montgomery Village Foundation Inc, founded in 1966, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2025. Expenses of $9.7M left a modest 14% surplus.

Mission

MONTGOMERY VILLAGE FOUNDATION, INC. (THE FOUNDATION), A NON-PROFIT MEMBERSHIP CORPORATION, WAS FORMED FOR THE PRESERVATION, PROTECTION, AND ENHANCEMENT OF THE VALUES AND AMENITIES IN MONTGOMERY VILLAGE, A PLANNED COMMUNITY. THE FOUNDATION HAS BEEN DELEGATED AND ASSIGNED THE POWERS OF OWNING, MAINTAINING, AND ADMINISTERING THE COMMON PROPERTIES AND FACILITIES, ADMINISTERING AND ENFORCING THE COVENANTS AND RESTRICTIONS, AND COLLECTING AND DISBURSING THE ASSESSMENTS AND CHARGES CREATED BY COVENANTS. MEMBERSHIP IN THE FOUNDATION IS AUTOMATIC WITH THE PURCHASE OF A DWELLINGUNIT IN MONTGOMERY VILLAGE.

Program Service Accomplishments

Program 1

Expenses: $4,226,160 Revenue: $236,594

DESIGNATED USER FACILITIES FUND - PROVIDES FOR THE OPERATION AND MAINTENANCE OF THE COMMUNITY CENTERS, POOLS, AND TENNIS COURTS OWNED BY THE FOUNDATION. ASSESSMENTS ARE LEVIED ONLY ON MEMBERS WHO ARE...

Program 2

Expenses: $2,144,131 Revenue: $22,332

MONTGOMERY VILLAGE FOUNDATION FUND - PROVIDES FOR THE GENERAL GOVERNANCE, OPERATION, AND MAINTENANCE OF COMMON PROPERTIES (PARKS AND LAKES), ARCHITECTURAL STANDARDS, AND COMMUNICATIONS. ASSESSMENTS...

Program 3

Expenses: $1,131,182 Revenue: $1,015,066

COMMUNITY MANAGEMENT FUND - PROVIDES MANAGEMENT SERVICES, AT COST, TO THE HOMES CORPORATIONS AND CONDOMINIUM ASSOCIATIONS WITHIN MONTGOMERY VILLAGE THAT CONTRACT FOR THE SERVICE. REVENUE IS GENERATED...

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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 (2025)

Revenue Breakdown

Contributions & Grants $8,078,574

Program Service Revenue $1,817,455

Investment Income $471,708

Other Revenue $893,254

TOTAL REVENUE $11,260,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,777,781

Fundraising Expenses $0

Program Expenses $8,413,533

Other Expenses $3,891,837

TOTAL EXPENSES $9,669,618

Year-over-Year Comparison

	2025	2024	Change
Revenue	$11,260,991	$10,960,379	+0.0%
Expenses	$9,669,618	$9,108,029	+0.1%
Net Income	$1,591,373	$1,852,350	-0.1%

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

291

Volunteers

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

$483,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
michael conroy	Executive VP	40.00	Officer	$195,199	$35,967	$231,166
karen kodjanian	dir comm mgmt	40.00		$175,522	$9,563	$185,085
Daniel Salazar	CFO	40.00	Officer	$163,834	$8,247	$172,081
duncan mullis	dir rec & parks	40.00		$141,666	$12,973	$154,639
April Steward	Community Manager	40.00		$120,407	$6,238	$126,645
Jason Nicklow	Facilities Manager	40.00		$116,929	$6,465	$123,394
Petra Padilla	Program Manager	40.00		$114,877	$6,425	$121,302
Adam Polsky	Corp. Secretary	40.00	Officer	$76,733	$3,416	$80,149
Jack Guiragossian	Board Member	1.00	Director	$0	$0	$0
scott dyer	Past President	1.00	Officer Director	$0	$0	$0
daniel anderson	board member	1.00	Director	$0	$0	$0
doniele ayres	President	1.00	Officer Director	$0	$0	$0
Dick Rabil	board member	1.00	Director	$0	$0	$0
John Kozo	board member	1.00	Director	$0	$0	$0
brandon coffee-borden	board member	1.00	Director	$0	$0	$0
susan prince	Vice President	1.00	Officer Director	$0	$0	$0
Jayaraman Vijayakumar	Treasurer	1.00	Officer Director	$0	$0	$0
Stuart Flatow	Board Member	1.00	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	$11,260,991	$9,669,618	$32,078,439	$1,591,373
2024	$10,960,379	$9,108,029	$29,669,503	$1,852,350
2023	$11,256,588	$8,514,295	$27,229,375	$2,742,293
2022	$9,681,007	$8,124,909	$23,968,372	$1,556,098
2021	$9,100,632	$7,575,891	$23,433,037	$1,524,741
2020	$9,045,556	$7,021,306	$21,195,086	$2,024,250
2019	$8,829,164	$8,221,351	$18,672,213	$607,813
2018	$8,370,259	$7,866,870	$17,467,578	$503,389