Wortham Grove Homeowners Associatio

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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

1997

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Wortham Grove Homeowners Associatio, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $208K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $183K left a modest 12% surplus.

Mission

Association formed to provide for the maintenance, improvements, safety and retention of property values for the welfare of the owners and community visitors.

Program Service Accomplishments

Program 1

Expenses: $70,881

Association provides grounds maintenance and improvements for all common areas throughout the property area for the benefit of the owners and visitors to the community.

Program 2

Expenses: $55,643

Association provides utilities, insurance, community activities for the benefit and welfare of the owners, residents, and visitors.

Program 3

Expenses: $30,660

Pool and recreation area maintenance are provided for the safety and welfare of residents and visitors.

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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 $200,284

Investment Income $6,375

Other Revenue $1,506

TOTAL REVENUE $208,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,184

Other Expenses $183,012

TOTAL EXPENSES $183,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,165	$178,019	+0.2%
Expenses	$183,012	$171,529	+0.1%
Net Income	$25,153	$6,490	+2.9%

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
Terence Pippin	Director	2.00	Director	$0	$0	$0
David Farrington	Secretary	2.00	Officer Director	$0	$0	$0
Kalford Young	Treasurer	2.00	Officer Director	$0	$0	$0
LeTroy Francisco	Vice President	2.00	Officer Director	$0	$0	$0
Scott Pool	President	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
2024	No data	No data	No data	No data
2023	$208,165	$183,012	$576,736	$25,153
2022	$178,019	$171,529	$548,789	$6,490
2021	$178,057	$159,882	$536,333	$18,175
2020	$180,374	$144,956	$511,342	$35,418