Collington Residents Association I… - 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

1989

Legal Domicile

Phone

3019257235

Tax Period

2024-04-01 to 2025-03-31

Collington Residents Association Inc, founded in 1989, is a small nonprofit that reported $741K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $264K, a strong 36% operating margin.

Mission

Serve Residents of Collington Episcopal Life Care Community

Program Service Accomplishments

Program 1

Expenses: $347,554

Employees of the Collington Episcopal Life Care Community are Given Appreciation Gifts (see account 500)

Program 2

Expenses: $127,420

Miscellaneous Activities for the Benefit of Residents (see overflow detail)

Program 3

Expenses: $2,400

The Association Contributes to Several Community Outreach Programs

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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 $422,519

Program Service Revenue $0

Investment Income $198,982

Other Revenue $119,827

TOTAL REVENUE $741,328

Expense Breakdown

Grants Paid $2,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $477,374

Other Expenses $474,974

TOTAL EXPENSES $477,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$741,328	$584,992	+0.3%
Expenses	$477,374	$479,932	0.0%
Net Income	$263,954	$105,060	+1.5%

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
Steve Kessler	First Vice President	2.00	Officer Director	$0	$0	$0
Richard Baker	Treasurer	5.00	Officer	$0	$0	$0
Grae Baxter	President	2.00	Officer	$0	$0	$0
Marge Dawson	Second Vice President	2.00	Officer	$0	$0	$0
Laurie Nichols	Secretary	2.00	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	$741,328	$477,374	$1,981,220	$263,954
2024	$584,992	$479,932	$1,772,770	$105,060
2023	$309,542	$401,564	$1,677,073	$-92,022
2022	$510,070	$399,830	$1,769,095	$110,240
2021	$875,267	$389,607	$1,658,855	$485,660
2020	$267,700	$354,314	$1,173,215	$-86,614
2019	$431,344	$394,786	$1,262,669	$36,558

Collington Residents Association Inc