Tanglewood Homes Association Inc

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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

1948

Legal Domicile

Phone

7137811642

Tax Period

2025-01-01 to 2025-12-31

Tanglewood Homes Association Inc, founded in 1948, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2025. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.3M left a modest 11% surplus.

Mission

Provide common area maintenance, security, and enforcement of deed restrictions and covenants for the residents of Tanglewood subdivision containing 1,222 lots.

Program Service Accomplishments

Program 1

Expenses: $1,455,542

Organization provides security staffing and equipment for the safety and welfare of the community owners and visitors.

Program 2

Expenses: $578,528

Organization provides common area grounds maintenance, general repairs and equipment mainatenance including staffing, insurance, and other daily operations for the benefit and welfare of the...

Organization provides common area grounds maintenance, general repairs and equipment mainatenance including staffing, insurance, and other daily operations for the benefit and welfare of the community.

Program 3

Expenses: $428,163

Organization provides sanitation services for benefit and safety 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,524,130

Investment Income $133,006

Other Revenue $69,368

TOTAL REVENUE $3,726,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,608,409

Fundraising Expenses $0

Program Expenses $2,462,233

Other Expenses $1,713,257

TOTAL EXPENSES $3,321,666

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,726,504	$3,150,788	+0.2%
Expenses	$3,321,666	$3,287,469	+0.0%
Net Income	$404,838	$-136,681	-4.0%

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

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

$153,737

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Boyd	Former General Manager	40.00	Key Emp	$153,737	$0	$153,737
Liz Lockwood	Director	2.00	Director	$0	$0	$0
Andrew Kollaer	Director	2.00	Director	$0	$0	$0
Richard Anderson Cokinos	President	2.00	Officer Director	$0	$0	$0
Jeff Peden	Vice President	2.00	Officer Director	$0	$0	$0
George Smith	Director	2.00	Director	$0	$0	$0
George Robertson	Secretary Vice President	2.00	Officer Director	$0	$0	$0
David Peterman	Vice President	2.00	Officer Director	$0	$0	$0
Steven Cope	Treasurer Vice President Finance	2.00	Officer Director	$0	$0	$0
Linda Burdine	Director	2.00	Director	$0	$0	$0
Mike Harp	General Manager	40.00	Key Emp	$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	$3,726,504	$3,321,666	$2,313,241	$404,838
2024	$3,150,788	$3,287,469	$1,886,802	$-136,681
2023	$3,086,517	$2,920,706	$1,968,483	$165,811
2022	$2,087,446	$2,457,203	$1,867,172	$-369,757
2021	$1,937,017	$1,998,765	$2,297,553	$-61,748
2020	$1,987,069	$1,945,447	$2,424,463	$41,622
2019	$1,816,178	$1,999,696	$2,398,344	$-183,518
2018	$1,769,801	$1,650,033	$2,696,805	$119,768