Reston Association (EIN 546060435) - 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

1964

Legal Domicile

Phone

7034357980

Tax Period

2024-01-01 to 2024-12-31

RESTON ASSOCIATION, founded in 1964, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2018. Expenses of $16.0M left a modest 10% surplus.

Mission

TO INTERPRET, ADMINISTER, AND ENFORCE THE PROTECTIVE COVENANTS AND RESTRICTIONS OF THE RESTON DEED (DEED) IN SUCH A MANNER AS TO CONSERVE, PROTECT, AND ENHANCE THE VALUE OF ALL REAL PROPERTY SUBJECT TO THE DEED; FOR THE BENEFIT OF THE MEMBERS, TO ACQUIRE, OWN, SELL, MORTGAGE, CONVEY, ENCUMBER, AND LEASE PROPERTY, REAL OR PERSONAL, AND TO IMPROVE, ADMINISTER, AND MAINTAIN SUCH PROPERTY IN NEAT AND GOOD ORDER; PROVIDED, HOWEVER, THAT THE RECREATIONAL FACILITIES OF THE ASSOCIATION AND OTHER COMMON AREA SHALL BE INTENDED FOR THE USE AND BENEFIT, PRIMARILY, OF THE MEMBERS, PROVIDED FURTHER, HOWEVER, THAT THE BOARD AND THE ASSOCIATION MAY ALLOW THE USE OF THE RECREATIONAL FACILITIES BY NON-MEMBERS. TO ASSESS, COLLECT, AND DISBURSE THE ASSESSMENTS AND CHARGES AUTHORIZED BY THE DEED; TO PROMOTE THE PEACE, HEALTH, COMFORT, SAFETY, AND GENERAL WELFARE OF THE MEMBERS; TO DO ANY AND ALL LAWFUL THINGS AND ACTS THAT IT, IN ITS DISCRETION, MAY DEEM TO BE FOR THE BENEFIT OF THE PROPERTY AN THE OWNERS AND INHABITANTS THEREOF; AND TO EXERCISE THE POWERS NOW OR HEREAFTER CONFERRED BY LAW ON VIRGINIA NONSTOCK CORPORATIONS AS MAY BE NECESSARY OR DESIRABLE TO ACCOMPLISH THE PURPOSES SET FORTH ABOVE.

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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 $36,074

Program Service Revenue $21,483,227

Investment Income $592,951

Other Revenue $130,584

TOTAL REVENUE $22,242,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,481,407

Fundraising Expenses $0

Program Expenses $13,482,704

Other Expenses $9,055,175

TOTAL EXPENSES $21,536,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,242,836	$22,050,943	+0.0%
Expenses	$21,536,582	$19,596,228	+0.1%
Net Income	$706,254	$2,454,715	-0.7%

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

668

Volunteers

967

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

$684,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Izzy Santa	Secretary At Large	10.0	Officer Director	$0	$0	$0
Jalal Mapar	President- At Large	10.0	Officer Director	$0	$0	$0
Robert Petrine	Treasurer	10.0	Officer Director	$0	$0	$0
Trevor Grywatch	Vice President - At Large	10.0	Officer Director	$0	$0	$0
Irwin Flashman	Director - Lake Anne / Tall Oaks	10.0	Director	$0	$0	$0
Jennifer Jushchuk	Director - South Lakes	10.0	Director	$0	$0	$0
John Farrell	Director - At Large	10.0	Director	$0	$0	$0
Laurie Dodd	Director - North Point	10.0	Director	$0	$0	$0
Margaret Perry	Director - Apartment Owner Rep	10.0	Director	$0	$0	$0
Travis Johnson	Director - Hunters Woods / Dogwood	10.0	Director	$0	$0	$0
James Vroom	CFO	40.0	Officer	$139,847	$28,148	$167,995
Michael Cummins	CEO	40.0	Officer	$274,737	$47,376	$322,113
Peter Lusk	COO	40.0	Officer	$175,683	$18,292	$193,975
Anthony Champ	Legal Counsel	40.0	Highest	$158,785	$31,534	$190,319
Cameron Adams	Director of Covenants	40.0	Highest	$168,956	$22,187	$191,143
Cara O'Donnell	Director of Communications	40.0	Highest	$146,101	$17,933	$164,034
Laura Kowalski	Director of Parks & Recreation	40.0	Highest	$135,313	$30,919	$166,232
Michael McNamara	Director of Rec & Environmental Edu	40.0	Highest	$145,668	$31,557	$177,225

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	$22,242,836	$21,536,582	$53,220,475	$706,254
2023	$22,050,943	$19,596,228	$53,132,483	$2,454,715
2022	$20,705,561	$18,377,495	$50,513,391	$2,328,066
2021	$19,863,227	$17,024,598	$43,721,869	$2,838,629
2020	$19,164,574	$15,936,776	$39,550,084	$3,227,798
2019	$18,537,848	$17,318,010	$35,569,398	$1,219,838
2018	$17,771,340	$16,043,963	$34,625,333	$1,727,377

Reston Association