FARMINGTON PROPERTY OWNERS ASSOCIATION (EIN 540899360) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

JOHN ELLIS

Phone

4342969859

Tax Period

2023-01-01 to 2023-12-31

FARMINGTON PROPERTY OWNERS ASSOCIATION is a small nonprofit that reported $113K in total revenue in fiscal year 2018. The organization ran a surplus of $48K, a strong 43% operating margin.

Mission

ASSOCIATION MANAGEMENT, MAINTENANCE OF ASSOCIATION PROPERTY, AND SECURITY OF ASSOCIATION AND MEMBERS' PROPERTY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $291,803

Investment Income $7,579

Other Revenue $0

TOTAL REVENUE $299,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,778

Other Expenses $97,818

TOTAL EXPENSES $97,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,382	$149,567	+1.0%
Expenses	$97,818	$220,591	-0.6%
Net Income	$201,564	$-71,024	-3.8%

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

N/A

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
JOHN ELLIS	PRESIDENT & TREASURER	2.00	Officer Director	$0	$0	$0
RUTH HAILE	SECRETARY	2.00	Officer Director	$0	$0	$0
MACON GUNTER	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA STERN	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA QUAGLIANA	DIRECTOR	1.00	Director	$0	$0	$0
KENT MICHAEL COULING	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY WATERS GUNDERSEN	DIRECTOR	1.00	Director	$0	$0	$0
KACIE SNELLINGS	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$299,382	$97,818	$933,725	$201,564
2022	$149,567	$220,591	$732,161	$-71,024
2021	$95,775	$77,541	$803,185	$18,234
2020	$144,752	$70,688	$785,701	$74,064
2019	$123,362	$86,188	$711,637	$37,174
2018	$112,963	$64,867	$673,713	$48,096

FARMINGTON PROPERTY OWNERS ASSOCIATION