FOREST COVE PROPERTY OWNERS ASSOC INC (EIN 741598734) - 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

1962

Legal Domicile

Phone

2813583022

Tax Period

2023-01-01 to 2023-12-31

FOREST COVE PROPERTY OWNERS ASSOC INC, founded in 1962, is a small nonprofit that reported $149K in total revenue in fiscal year 2023. Expenses of $130K left a modest 12% surplus.

Mission

THE ENTITY IS A COMMUNITY PROPERTY OWNERS ASSOCIATION ESTABLISHED TO COLLECT AND ADMINISTER FUNDS IN ACCORDANCE WITH THE DEED RESTRICTIONS FOR THE SUBDIVISSION, ENFORCE DEED RESTRICTIONS, MAINTAIN AND OPERATE THE COMMON AREAS, AND PROMOTE THE INTERESTS OF THE OWNERS FOR THE BENEFIT OF 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 $152,030

Investment Income $12,077

Other Revenue $-15,430

TOTAL REVENUE $148,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,755

Other Expenses $130,165

TOTAL EXPENSES $130,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,677	$139,987	+0.1%
Expenses	$130,165	$164,336	-0.2%
Net Income	$18,512	$-24,349	-1.8%

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
DAMIAN POOL	Director	4.00	Director	$0	$0	$0
STEVE ATCHISON	Vice President	8.00	Officer Director	$0	$0	$0
JOY SADLER	President	8.00	Officer Director	$0	$0	$0
CAMERON WILLIAMS	Director	4.00	Director	$0	$0	$0
RYAN WILLIAMS	Director	4.00	Director	$0	$0	$0
WADE HOPPER	Treasurer	8.00	Officer Director	$0	$0	$0
NICOLE LEWIS	Secretary	8.00	Officer Director	$0	$0	$0
RONALD MILLER	Director	4.00	Director	$0	$0	$0
MATT TREADWELL	Director	4.00	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	$148,677	$130,165	$1,034,263	$18,512
2022	$139,987	$164,336	$1,016,396	$-24,349
2021	$115,268	$167,557	$1,045,403	$-52,289
2020	$127,395	$116,389	$1,095,290	$11,006
2019	$143,217	$144,870	$1,066,395	$-1,653
2018	$493,969	$91,975	$1,082,107	$401,994

FOREST COVE PROPERTY OWNERS ASSOC INC