PROPERTY OWNERS ASSN OF LEGENDS (EIN 810626845) - 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

2003

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

PROPERTY OWNERS ASSN OF LEGENDS, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION PROPERTY AND PROVIDING SERVICES TO THE COMMUNITY

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,486,980

Program Service Revenue $0

Investment Income $9,397

Other Revenue $196,208

TOTAL REVENUE $1,692,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,098

Fundraising Expenses $0

Program Expenses $1,504,425

Other Expenses $1,755,539

TOTAL EXPENSES $1,864,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,692,585	N/A	N/A
Expenses	$1,864,637	N/A	N/A
Net Income	$-172,052	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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
TERRANCE SOOKDEO	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$1,692,585	$1,864,637	$2,972,128	$-172,052
2022	$1,635,112	$1,593,663	$3,020,362	$41,449
2021	$1,664,085	$1,625,197	$2,969,932	$38,888
2020	$1,684,104	$1,623,706	$2,863,040	$60,398
2020	$1,684,104	$1,623,706	$2,863,040	$60,398
2019	$1,621,759	$1,323,082	$2,568,461	$298,677
2018	$1,416,182	$1,298,507	$2,425,245	$117,675

PROPERTY OWNERS ASSN OF LEGENDS