COPPER LAKES HOMEOWNERS ASSN (EIN 760416536) - 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

2011

Legal Domicile

Principal Officer

JEFFREY HACKWORTH

Tax Period

2023-01-01 to 2023-12-31

COPPER LAKES HOMEOWNERS ASSN, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $271K, a strong 16% operating margin.

Mission

THE ASSOCIATION MAINTAINS THE GREENBELTS, LAKES AND FOUNTAINS, TRASH SERVICES AND UTILITIES TO THE GENERAL COMMUNITY AND TO MAINTAIN PROPERTY VALUES TO THE ADJOINING COMMUNITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,465,686

Program Service Revenue $18,365

Investment Income $39,541

Other Revenue $123,106

TOTAL REVENUE $1,646,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,187,403

Other Expenses $1,376,093

TOTAL EXPENSES $1,376,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,646,698	$1,379,820	+0.2%
Expenses	$1,376,093	$1,432,880	0.0%
Net Income	$270,605	$-53,060	-6.1%

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
ROBERT GARRETT	DIRECTOR	4.00	Director	$0	$0	$0
STEPHEN SMALLEY	TREASURER	0.00	Officer	$0	$0	$0
JAMES ROBERSTON	SECRETARY	0.00	Officer	$0	$0	$0
JEFFREY HACKWORTH	PRESIDENT	2.00	Officer	$0	$0	$0
MICHAEL HARRIS	V PRESIDENT	0.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,646,698	$1,376,093	$2,029,958	$270,605
2022	$1,379,820	$1,432,880	$1,937,637	$-53,060
2021	$1,280,788	$1,306,915	$1,778,060	$-26,127
2020	$1,279,465	$1,356,698	$1,925,997	$-77,233
2019	$1,276,284	$1,071,642	$1,879,820	$204,642

COPPER LAKES HOMEOWNERS ASSN