BIRNAM WOOD III COMMUNITY ASSOCIATION INC (EIN 760010988) - 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

1976

Legal Domicile

Principal Officer

KATHLEEN HARRISON

Phone

2813508556

Tax Period

2024-01-01 to 2024-12-31

BIRNAM WOOD III COMMUNITY ASSOCIATION INC, founded in 1976, is a small nonprofit in the Housing & Shelter sector that reported $597K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $713K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO MAINTAIN COMMON AREAS, RECREATION AREA, AND PARK MAINTNENANCE; CONSTABLE LAW ENFORCEMENT - ALL FOR THE BENEFIT OF THE COMMUNITY.

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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 $495,654

Investment Income $1,993

Other Revenue $99,664

TOTAL REVENUE $597,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,308

Fundraising Expenses $0

Program Expenses $508,047

Other Expenses $539,722

TOTAL EXPENSES $713,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$597,311	$523,093	+0.1%
Expenses	$713,030	$727,849	0.0%
Net Income	$-115,719	$-204,756	-0.4%

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
PERRY TROSCLAIR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VALARIE SANKEY	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN HARRISON	TREASURER	2.00	Officer Director	$0	$0	$0
LES NOVAK	PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLI KNAPP	SECRETARY	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	$597,311	$713,030	$589,986	$-115,719
2023	No data	No data	No data	No data
2022	$552,751	$571,777	$474,435	$-19,026
2021	$560,927	$562,927	$660,376	$-2,000
2020	$500,715	$468,166	$1,196,100	$32,549
2019	$542,768	$566,356	$1,197,782	$-23,588
2018	$540,801	$518,533	$1,212,726	$22,268

BIRNAM WOOD III COMMUNITY ASSOCIATION INC