KEY ALLEGRO CANAL OWNERS ASSOC

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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

1962

Legal Domicile

Principal Officer

MYATT HANCOCK

Phone

2104940659

Tax Period

2024-01-01 to 2024-12-31

KEY ALLEGRO CANAL OWNERS ASSOC, founded in 1962, is a small nonprofit that reported $616K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $768K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO MAINTAIN AND ADMINISTER THE COMMON FACILITIES AND INFRASTRUCTURE OF THE ASSOCIATION.

Program Service Accomplishments

Program 1

THE ORGANIZATION'S MISSION IS TO MAINTAIN AND ADMINISTER THE COMMON FACILITIES AND INFRASTRUCTURE OF THE ASSOCIATION.

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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 $558,133

Investment Income $55,068

Other Revenue $2,637

TOTAL REVENUE $615,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $767,862

TOTAL EXPENSES $767,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$615,838	$426,593	+0.4%
Expenses	$767,862	$504,436	+0.5%
Net Income	$-152,024	$-77,843	+1.0%

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

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
WILLIAM BLANCHARD	DIRECTOR	2.00	Director	$0	$0	$0
MYATT HANCOCK	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM MARTIN	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
GEORGE MORE	DIRECTOR	2.00	Director	$0	$0	$0
CLAYTON REASER	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN WENDELL	DIRECTOR	2.00	Director	$0	$0	$0
FORREST WORD	DIRECTOR	2.00	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
2024	$615,838	$767,862	$1,639,299	$-152,024
2023	$426,593	$504,436	$1,882,716	$-77,843
2022	$471,676	$480,754	$1,970,976	$-9,078
2021	$459,777	$443,271	$2,075,219	$16,506
2020	$559,533	$420,230	$2,141,332	$139,303
2019	$735,753	$733,160	$1,908,547	$2,593
2018	$509,490	$505,739	$2,418,112	$3,751