CHAMPION LAKES ESTATES

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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

2001

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

CHAMPION LAKES ESTATES, founded in 2001, is a small nonprofit that reported $211K in total revenue in fiscal year 2023. Net assets of $946K represent 54 months of operating reserves.

Mission

THE ASSOCIATION IS A COMMUNITY ASSOCIATION FORMED FOR THE PORPOSE OF ENFORCEMENT OF THE DECLARATION OF COVENANTS CONDITIONS AND RESTRICTIONS FOR CHAMPION LAKES ESTATES, A SUBDIVISION IN HARRIS COUNTY TX WHICH INCLUDES THE COLLECTION OF ANNUAL ASSESSMENTS TO FUND ANNUAL OPERAT...

Program Service Accomplishments

Program 1

Expenses: $231,047 Revenue: $210,600

THE ORGANIZATION EFFICIENTLY COLLECTED THE ANNUAL ASSESSMENTS AND FUNDED THE OPERATING EXPENDITURES NECESSARY TO ENFORCE THE DECLARATION AND MAINTAIN THE COMMON AREA IMPROVEMENTS WITHIN 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $100

Other Revenue $210,600

TOTAL REVENUE $210,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,047

Other Expenses $231,047

TOTAL EXPENSES $231,047

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,700	$210,678	+0.0%
Expenses	$231,047	$216,377	+0.1%
Net Income	$-20,347	$-5,699	+2.6%

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

N/A

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
DARRYL KING	DIRECTOR	0.00	Director	$0	$0	$0
CURTIS FRANKLIN	DIRECTOR	0.00	Director	$0	$0	$0
MARK SCHIELACK	PRESIDENT	20.00	Officer 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	$210,700	$231,047	$951,096	$-20,347
2022	$210,678	$216,377	$968,800	$-5,699
2021	$213,137	$254,554	$974,499	$-41,417
2020	$209,364	$271,794	$1,036,766	$-62,430