LaffiteS Cove Property Owners Association

EIN: 760543779 Housing & Shelter

HOUSTON, TX

Total Revenue
$234,319
Total Expenses
$216,746
Total Assets
$385,569
Net Assets
$278,520
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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
TX
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

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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%)

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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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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