HOMEOWNERS ASSOCIATION OF TIMBER FOREST INC (EIN 760402310) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

B Eugene Newsom

Phone

7139819000

Tax Period

2024-01-01 to 2024-12-31

HOMEOWNERS ASSOCIATION OF TIMBER FOREST INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $252K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $55K, a strong 22% operating margin.

Mission

THE PRIMARY PURPOSE FOR WHICH THE CORPORATION IS ORGANIZED IS TO PROMOTE AND DEVELOP THE COMMON GOOD AND SOCIAL WELFARE FOR THE COMMUNITY OF TIMBER FOREST.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $243,652

Investment Income $8,571

Other Revenue $0

TOTAL REVENUE $252,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,752

Other Expenses $197,077

TOTAL EXPENSES $197,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,223	$220,836	+0.1%
Expenses	$197,077	$241,324	-0.2%
Net Income	$55,146	$-20,488	-3.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
Charles Lopez	DIRECTOR	2.00	Director	$0	$0	$0
B Eugene Newsom	VICE PRESISENT/SEC	2.00	Director	$0	$0	$0
Mitchell Walton	TREASURER	2.00	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	$252,223	$197,077	$417,367	$55,146
2023	$220,836	$241,324	$357,049	$-20,488
2022	$226,797	$200,996	$398,724	$25,801
2021	$204,716	$216,783	$373,104	$-12,067
2020	$208,399	$171,130	$374,567	$37,269
2019	$213,875	$259,339	$342,333	$-45,464
2018	$210,897	$205,069	$389,281	$5,828

HOMEOWNERS ASSOCIATION OF TIMBER FOREST INC