KINGS POINT CONDOMINIUM OWNERS (EIN 591749186) - 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

1979

Legal Domicile

Principal Officer

EILEEN PECO

Tax Period

2024-03-01 to 2025-02-28

KINGS POINT CONDOMINIUM OWNERS, founded in 1979, is a micro nonprofit that reported $36K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $275K represent 92 months of operating reserves.

Mission

A SERVICE ORGANIZATION FOR THE BETTERMENT OF KINGS POINTAND ITS RESIDENTS

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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 $22,313

Program Service Revenue $5,315

Investment Income $8,312

Other Revenue $0

TOTAL REVENUE $35,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,275

Other Expenses $18,477

TOTAL EXPENSES $35,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,940	$40,195	-0.1%
Expenses	$35,752	$64,980	-0.4%
Net Income	$188	$-24,785	-1.0%

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
ALAN SWANSON	DIRECTOR	10.00	Director	$0	$0	$0
GAY RAY	DIRECTOR	3.00	Director	$0	$0	$0
JOHN WOLHRAB	TREASURER	0.00	Director	$0	$0	$0
LAURIE PALERMO	DIRECTOR	0.00	Director	$0	$0	$0
EILEEN PECO	PRESIDENT	18.00	Officer	$0	$0	$0
EDWARD COHEN	VICE PRESIDENT	3.00	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	$35,940	$35,752	$275,014	$188
2024	$40,195	$64,980	$265,882	$-24,785
2023	$33,412	$65,281	$290,667	$-31,869
2022	$29,722	$48,240	$322,536	$-18,518
2021	$31,527	$51,169	$341,054	$-19,642

KINGS POINT CONDOMINIUM OWNERS