LAGOON BEACH RESIDENTS ASSOCIATION INC (EIN 770284592) - 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

1991

Legal Domicile

Principal Officer

SABRINA CASTRO

Phone

3038303300

Tax Period

2024-01-01 to 2024-12-31

LAGOON BEACH RESIDENTS ASSOCIATION INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $351K in total revenue in fiscal year 2024. Expenses of $468K exceeded revenue, resulting in a 33% operating deficit.

Mission

THE ASSOCIATION'S EXEMPT FUNCTION/PURPOSE IS TO PROVIDE AFFORDABLE HOUSING AS A LIMITED EQUITY HOUSING COOPERATIVE TO LOW- OR VERY LOW-INCOME FAMILIES.

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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 $37,768

Program Service Revenue $299,825

Investment Income $3,952

Other Revenue $9,130

TOTAL REVENUE $350,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $454,073

Other Expenses $467,521

TOTAL EXPENSES $467,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$350,675	$330,058	+0.1%
Expenses	$467,521	$484,603	0.0%
Net Income	$-116,846	$-154,545	-0.2%

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

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
SABRINA CASTRO	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTHA CHAVEZ	DIRECTOR	1.00	Director	$0	$0	$0
JANETTE HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
NANCY FRAGOZO	DIRECTOR	1.00	Director	$0	$0	$0
MARIA MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
KITZIA OROZCO	DIRECTOR	1.00	Director	$0	$0	$0
GUADALUPE PRESA	DIRECTOR	1.00	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	$350,675	$467,521	$2,275,186	$-116,846
2023	$330,058	$484,603	$2,369,546	$-154,545
2022	$304,714	$457,597	$2,506,565	$-152,883
2021	$302,900	$425,457	$2,617,961	$-122,557
2020	$281,216	$377,625	$2,211,942	$-96,409
2019	$293,374	$396,043	$2,021,797	$-102,669
2018	$274,264	$374,685	$2,065,867	$-100,421

LAGOON BEACH RESIDENTS ASSOCIATION INC