WESTBOURNE HOMEOWNERS ASSOCIATION (EIN 742093997) - 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

1979

Legal Domicile

Phone

8325151943

Tax Period

2023-01-01 to 2023-12-31

WESTBOURNE HOMEOWNERS ASSOCIATION, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $282K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $259K left a modest 8% surplus.

Mission

CIVIC AND SOCIAL WELFARE ORGANIZATION-PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND THE PROPERTY, AND PROVIDING SERVICES 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $270,488

Investment Income $987

Other Revenue $10,767

TOTAL REVENUE $282,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,404

Other Expenses $258,953

TOTAL EXPENSES $258,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,242	$300,187	-0.1%
Expenses	$258,953	$253,857	+0.0%
Net Income	$23,289	$46,330	-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

773

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
JASON BOLDT	Secretary	2.00	Officer Director	$0	$0	$0
ROB NORDENSTROM	Vice President	2.00	Officer Director	$0	$0	$0
GAIL MEDINA	President	2.00	Officer Director	$0	$0	$0
PAT TOPPENBERG	Treasurer	2.00	Officer Director	$0	$0	$0
JUAN HERRERA	MEMBER AT LARGE	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	$282,242	$258,953	$378,876	$23,289
2022	$300,187	$253,857	$339,423	$46,330
2021	$306,325	$350,431	$267,484	$-44,106
2020	$303,707	$308,934	$305,862	$-5,227

WESTBOURNE HOMEOWNERS ASSOCIATION