THE LAS COLINAS ASSOCIATION

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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

J HAMMOND PEROT

Phone

9725412345

Tax Period

2023-01-01 to 2023-12-31

THE LAS COLINAS ASSOCIATION, founded in 1973, is a mid-sized nonprofit that reported $17.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO SERVE AS THE STEWARD FOR THE LAS COLINAS COMMUNITY BY CREATING AND MAINTAINING AN EXCEPTIONAL ENVIRONMENT FOR MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $6,554,294 Revenue: $18,096

COMMON PROPERTY - MAINTAINS PUBLIC PARKS AND GREEN BELTS; MAINTAINS LANDSCAPING OF AND CONTROLS LITTER IN THE STREETS, MEDIANS, CONTIGUOUS OPEN SPACES, AND RIGHTS-OF-WAY.

Program 2

Expenses: $2,898,404 Revenue: $16,103,189

PUBLIC SAFETY AND CRIME PREVENTION - PROVIDES SECURITY PATROLS AND ALARM MONITORING TO THE COMMUNITY.

Program 3

Expenses: $1,074,390 Revenue: $15,555

PROPERTY COMPLIANCE - THE ASSOCIATION HAS A STAFF OF SEVEN PROPERTY COMPLIANCE OFFICERS WHO ROUTINELY MONITOR ITS PROPERTIES FOR ONGOING MAINTENANCE AS WELL AS COMPLIANCE WITH THE ASSOCIATION'S...

PROPERTY COMPLIANCE - THE ASSOCIATION HAS A STAFF OF SEVEN PROPERTY COMPLIANCE OFFICERS WHO ROUTINELY MONITOR ITS PROPERTIES FOR ONGOING MAINTENANCE AS WELL AS COMPLIANCE WITH THE ASSOCIATION'S MAINTENANCE STANDARDS AND PREVIOUSLY APPROVED PLANS.

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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 $16,451,430

Investment Income $767,417

Other Revenue $456,406

TOTAL REVENUE $17,675,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,037,977

Fundraising Expenses $0

Program Expenses $14,494,198

Other Expenses $13,670,034

TOTAL EXPENSES $18,708,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,675,253	$15,548,179	+0.1%
Expenses	$18,708,011	$15,648,890	+0.2%
Net Income	$-1,032,758	$-100,711	+9.3%

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

$771,960

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY OPITZ	CHAIRMAN	4.00	Officer Director	$0	$0	$0
HARRY LAKE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KENNETH GWYN	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREW LODEESEN	TREASURER	2.00	Officer Director	$0	$0	$0
CARL KLINKE	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSHIL PATEL	BOARD MEMBER	2.00	Director	$0	$0	$0
KEN REESE	BOARD MEMBER (THROUGH MARCH 2023)	2.00	Director	$0	$0	$0
JOSEPH H PEROT	PRESIDENT	42.50	Officer	$300,148	$49,323	$349,471
LYNN C STRICKLAND	ASSISTANT TREASURER	42.50	Officer	$207,165	$19,776	$226,941
JENNIFER G AUSTIN	ASSISTANT SECRETARY	40.00	Officer	$176,552	$18,996	$195,548
J SCOTT WILSON	DIRECTOR OF COMMON PROPERT	40.00	Highest	$142,529	$18,093	$160,622
TIMOTHY C GLASS	DIR. STRATEGIC PLAN.	40.00	Highest	$135,692	$3,988	$139,680
JEFFREY S POSIVAL	DIRECTOR	40.00	Highest	$119,137	$17,366	$136,503
PHILIP A OCHSNER	DIRECTOR	40.00	Highest	$134,370	$17,847	$152,217
JAMES E COOK	DIRECTOR OF SECURITY SERVICES	40.00	Highest	$135,553	$17,829	$153,382

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	$17,675,253	$18,708,011	$31,898,683	$-1,032,758
2022	$15,548,179	$15,648,890	$32,037,615	$-100,711
2021	$16,281,459	$14,179,166	$32,652,078	$2,102,293
2020	$15,097,376	$11,986,140	$30,230,980	$3,111,236
2019	$14,143,869	$10,978,740	$26,953,599	$3,165,129
2018	$12,549,341	$10,059,096	$25,963,218	$2,490,245