The Five Oaks Recreational Association Inc

EIN: 621000589

Durham, NC

Total Revenue
$360,989
Total Expenses
$353,359
Total Assets
$534,460
Net Assets
$520,627
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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
1976
Legal Domicile
NC
Principal Officer
Danial Tahimtoola
Phone
9194931495
Tax Period
2023-04-01 to 2024-03-31

The Five Oaks Recreational Association Inc, founded in 1976, is a small nonprofit that reported $361K in total revenue in fiscal year 2023.

Mission

Organization is a membership association providing recreational services and social programs to its members.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $348,745
Program Service Revenue $8,740
Investment Income $1,404
Other Revenue $2,100
TOTAL REVENUE $360,989

Expense Breakdown

Grants Paid $0
Salaries & Benefits $85,893
Fundraising Expenses $0
Program Expenses $224,215
Other Expenses $267,466
TOTAL EXPENSES $353,359

Year-over-Year Comparison

2023 2022 Change
Revenue $360,989 $344,516 +0.0%
Expenses $353,359 $315,582 +0.1%
Net Income $7,630 $28,934 -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

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Governance

Voting Members
6
Independent Members
6
Employees
3
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
4
$0
Total Directors
6
$0
Key Employees
1
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joshua Lindgren General Manager 30.00
Key Emp Highest
$0 $0 $0
Danial Rahimtoola President 2.00
Officer Director
$0 $0 $0
Susan Couch Vice President 1.00
Officer Director
$0 $0 $0
Susan Demeri Treasurer 1.00
Officer Director
$0 $0 $0
Monica Hoyer Secretary 1.00
Officer Director
$0 $0 $0
Katie Benedetto Member 1.00
Director
$0 $0 $0
Cheryl Piccillo Member 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 $360,989 $353,359 $534,460 $7,630
2023 $344,516 $315,582 $552,203 $28,934
2022 $335,209 $302,674 $541,637 $32,535
2021 $293,340 $282,240 $480,812 $11,100
2020 $306,798 $273,371 $468,917 $33,427
2019 $299,143 $281,795 $438,729 $17,348
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