VICTORY LAKES COMMUNITY ASSOCIATION INC

EIN: 760683944 Community Improvement

HOUSTON, TX

Total Revenue
$629,165
Total Expenses
$755,462
Total Assets
$596,882
Net Assets
$455,167
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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
Phone
8008084882
Tax Period
2024-01-01 to 2024-12-31

VICTORY LAKES COMMUNITY ASSOCIATION INC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $629K in total revenue in fiscal year 2024. Expenses of $755K exceeded revenue, resulting in a 20% operating deficit.

Mission

THIS ORGANIZATION IS A HOMEOWNERS ASSOCIATION SO THE ORGANIZATIONS MISSION IS TO PROVIDE MAINTENANCE AND PRESERVATION OF THE COMMON AREAS WHICH BENEFIT THE COMMUNITY AND PUBLIC AT LARGE.

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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 $0
Investment Income $10,585
Other Revenue $618,580
TOTAL REVENUE $629,165

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $755,462
TOTAL EXPENSES $755,462

Year-over-Year Comparison

2024 2023 Change
Revenue $629,165 N/A N/A
Expenses $755,462 N/A N/A
Net Income $-126,297 N/A N/A
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
2
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON E ALLEN PRESIDENT 1.00
Officer
$0 $0 $0
KATIE L ZEKA VICE-PRESIDENT 1.00
Officer
$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 $629,165 $755,462 $596,882 $-126,297
2023 $834,303 $814,531 $619,160 $19,772
2022 $584,828 $749,194 $687,148 $-164,366
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