Memorial Northwest Homeowners Association (EIN 741681597) - 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

1973

Legal Domicile

Principal Officer

Jay Jackson

Phone

2818700585

Tax Period

2024-01-01 to 2024-12-31

Memorial Northwest Homeowners Association, founded in 1973, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

To promote the recreation, health, and safety of the residents, to provide for the improvement, maintenance, and management of any common areas and facilities, and to enforce the covenants to preserve the communitys appearance.

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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 $0

Program Service Revenue $1,850,136

Investment Income $13,283

Other Revenue $0

TOTAL REVENUE $1,863,419

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,790,332

Other Expenses $1,871,737

TOTAL EXPENSES $1,871,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,863,419	$1,537,780	+0.2%
Expenses	$1,871,737	$1,579,177	+0.2%
Net Income	$-8,318	$-41,397	-0.8%

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
Jay Jackson	President	5.00	Officer Director	$0	$0	$0
Brandon Robins	1st Vice President	5.00	Officer Director	$0	$0	$0
Greg Williams	2nd Vice President	5.00	Officer Director	$0	$0	$0
Kelley Minor	3rd Vice President	5.00	Officer Director	$0	$0	$0
Jerry Reece	Treasurer	5.00	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	$1,863,419	$1,871,737	$5,485,184	$-8,318
2023	$1,537,780	$1,579,177	$5,706,667	$-41,397
2022	$1,553,596	$1,183,215	$6,463,274	$370,381
2021	$1,550,518	$1,151,131	$6,401,179	$399,387
2020	$1,654,610	$1,154,613	$6,121,755	$499,997
2019	$1,369,386	$1,178,470	$5,812,087	$190,916
2018	$1,160,652	$1,039,416	$2,202,074	$121,236

Memorial Northwest Homeowners Association