HILLS OF LAKEWAY PROPERTY OWNERS ASSOCIATION INC (EIN 742248353) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

MARK WOLSTROMER

Phone

5122616845

Tax Period

2023-01-01 to 2023-12-31

HILLS OF LAKEWAY PROPERTY OWNERS ASSOCIATION INC, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 4% surplus.

Mission

THE HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. IS A MUTUAL BENEFIT NON-PROFIT CORPORATION FORMED AND OPERATED UNDER THE LAWS OF THE STATE OF TEXAS. THE HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. IS A SELF- SUPPORTING COMMUNITY LOCATED IN TEXAS. THE COMMUNITY OF THE HILLS OF LAKEWAY PROPERTY OWNER'S ASSOCIATION, INC. CONSISTS OF 1,086 RESIDENTIAL LOTS COMPRISING APPROXIMATELY 678 ACRES, AND SOME 2,500 RESIDENTS, AND COMMON AREAS CONSISTING OF 16 MILES OF ROADS, RELATED STREET LIGHTS, AND SECURITY GATES. THE MUNICIPALITY OF "THE VILLAGE OF THE HILLS" ENCOMPASSES VIRTUALLY THE SAME GEOGRAPHIC AREA AS THE ASSOCIATION, INCLUDING 100% OF THE 678 ACRES OF THE ASSOCIATION, PLUS AN ADDITIONAL FOUR ACRES OUTSIDE THE ASSOCIATION. LOCATED WITHIN THE ASSOCIATION BOUNDARIES IS A PRIVATE GOLF CLUB, THE HILLS COUNTRY CLUB, THAT IS OWNED AND MANAGED BY CLUBCORP. THIS GOLF CLUB IS NOT PART OF THE ASSOCIATION ITSELF. THE GOLF CLUB MEMBERSHIPS ARE AVAILABLE TO THE GENERAL PUBLIC, SO THE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,229,208

Program Service Revenue $0

Investment Income $91,098

Other Revenue $242,401

TOTAL REVENUE $1,562,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,492,790

Other Expenses $1,492,790

TOTAL EXPENSES $1,492,790

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,562,707	$1,164,762	+0.3%
Expenses	$1,492,790	$1,261,555	+0.2%
Net Income	$69,917	$-96,793	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
THOMAS HARRELSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAUREEN FRANZ	DIRECTOR	1.00	Director	$0	$0	$0
MARK WOLSTROMER	TREASURER	1.00	Officer Director	$0	$0	$0
JOEL PAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES COOK	DIRECTOR	1.00	Director	$0	$0	$0
ROMAN PATENT	DIRECTOR	1.00	Director	$0	$0	$0
SARA JENKINS	DIRECTOR	1.00	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
2023	$1,562,707	$1,492,790	$2,621,602	$69,917
2022	$1,164,762	$1,261,555	$2,467,205	$-96,793
2021	$1,327,129	$1,067,380	$2,600,827	$259,749
2020	$1,270,059	$1,557,720	$2,339,677	$-287,661
2019	$1,230,995	$1,029,317	$2,671,646	$201,678

HILLS OF LAKEWAY PROPERTY OWNERS ASSOCIATION INC