WESTHAVEN ASSOCIATION INC (EIN 741619093) - 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

1965

Legal Domicile

Principal Officer

MICHAEL HICKS

Phone

2105610606

Tax Period

2023-01-01 to 2023-12-31

WESTHAVEN ASSOCIATION INC, founded in 1965, is a micro nonprofit that reported $85K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $74K left a modest 13% surplus.

Mission

PROPERTY OWNERS ASSOCIATION FORMED FOR THE PURPOSE OF MAINTAINING THE COMMUNITY AND THE COMMON AREAS.

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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 $81,426

Investment Income $67

Other Revenue $3,382

TOTAL REVENUE $84,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,323

Other Expenses $73,850

TOTAL EXPENSES $73,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$84,875	$70,559	+0.2%
Expenses	$73,850	$84,180	-0.1%
Net Income	$11,025	$-13,621	-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

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
MICHAEL HICKS	PRESIDENT	2.00	Officer Director	$0	$0	$0
GAYLE ADAMS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
KATHRYN BARR	SECRETARY	2.00	Officer Director	$0	$0	$0
ROY CAVAZOS	TREASURER	2.00	Officer Director	$0	$0	$0
JIMMIE SMITH	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN MCCLENDON	DIRECTOR	2.00	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
2023	$84,875	$73,850	$134,001	$11,025
2022	$70,559	$84,180	$112,511	$-13,621
2021	$69,132	$58,000	$138,103	$11,132
2020	$67,856	$67,432	$125,910	$424
2019	$97,539	$69,184	$122,072	$28,355
2018	$211,732	$258,304	$108,341	$-46,572

WESTHAVEN ASSOCIATION INC