THE SPRINGS HOMEOWNERS ASSOCIATION INC (EIN 611147872) - 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

1988

Legal Domicile

Principal Officer

LANE KELLY

Phone

5024257247

Tax Period

2024-01-01 to 2024-12-31

THE SPRINGS HOMEOWNERS ASSOCIATION INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $146K in total revenue in fiscal year 2024. Expenses of $175K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROMOTE THE SOCIAL WELFARE AND SERVE THE COMMON GOOD AND GENERAL WELFARE OF ITS MEMBERS AND THE COMMUNITY.

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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 $145,550

Program Service Revenue $0

Investment Income $318

Other Revenue $240

TOTAL REVENUE $146,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $163,004

Other Expenses $175,254

TOTAL EXPENSES $175,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,108	$146,349	0.0%
Expenses	$175,254	$209,411	-0.2%
Net Income	$-29,146	$-63,062	-0.5%

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
ROBERT KLEIN	DIRECTOR	5.00	Director	$0	$0	$0
JASON KOETTER	DIRECTOR	5.00	Director	$0	$0	$0
AKEEL ZAHEER	CHAIRMAN	5.00	Officer Director	$0	$0	$0
LAURA SPIEGELHALTER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JACK DULWORTH	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID GRAESER	TREASURER	5.00	Officer Director	$0	$0	$0
STEVE KOMMOR	DIRECTOR	5.00	Director	$0	$0	$0
TOM GARNER	DIRECTOR	5.00	Director	$0	$0	$0
GLEN CHANEY	DIRECTOR	5.00	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	$146,108	$175,254	$35,963	$-29,146
2023	$146,349	$209,411	$80,990	$-63,062
2022	$145,796	$141,057	$44,717	$4,739
2021	$138,951	$140,891	$39,060	$-1,940
2020	$138,698	$144,726	$41,037	$-6,028
2019	$139,017	$123,919	$47,012	$15,098
2018	$192,722	$222,168	$120,466	$-29,446

THE SPRINGS HOMEOWNERS ASSOCIATION INC