CLIFFS VALLEY COMMUNITY ASSOCIATION INC (EIN 571058952) - 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

1996

Legal Domicile

Principal Officer

BARB WIELICKI

Phone

8644671600

Tax Period

2023-01-01 to 2023-12-31

CLIFFS VALLEY COMMUNITY ASSOCIATION INC, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 11% surplus.

Mission

CLIFFS VALLEY COMMUNITY ASSOCIATION, INC. (THE ASSOCIATION) IS A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION ORGANIZED BY THE CLIFFS AT GLASSY, INC.. THE ASSOCIATION WAS FORMED TO PROVIDE RESTRICTIONS FOR THE BENEFIT OF ALL OWNERS OF PROPERTIES, TO PROVIDE FLEXIBLE AND REASONABLE PROCEDURES FOR THE OVERALL DEVELOPMENT OF THE PROPERTIES AND TO ESTABLISH A METHOD FOR THE ADMINISTRATION, MAINTENANCE, PRESERVATION, USE AND ENJOYMENT OF THE PROPERTIES. THE ASSOCIATION IS COMPRISED OF PROPERTIES IN AN APPROXIMATELY 3,000 ACRE DEVELOPMENT IN GREENVILLE COUNTY, SOUTH CAROLINA AND HENDERSON COUNTY, NORTH CAROLINA. THE DEVELOPMENT CONSISTS OF 859 SINGLEFAMILY RESIDENTIAL PROPERTIES OF WHICH 23 RELATE TO VALLEY VILLAS. VALLEY VILLAS PROPERTY OWNERS ARE ASSESSED ADDITIONAL FEES FOR CERTAIN SERVICES PROVIDED BY THE ASSOCIATION.THE DEVELOPMENT INCLUDES AMENITIES SUCH AS A COUNTRY CLUB WITH A GOLF COURSE, CLUBHOUSE AND WELLNESS FACILITIES THAT ARE ASSOCIATED WITH THE ASSOCIATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,489,846

Program Service Revenue $121,245

Investment Income $48,529

Other Revenue $6,633

TOTAL REVENUE $1,666,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,267,701

Other Expenses $1,484,029

TOTAL EXPENSES $1,484,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,666,253	$1,056,769	+0.6%
Expenses	$1,484,029	$1,070,180	+0.4%
Net Income	$182,224	$-13,411	-14.6%

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
BARB WIELICKI	PRESIDENT/TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS FRASER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM FISCHER	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE BALCHUNAS	SECRETARY	1.00	Officer Director	$0	$0	$0
LORI COBB	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MARSLAND	DIRECTOR	1.00	Director	$0	$0	$0
RICH PAYNE	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	$1,666,253	$1,484,029	$3,818,018	$182,224
2022	$1,056,769	$1,070,180	$3,484,364	$-13,411
2021	$1,187,082	$1,383,415	$3,273,360	$-196,333
2020	$1,140,507	$963,021	$2,374,968	$177,486
2019	$1,062,987	$1,185,887	$1,863,216	$-122,900
2018	$1,140,192	$875,990	$2,101,065	$264,202

CLIFFS VALLEY COMMUNITY ASSOCIATION INC