Tanglewood Homes Association Inc (EIN 746043247) - 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

1948

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Tanglewood Homes Association Inc, founded in 1948, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024.

Mission

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

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,953,000

Investment Income $145,254

Other Revenue $52,534

TOTAL REVENUE $3,150,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,551,702

Fundraising Expenses $0

Program Expenses $2,342,081

Other Expenses $1,735,767

TOTAL EXPENSES $3,287,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,150,788	$3,086,517	+0.0%
Expenses	$3,287,469	$2,920,706	+0.1%
Net Income	$-136,681	$165,811	-1.8%

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

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

$139,682

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Boyd	General Manager	40.00	Key Emp	$139,682	$0	$139,682
Dion Cornett	Director	2.00	Director	$0	$0	$0
George Robertson	Director	2.00	Director	$0	$0	$0
George Smith	Director	2.00	Director	$0	$0	$0
Linda Burdine	Director	2.00	Director	$0	$0	$0
Paige Cokinos	President	2.00	Officer Director	$0	$0	$0
Laura Kelsey	Vice President	2.00	Officer Director	$0	$0	$0
Richard Anderson	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	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	$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

Tanglewood Homes Association Inc