HERITAGE HOMEOWNERS ASSOCIATION INC (EIN 752945247) - 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

2000

Legal Domicile

Principal Officer

BRIAN BLACK

Phone

8177411912

Tax Period

2023-10-01 to 2024-09-30

HERITAGE HOMEOWNERS ASSOCIATION INC, founded in 2000, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Expenses of $1.9M left a modest 8% surplus.

Mission

HERITAGE HOMEOWNERS ASSOCIATION IS RESPONSIBLE FOR THE ADMINISTRATION AND PRESERVATION OF THE COMMUNITY; INCLUDING COMMUNITY ELECTIONS, COMMUNITY STANDARDS AND ADMINISTRATION, FINANCIAL OPERATIONS, LANDSCAPE AND MAINTENANCE OF COMMON AREAS, LIAISON TO REAL ESTATE AGENTS, AND NON-CUSTOM HOME MODIFICATIONS.

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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 $1,895,864

Investment Income $169,965

Other Revenue $0

TOTAL REVENUE $2,065,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,736,237

Other Expenses $1,897,108

TOTAL EXPENSES $1,897,108

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,065,829	$1,952,178	+0.1%
Expenses	$1,897,108	$1,643,484	+0.2%
Net Income	$168,721	$308,694	-0.5%

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
KEITH SIMPSON	DIRECTOR	5.00	Director	$0	$0	$0
BRIAN BLACK	PRESIDENT	5.00	Officer	$0	$0	$0
JENNIFER SAMUELS	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MARJORIE WOFFORD	SECRETARY	5.00	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	$2,065,829	$1,897,108	$3,924,331	$168,721
2023	$1,952,178	$1,643,484	$3,704,794	$308,694
2022	$1,724,982	$1,740,387	$3,381,344	$-15,405
2021	$1,703,538	$1,534,943	$3,382,000	$168,595
2020	$1,639,165	$1,526,922	$3,210,117	$112,243

HERITAGE HOMEOWNERS ASSOCIATION INC