Hearthstone Homeowners Association… - 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

1975

Legal Domicile

Phone

2818700585

Tax Period

2024-01-01 to 2024-12-31

Hearthstone Homeowners Association Inc, founded in 1975, is a small nonprofit that reported $775K in total revenue in fiscal year 2024. Expenses of $719K left a modest 7% surplus.

Mission

Association formed for maintenance, operation and preservation of the common property within the area.

Program Service Accomplishments

Program 1

Expenses: $386,601

The Association provides landscaping, improvements and utilities to the common and recreation areas for the benefit of the owners and visitors to the area.

Program 2

Expenses: $217,749

The Association maintains all common areas,including pest control; provides community events,insurance and daily operations for the welfare of the residents and visitors.

Program 3

Expenses: $10,318

The Association provides patrol services for the welfare and benefit of the owners and visitors to the 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 $644,837

Investment Income $9,475

Other Revenue $120,375

TOTAL REVENUE $774,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $614,668

Other Expenses $719,050

TOTAL EXPENSES $719,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$774,687	$783,787	0.0%
Expenses	$719,050	$669,698	+0.1%
Net Income	$55,637	$114,089	-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
Robert C Comeaux	Director	2.00	Director	$0	$0	$0
Nicole Allen	Director	2.00	Director	$0	$0	$0
Terry Gingell	President	2.00	Officer Director	$0	$0	$0
Amber Stolt	Vice President	2.00	Officer Director	$0	$0	$0
Virgil Hydes	Secretary	2.00	Officer Director	$0	$0	$0
Michael Looney	Treasurer	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
2024	$774,687	$719,050	$1,043,805	$55,637
2023	$783,787	$669,698	$944,756	$114,089
2022	$992,639	$990,425	$876,681	$2,214
2021	$927,019	$972,157	$933,740	$-45,138
2020	$861,116	$891,225	$944,964	$-30,109
2019	$805,641	$797,147	$928,964	$8,494
2018	$741,857	$739,646	$906,330	$2,211

Hearthstone Homeowners Association Inc