Fulbrook Homeowners Assoc (EIN 760613387) - 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

1999

Legal Domicile

Phone

2816853090

Tax Period

2024-01-01 to 2024-12-31

Fulbrook Homeowners Assoc, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $876K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

Association organized to promote the safety and welfare of the residents and visitors to the Fulshear community area.

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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 $682,132

Investment Income $50,745

Other Revenue $143,257

TOTAL REVENUE $876,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $821,094

Other Expenses $939,701

TOTAL EXPENSES $939,701

Year-over-Year Comparison

	2024	2023	Change
Revenue	$876,134	$728,047	+0.2%
Expenses	$939,701	$841,889	+0.1%
Net Income	$-63,567	$-113,842	-0.4%

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

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
Jerry Melcher	Director	2.00	Director	$0	$0	$0
Harry Folloder	President	2.00	Officer Director	$0	$0	$0
Steve Mangle	VicePresident	2.00	Officer Director	$0	$0	$0
Gloria Blair	Treasurer	2.00	Officer Director	$0	$0	$0
Albino Castro	Secretary	2.00	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	$876,134	$939,701	$1,648,536	$-63,567
2023	$728,047	$841,889	$1,740,633	$-113,842
2022	$688,955	$739,706	$1,797,280	$-50,751
2021	$726,391	$591,742	$1,852,006	$134,649
2020	$711,055	$568,016	$1,647,487	$143,039

Fulbrook Homeowners Assoc