WESTFIELD HOMEOWNERS 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

1982

Legal Domicile

Phone

2104940659

Tax Period

2025-01-01 to 2025-12-31

WESTFIELD HOMEOWNERS ASSOCIATION, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $814K in total revenue in fiscal year 2025. The organization ran a surplus of $150K, a strong 18% operating margin.

Mission

THE ASSOCIATION MISSION IS TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE GREATER COMMUNITY AND MEMBERS OF THE ASSOCIATION. THE ASSOCIATION PROVIDES INSURANCE, UTILITIES, LANDSCAPE AND BEAUTIFICATION, SECURITY, AND AMENITIES SERVICES.

Program Service Accomplishments

Program 1

Expenses: $591,692

THE ASSOCIATION MISSION IS TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE GREATER COMMUNITY AND MEMBERS OF THE ASSOCIATION. THE ASSOCIATION PROVIDES INSURANCE, UTILITIES, LANDSCAPE AND...

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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 $793,584

Investment Income $1,246

Other Revenue $18,974

TOTAL REVENUE $813,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $591,692

Other Expenses $663,598

TOTAL EXPENSES $663,598

Year-over-Year Comparison

	2025	2024	Change
Revenue	$813,804	N/A	N/A
Expenses	$663,598	N/A	N/A
Net Income	$150,206	N/A	N/A

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
ARNOLD ADIGHIBE	MEMBER AT LARGE	3.00	Director	$0	$0	$0
KEVIN BROWN	MEMBER AT LARGE	3.00	Director	$0	$0	$0
ABRAHAM MONTEMAYOR	MEMBER AT LARGE	3.00	Director	$0	$0	$0
THOMAS CLARK	MEMBER AT LARGE	3.00	Director	$0	$0	$0
ROBERT NICOLETTI	President	3.00	Officer Director	$0	$0	$0
MARIAN MILLER	Secretary	3.00	Officer Director	$0	$0	$0
MARY CARPENTIER	Vice President	3.00	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
2025	$813,804	$663,598	$1,203,469	$150,206