BROADMEAD RESIDENTS ASSOCIATION (EIN 521255281) - 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

1982

Legal Domicile

Principal Officer

WILLIAM HARDY

Phone

4105271900

Tax Period

2024-07-01 to 2025-06-30

BROADMEAD RESIDENTS ASSOCIATION, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $410K in total revenue in fiscal year 2024. Expenses of $391K left a modest 5% surplus.

Mission

TO INVOLVE BROADMEAD RESIDENTS IN A RANGE OF EXPERIENCES THAT INCREASE THEIR SENSE OF 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 $300,279

Program Service Revenue $3,908

Investment Income $25,793

Other Revenue $80,071

TOTAL REVENUE $410,051

Expense Breakdown

Grants Paid $292,046

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $383,797

Other Expenses $98,969

TOTAL EXPENSES $391,015

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,051	$399,224	+0.0%
Expenses	$391,015	$415,533	-0.1%
Net Income	$19,036	$-16,309	-2.2%

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

230

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
KATHERINE SHELTON	PRESIDENT	25.00	Officer Director	$0	$0	$0
STANLEY WILSON	FIRST VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
SUSAN APPLING	SECOND VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
KAREN MEADOW	SECRETARY	7.00	Officer Director	$0	$0	$0
DENISE LOVE	ASSOCIATE SECRETARY	4.00	Officer Director	$0	$0	$0
WILLIAM HARDY	TREASURER	15.00	Officer Director	$0	$0	$0
ERIC VAN DEN BEEMT	ASSOCIATE TREASURER	15.00	Officer Director	$0	$0	$0
TED RUGEMER	CLUSTER COORDINATOR	4.00	Director	$0	$0	$0
LESLIE GLICKMAN	ACTIVITIES COORDINATOR/IL REP	4.00	Director	$0	$0	$0
ANN PERKINS	BROADMEAD TRUSTEE REP	4.00	Director	$0	$0	$0
JERRY WINKELSTEIN	BROADMEAD TRUSTEE REP	4.00	Director	$0	$0	$0
GAYLE BLAKESLEE	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
MARYANN BUSSE	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
PAT VAN DEN BEEMT	BOARD MEMBER - IL REP - AS ON 01/25	4.00	Director	$0	$0	$0
DAVID CHAMPNEY	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
ALEXANDRA DOUMANI	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
MARGE ESPENSHADE	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
TRISH FUNDERBURK	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
LOLLY FARRINGTON	BOARD MEMBER - IL REP - AS ON 01/25	4.00	Director	$0	$0	$0
NANCY FUNK	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
JOANNE GLODSMITH	BOARD MEMBER - IL REP - UNTIL 12/24	4.00	Director	$0	$0	$0
BRIGID GOODY	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
CAROLYN GOODRICH	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
BONNIE GRIFFITH	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
DIANA HARLEY	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
RICHARD HUNTER	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
LINDA INDYKE	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
JOHN MATTINGLY	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
ALMA SMITH	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
PAULA SCHEYE	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
PEGGY TAPLEY	BOARD MEMBER - IL REP - UNTIL 12/24	4.00	Director	$0	$0	$0
MARGARET WARDEN	BOARD MEMBER - IL REP	4.00	Director	$0	$0	$0
NORA YAGGY	BOARD MEMBER - IL REP	4.00	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	$410,051	$391,015	$646,632	$19,036
2024	No data	No data	No data	No data
2023	$347,563	$354,057	$583,515	$-6,494
2022	$303,114	$364,256	$562,392	$-61,142
2021	$246,921	$232,541	$696,073	$14,380
2020	$272,622	$252,429	$587,606	$20,193
2019	$129,270	$104,826	$575,873	$24,444

BROADMEAD RESIDENTS ASSOCIATION