MEMORIAL THICKET HOMEOWNERS ASSOCI… - 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

1979

Legal Domicile

Principal Officer

RAYMOND SCHMIDT

Phone

8324181111

Tax Period

2023-01-01 to 2023-12-31

MEMORIAL THICKET HOMEOWNERS ASSOCIATION INC, founded in 1979, is a small nonprofit in the Community Improvement sector that reported $322K in total revenue in fiscal year 2023. Expenses of $299K left a modest 7% surplus.

Mission

TO MAINTAIN AND ENHANCE THE SURROUNDINGS OF THE COMMUNITY AND KEEP IT SAFE.

Program Service Accomplishments

Program 1

Expenses: $185,176 Revenue: $0

THE ASSOCIATION CONTRACTS WITH A CONTRACTOR FOR UNIFORMED PERSONNEL TO PATROL AND OTHERWISE MAINTAIN SECURITY IN THE COMMUNITY.

Program 2

Expenses: $45,801 Revenue: $0

THE ASSOCIATION CONTRACTS WITH A SANITATION COMPANY FOR TRASH REMOVAL AND RECYCLING IN SIMILAR FASHION TO CITIES AND OTHER MUNICIPALITIES.

Program 3

Expenses: $47,007 Revenue: $0

THE ASSOCIATION MAINTAINS, IRRIGATES AND LANDSCAPES ENTRANCES, ROADSIDE AREAS, AND COMMON AREAS. THIS MAINTENANCE ENHANCES AND BEAUTIFIES 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 $302,100

Investment Income $3,089

Other Revenue $16,431

TOTAL REVENUE $321,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $277,984

Other Expenses $299,459

TOTAL EXPENSES $299,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$321,620	$314,849	+0.0%
Expenses	$299,459	$299,042	+0.0%
Net Income	$22,161	$15,807	+0.4%

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
MEGHAN LEE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JERRY FABIAN	VP SECURITY	2.00	Officer Director	$0	$0	$0
LYN BUZA	SECRETARY	2.00	Officer Director	$0	$0	$0
RAY SCHMIDT	TREASURER	2.00	Officer Director	$0	$0	$0
MARY SERGESKETTER	VP-OPERATIONS	2.00	Officer Director	$0	$0	$0
GREG SERGESKETTER	ASSIST. TREASURER	2.00	Officer	$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	No data	No data	No data	No data
2023	$321,620	$299,459	$832,484	$22,161
2022	$314,849	$299,042	$792,148	$15,807
2021	$303,162	$307,511	$772,516	$-4,349
2020	$313,280	$264,858	$787,042	$48,422
2019	$297,496	$269,700	$704,475	$27,796
2018	$290,670	$325,049	$683,880	$-34,379

MEMORIAL THICKET HOMEOWNERS ASSOCIATION INC