Woodlake Forest IV Homeowners Association Inc (EIN 760237460) - 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

1973

Legal Domicile

Principal Officer

Timothy Adcock

Phone

7135822214

Tax Period

2024-01-01 to 2024-12-31

Woodlake Forest IV Homeowners Association Inc, founded in 1973, is a small nonprofit in the Housing & Shelter sector that reported $596K in total revenue in fiscal year 2024. Expenses of $543K left a modest 9% surplus.

Mission

MAINTENANCE OF THE COMMON AREAS AND PROMOTION OF SOCIAL WELFARE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $582,928

Investment Income $0

Other Revenue $13,425

TOTAL REVENUE $596,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $504,770

Other Expenses $543,052

TOTAL EXPENSES $543,052

Year-over-Year Comparison

	2024	2023	Change
Revenue	$596,353	$581,827	+0.0%
Expenses	$543,052	$437,976	+0.2%
Net Income	$53,301	$143,851	-0.6%

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
John Williams	President	3.00	Officer Director	$0	$0	$0
Scott Cooley	Vice President	3.00	Officer Director	$0	$0	$0
DOROTHY THOMPSON	Secretary	3.00	Officer Director	$0	$0	$0
ELLEN LEBLANC	Treasurer	3.00	Officer Director	$0	$0	$0
JOHN HARRISON	Trustee	3.00	Director	$0	$0	$0
Kimberly Thompson	Trustee	3.00	Director	$0	$0	$0
Marie Hartnett	Trustee	3.00	Director	$0	$0	$0
JOHN WILLIAMS	Director	3.00	Officer Director	$0	$0	$0
Terry McConn	Director	3.00	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	$596,353	$543,052	$706,750	$53,301
2023	$581,827	$437,976	$640,613	$143,851
2022	$615,794	$574,992	$396,761	$40,802
2021	$567,666	$462,831	$468,898	$104,835
2020	$464,138	$444,850	$510,063	$19,288
2019	$469,387	$361,911	$520,775	$107,476
2018	$466,140	$416,401	$501,110	$49,739

Woodlake Forest IV Homeowners Association Inc