Sherwood Forest Home Owners Association (EIN 741919681) - 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

1976

Legal Domicile

Phone

5125027045

Tax Period

2024-01-01 to 2024-12-31

Sherwood Forest Home Owners Association, founded in 1976, is a small nonprofit that reported $865K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $798K left a modest 8% surplus.

Mission

TO MAINTAIN COMMON AREAS, ESPLANADES, REC/PARK AREA AND LANDSCAPING - ALL BENEFITING THE ENTIRE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $830,594

Investment Income $39,130

Other Revenue $-4,317

TOTAL REVENUE $865,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $652,740

Other Expenses $797,923

TOTAL EXPENSES $797,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$865,407	$937,083	-0.1%
Expenses	$797,923	$792,060	+0.0%
Net Income	$67,484	$145,023	-0.5%

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
Richard Holmes	Director	2.00	Director	$0	$0	$0
AJ Schroeder	President	2.00	Officer Director	$0	$0	$0
David Griffin	Treasurer	2.00	Officer Director	$0	$0	$0
Dewey Stringer	VP	2.00	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
2025	No data	No data	No data	No data
2024	$865,407	$797,923	$1,388,615	$67,484
2024	No data	No data	No data	No data
2023	$937,083	$792,060	$1,076,955	$145,023
2022	$820,889	$986,265	$775,887	$-165,376
2021	$634,930	$557,296	$709,011	$77,634
2020	$6,059	$179,039	$790,950	$-172,980

Sherwood Forest Home Owners Association