FAIRMONT PARK EAST HOMEOWNERS' ASSOC (EIN 760035172) - 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

1982

Principal Officer

CHARLES ROTHMUND

Phone

2819478675

Tax Period

2025-01-01 to 2025-12-31

FAIRMONT PARK EAST HOMEOWNERS' ASSOC, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $303K in total revenue in fiscal year 2025. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $376K exceeded revenue, resulting in a 24% operating deficit.

Mission

CIVIC AND SOCIAL WELFARE ORGANIZATION - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND MEMBERS OF THE COMMUNITY THROUGH MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND THE PROPERTY, INCLUDING SERVICES TO 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $301,108

Investment Income $2,358

Other Revenue $0

TOTAL REVENUE $303,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $309,580

Other Expenses $200,014

TOTAL EXPENSES $376,344

Year-over-Year Comparison

	2025	2024	Change
Revenue	$303,466	$215,601	+0.4%
Expenses	$376,344	$289,669	+0.3%
Net Income	$-72,878	$-74,068	0.0%

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

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
CORDY JACKSON	DIRECTOR	N/A	Officer Director	$0	$0	$0
RETHNA MORVANT	SECRETARY	N/A	Director	$0	$0	$0
MICHAEL PRASEK	TREASURER	N/A	Officer Director	$0	$0	$0
CHARLES ROTHMUND	PRESIDENT	N/A	Officer Director	$0	$0	$0
GLENN SABADOSA	VICE PRESIDE	N/A	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
2025	$303,466	$376,344	$291,453	$-72,878
2024	$215,601	$289,669	$360,646	$-74,068
2023	$327,390	$323,692	$477,287	$3,698
2022	$276,112	$338,313	$479,578	$-62,201
2021	$285,088	$282,321	$545,128	$2,767
2020	$296,317	$280,093	$535,264	$16,224
2019	$253,759	$298,693	$510,324	$-44,934
2018	$305,624	$266,016	$518,575	$39,608

FAIRMONT PARK EAST HOMEOWNERS' ASSOC