PADRE ISLES PROPERTY OWNERS ASSOCIATION INC (EIN 741937330) - 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

Principal Officer

MARVIN JONES

Phone

3619497025

Tax Period

2023-01-01 to 2023-12-31

PADRE ISLES PROPERTY OWNERS ASSOCIATION INC, founded in 1976, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. The organization ran a surplus of $551K, a strong 22% operating margin.

Mission

PROVIDE COMMON AREA MAINTENANCE, BEAUTIFICATION, AND PROMOTE SOCIAL WELFARE FOR RESIDENTS OF PADRE ISLAND , CORPUS CHRISTI, TEXAS SUBDIVIDSIONS

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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 $2,088,735

Investment Income $314,720

Other Revenue $124,166

TOTAL REVENUE $2,527,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,728

Fundraising Expenses $0

Program Expenses $1,759,820

Other Expenses $1,674,030

TOTAL EXPENSES $1,976,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,527,621	$2,372,485	+0.1%
Expenses	$1,976,758	$1,909,898	+0.0%
Net Income	$550,863	$462,587	+0.2%

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

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
DREW DIGGINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID ROSSI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HERB BRADLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
RAY SINGELTON	TREASURER	2.00	Officer Director	$0	$0	$0
JEFFERY RACKLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL DAVENPORT	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN PLOTNIK	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$2,527,621	$1,976,758	$13,633,391	$550,863
2022	$2,372,485	$1,909,898	$12,626,423	$462,587
2021	$2,399,590	$1,623,649	$13,061,456	$775,941
2020	$2,766,400	$1,580,736	$12,122,109	$1,185,664
2019	$2,227,518	$1,605,152	$10,710,521	$622,366
2018	$2,178,956	$1,544,438	$9,771,988	$634,518

PADRE ISLES PROPERTY OWNERS ASSOCIATION INC