Memorial Springs Homeowners Associa (EIN 760672582) - 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

1990

Legal Domicile

Phone

9729602800

Tax Period

2024-01-01 to 2024-12-31

Memorial Springs Homeowners Associa, founded in 1990, is a small nonprofit that reported $438K in total revenue in fiscal year 2024. Expenses of $373K left a modest 15% surplus.

Mission

The Association provides security and welfare, provide recreation areas, and provide maintenance for neighborhood beautification.

🔒

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 $385,281

Investment Income $8,066

Other Revenue $44,992

TOTAL REVENUE $438,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $250,752

Other Expenses $373,434

TOTAL EXPENSES $373,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$438,339	$453,247	0.0%
Expenses	$373,434	$545,029	-0.3%
Net Income	$64,905	$-91,782	-1.7%

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

N/A

Independent Members

N/A

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
Paul Godwin	VP	2.00	Officer Director	$0	$0	$0
Donald Hall	Secretary	2.00	Officer Director	$0	$0	$0
Kara Rigsby	Treasurer	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
2025	No data	No data	No data	No data
2024	$438,339	$373,434	$869,170	$64,905
2023	$453,247	$545,029	$560,376	$-91,782
2022	$578,978	$353,949	$677,192	$225,029
2021	$443,563	$353,529	$595,596	$90,034
2020	$422,378	$612,528	$499,195	$-190,150
2019	$417,771	$420,096	$666,191	$-2,325
2018	$425,451	$395,848	$675,287	$29,603

Memorial Springs Homeowners Associa