PARK AT LINCOLN HEIGHTS HOA (EIN 742483376) - 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

1987

Legal Domicile

Principal Officer

JIM KELSO

Phone

8664031588

Tax Period

2020-01-01 to 2020-12-31

PARK AT LINCOLN HEIGHTS HOA, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $127K in total revenue in fiscal year 2020. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $143K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO MAINTAIN THE PROPERTY'S COMMON AREAS FOR THE COMMUNITY AND TO BENEFIT FROM AND ENFORCE STANDARDS FOR THE GOOD OF 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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $125,148

Investment Income $700

Other Revenue $1,474

TOTAL REVENUE $127,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $130,055

Other Expenses $142,688

TOTAL EXPENSES $142,688

Year-over-Year Comparison

	2020	2019	Change
Revenue	$127,322	$117,215	+0.1%
Expenses	$142,688	$102,619	+0.4%
Net Income	$-15,366	$14,596	-2.1%

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

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
CHARLENE FRIEDSAM	DIRECTOR AT	2.00	Director	$0	$0	$0
JIM KELSO	PRESIDENT	2.00	Officer Director	$0	$0	$0
HEATHER MAFRIGE	DIRECTOR AT	2.00	Director	$0	$0	$0
DEBORAH MCDONALD	DIRECTOR AT	2.00	Director	$0	$0	$0
LORETTA PATTERSON	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD PLANTO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
THOMAS SPURGEON	SECRETARY	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
2020	$127,322	$142,688	$250,752	$-15,366
2019	$117,215	$102,619	$252,818	$14,596
2018	$249,336	$199,258	$241,956	$50,078

PARK AT LINCOLN HEIGHTS HOA