April Sound Property Owners Assoc … - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

Brenda Belger

Phone

9365881188

Tax Period

2023-01-01 to 2023-12-31

April Sound Property Owners Assoc Inc, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

To promote openness and fiscal responsibility to maintain security and common property to ensure high standards of living in the April Sound residential community.

Program Service Accomplishments

Program 1

Expenses: $2,386,285 Revenue: $2,478,867

Maintenance and security of common property social welfare.

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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 $2,459,870

Investment Income $18,997

Other Revenue $0

TOTAL REVENUE $2,478,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,343,230

Fundraising Expenses $0

Program Expenses $2,386,285

Other Expenses $1,399,625

TOTAL EXPENSES $2,742,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,478,867	$2,262,545	+0.1%
Expenses	$2,742,855	$3,223,572	-0.1%
Net Income	$-263,988	$-961,027	-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

Governance

Voting Members

Independent Members

N/A

Employees

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
Jennifer Donato	General Manager	40.00		$111,684	$0	$111,684
Jeffery M Sweeney	Admin	40.00		$53,823	$0	$53,823
Delane M Potter	Security	40.00		$53,086	$0	$53,086
Ana Saravia	Admin	40.00		$41,562	$0	$41,562
Michael P Perry	Security	40.00		$40,146	$0	$40,146
Brenda Belger	President	25.00	Officer Director	$0	$0	$0
Joe Harris	Treasurer	25.00	Officer Director	$0	$0	$0
Christine Harper	Vice President	20.00	Officer Director	$0	$0	$0
JAMES R HUGHES	Director	10.00	Director	$0	$0	$0
JULIA OLMSTED	Director	10.00	Director	$0	$0	$0
Richard Tibbetts	Director	10.00	Director	$0	$0	$0
LEON WILLIAMS JR	Secretary	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	$2,478,867	$2,742,855	$3,649,753	$-263,988
2022	$2,262,545	$3,223,572	$3,123,885	$-961,027
2021	$2,491,413	$2,753,837	$3,302,156	$-262,424
2020	$2,510,770	$2,409,519	$3,172,475	$101,251
2019	$2,280,275	$2,315,912	$2,510,293	$-35,637
2018	$2,427,001	$2,178,884	$2,531,655	$248,117

April Sound Property Owners Assoc Inc