HEATHERWOOD VILLAGE COMMUNITY ASSOCIATION INC (EIN 741756595) - 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

1972

Legal Domicile

Principal Officer

STEVE MAHAN

Phone

8328190013

Tax Period

2025-01-01 to 2025-12-31

HEATHERWOOD VILLAGE COMMUNITY ASSOCIATION INC, founded in 1972, is a small nonprofit in the Community Improvement sector that reported $241K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. Expenses of $272K exceeded revenue, resulting in a 13% operating deficit.

Mission

THIS IS A HOMEOWNERS ASSOCIATION COVERING THE HEATHERWOOD VILLAGE SUBDIVISION IN HOUSTON, TEXAS. THE ASSOCIATION IS RESPONSIBLE FOR COMMON AREA MAINTENANCE, KEEPING UP AMENITIES AND CLUB HOUSES, LIGHTING STREETS AND GROUNDS, ARRANGING FOR SERVICES TO BEAUTIFY AND DEVELOP THE SUBDIVISION, ENFORCING DEED RESTRICTIONS, AND COLLETING ASSESSMENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $241,331

Program Service Revenue $0

Investment Income $25

Other Revenue $0

TOTAL REVENUE $241,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $271,668

Other Expenses $271,668

TOTAL EXPENSES $271,668

Year-over-Year Comparison

	2025	2024	Change
Revenue	$241,356	$266,133	-0.1%
Expenses	$271,668	$262,187	+0.0%
Net Income	$-30,312	$3,946	-8.7%

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

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
DENISE KOERS	VICE PRESIDE	N/A	Officer	$0	$0	$0
WANDA BLAIR	SECRETARY	N/A	Officer	$0	$0	$0
STEVE MAHAN	PRESIDENT	N/A	Officer	$0	$0	$0
BRETT GUILLORY	TREASURER	N/A	Officer	$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
2025	$241,356	$271,668	$552,275	$-30,312
2024	No data	No data	No data	No data
2023	$10,175	$222,404	$529,992	$-212,229
2022	$230,742	$240,672	$736,738	$-9,930

HEATHERWOOD VILLAGE COMMUNITY ASSOCIATION INC