THE FOREST OF FRIENDSWOOD HOMEOWNERS ASSOCIATION (EIN 760575949) - 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

1988

Principal Officer

KENNETH KRUSE

Tax Period

2024-01-01 to 2024-12-31

THE FOREST OF FRIENDSWOOD HOMEOWNERS ASSOCIATION, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $460K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $703K exceeded revenue, resulting in a 53% operating deficit.

Mission

PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND COMMUNITY THROUGH MAINTAINING AND MANAGING THE PUBLIC AREAS OF THE FOREST OF FRIENDSWOOD HOMEOWNERS ASSOCIATION, INC.

🔒

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 $446,814

Investment Income $13,104

Other Revenue $0

TOTAL REVENUE $459,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $667,097

Other Expenses $702,689

TOTAL EXPENSES $702,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$459,918	$407,078	+0.1%
Expenses	$702,689	$372,911	+0.9%
Net Income	$-242,771	$34,167	-8.1%

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
DAVE BARRON	SECRETARY	1.00	Officer Director	$0	$0	$0
KENNETH KRUSE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JANET SINOPOLI	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LARRY SMITH	MEMBER AT LA	1.00	Director	$0	$0	$0
MIRIAM WADDELL	TREASURER	1.00	Officer 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	$459,918	$702,689	$952,060	$-242,771
2023	$419,632	$282,428	$1,223,825	$137,204
2022	$407,078	$372,911	$1,051,014	$34,167
2021	$382,071	$274,035	$1,023,286	$108,036
2020	$386,879	$303,996	$894,956	$82,883
2019	$391,777	$270,404	$778,337	$121,373
2018	$393,156	$362,133	$660,414	$31,023

THE FOREST OF FRIENDSWOOD HOMEOWNERS ASSOCIATION