LaffiteS Cove Property Owners Asso… - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

JED GOOALL

Phone

8326784500

Tax Period

2024-07-01 to 2025-06-30

LaffiteS Cove Property Owners Association, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $234K in total revenue in fiscal year 2024. Expenses of $217K left a modest 7% surplus.

Mission

CIVIC AND SOCIAL WELFARE ORGANIZATION - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND COMMUNITY THROUGH THE FOLLOWING OBJECTIVES

Program Service Accomplishments

Program 1

Expenses: $209,671 Revenue: $229,369

Objective 1 - To maintain trees, shrubs, flowers, and landscape in the neighborhood for the enjoyment of the community.

Program 2

Expenses: $1,828 Revenue: $2,000

Objective 2 - To provide recreation and exercise facilities in the neighborhood for the enjoyment of the community.

Program 3

Expenses: $2,162 Revenue: $2,365

To provide security and welfare in the neighborhood for the protection of 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 $233,734

Investment Income $585

Other Revenue $0

TOTAL REVENUE $234,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,661

Other Expenses $216,746

TOTAL EXPENSES $216,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,319	$231,219	+0.0%
Expenses	$216,746	$218,179	0.0%
Net Income	$17,573	$13,040	+0.3%

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
JED GOODALL	PRESIDENT	N/A	Officer Director	$0	$0	$0
BET JENNINGS	VICE PRESIDENT	N/A	Officer Director	$0	$0	$0
BEN HOCK	Secretary	N/A	Officer Director	$0	$0	$0
Zack Hart	Director	N/A	Director	$0	$0	$0
Clint Wetmore	Director	N/A	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	$234,319	$216,746	$385,569	$17,573
2024	$231,219	$218,179	$402,173	$13,040

LaffiteS Cove Property Owners Association