KINGSTOWNE RESIDENTIAL OWNERS CORP (EIN 541449949) - 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

1987

Legal Domicile

Principal Officer

CRAIG SABO

Phone

7039229477

Tax Period

2024-01-01 to 2024-12-31

KINGSTOWNE RESIDENTIAL OWNERS CORP, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $6.2M in total revenue in fiscal year 2018. Expenses of $6.0M left a modest 4% surplus.

Mission

TO PROMOTE THE HEALTH, SAFETY, AND WELFARE OF THE RESIDENTS AND ENFORCE ALL COVENANTS AND RESTRICTIONS IN ACCORDANCE WITH THE GOVERNING DOCUMENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,120,619

Investment Income $210,617

Other Revenue $0

TOTAL REVENUE $7,331,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,161,566

Fundraising Expenses $0

Program Expenses $4,511,478

Other Expenses $4,767,797

TOTAL EXPENSES $5,929,363

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,331,236	$6,945,991	+0.1%
Expenses	$5,929,363	$7,542,862	-0.2%
Net Income	$1,401,873	$-596,871	-3.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ENGELBAUM	TRUSTEE	1.00	Director	$0	$0	$0
TIM NANK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HENDERSON BAKER	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA VANDERBURG	PRESIDENT	10.00	Officer Director	$0	$0	$0
LUANN WHITTENBURG	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS POLOZZOLO	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG SABO	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TONY JOHNSON	GENERAL MANAGER	40.00	Highest	$146,233	$0	$146,233

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	$7,331,236	$5,929,363	$9,242,234	$1,401,873
2023	$6,945,991	$7,542,862	$7,929,477	$-596,871
2022	$6,540,303	$7,197,884	$8,337,304	$-657,581
2021	$6,278,825	$6,677,451	$8,910,767	$-398,626
2020	$6,168,943	$5,887,354	$9,300,815	$281,589
2019	$6,489,335	$5,887,248	$9,011,688	$602,087
2018	$6,248,320	$5,994,712	$8,506,554	$253,608

KINGSTOWNE RESIDENTIAL OWNERS CORP