Springpark Homeowners Association (EIN 751572216) - 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

1973

Legal Domicile

Principal Officer

CALEB LARSEN

Tax Period

2023-01-01 to 2023-12-31

Springpark Homeowners Association, founded in 1973, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 5% surplus.

Mission

CARE OF ASSOCIATION PROPERTY MAINTENANCE OF THE COMMON AREAS OF THE ASSOCIATION PROPERTY FOR THE BENEFIT OF THE NEIGHBORHOOD. MANAGEMENT OF THE AMENITIES

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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 $982,311

Program Service Revenue $0

Investment Income $25,572

Other Revenue $166,006

TOTAL REVENUE $1,173,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,571

Fundraising Expenses $0

Program Expenses $1,116,697

Other Expenses $835,126

TOTAL EXPENSES $1,116,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,173,889	$1,064,950	+0.1%
Expenses	$1,116,697	$1,099,781	+0.0%
Net Income	$57,192	$-34,831	-2.6%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA DAVIS	DIRECTOR	3.00	Director	$0	$0	$0
BRENT CHENEY	DIRECTOR	3.00	Director	$0	$0	$0
MICHELLE MONTAGUE	DIRECTOR	3.00	Director	$0	$0	$0
CALEB LARSEN	PRESIDENT	5.00	Officer	$0	$0	$0
CRAIG GIBBONS	TREASURER	3.00	Officer	$0	$0	$0
SPENCER GRANTHAM	VICE PRESIDENT	3.00	Officer	$0	$0	$0
JENNIFER SANDERSON	SECRETARY	3.00	Officer	$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	$1,173,889	$1,116,697	$1,420,860	$57,192
2022	$1,064,950	$1,188,449	$1,288,951	$-123,499
2021	$1,009,735	$946,349	$1,199,790	$63,386
2020	$970,917	$920,474	$1,040,852	$50,443
2019	$945,802	$863,128	$1,035,025	$82,674

Springpark Homeowners Association