Greengate Place Homeowners Association Inc (EIN 742093065) - 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

1974

Legal Domicile

Phone

2812969775

Tax Period

2024-01-01 to 2024-12-31

Greengate Place Homeowners Association Inc, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $566K in total revenue in fiscal year 2024. Expenses of $671K exceeded revenue, resulting in a 19% operating deficit.

Mission

To promote the health, safety and welfare of the community residents.

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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 $564,347

Program Service Revenue $0

Investment Income $2,101

Other Revenue $0

TOTAL REVENUE $566,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $444,024

Other Expenses $671,446

TOTAL EXPENSES $671,446

Year-over-Year Comparison

	2024	2023	Change
Revenue	$566,448	$564,264	+0.0%
Expenses	$671,446	$590,072	+0.1%
Net Income	$-104,998	$-25,808	+3.1%

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
John Tatton	President	005.00	Officer Director	$0	$0	$0
Brenda Gavin	Vice President	005.00	Officer Director	$0	$0	$0
Jennifer McCoughan	Secretary	005.00	Officer Director	$0	$0	$0
Blasa Garcia	Treasurer	005.00	Officer Director	$0	$0	$0
Andrea Bienek	Director	005.00	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	$566,448	$671,446	$330,055	$-104,998
2023	$564,264	$590,072	$445,048	$-25,808
2022	$550,112	$570,772	$460,794	$-20,660
2021	$585,891	$516,074	$503,993	$69,817
2020	$596,335	$584,627	$422,786	$11,708
2019	$559,743	$503,767	$480,035	$55,976
2018	$548,273	$521,015	$349,796	$27,258

Greengate Place Homeowners Association Inc