DEL WEBB THE WOODLANDS

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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

2015

Principal Officer

KIRK NOVAK

Phone

8322251149

Tax Period

2024-01-01 to 2024-12-31

DEL WEBB THE WOODLANDS, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO MAINTAIN THE COMMON AREAS AND COMMON ASSETS WITHIN THE COMMUNITY, TO PROVIDE ACTIVITIES AND FACILITIES TO AFFORD THE RESIDENTS AN ACTIVE, INVIGORATING LIFESTYLE AND TO PROVIDE THE RESIDENTS WITH OPPORTUNITIES TO BE SOCIALLY ENGAGED THROUGH ASSOCIATION SPONSORED EVENTS, CLUB ACTIVITIES AND PARTICIPATION IN CHARITABLE OCCUPATION, BOTH IN-KIND AND MONETARY

Program Service Accomplishments

Program 1

Expenses: $1,985,765 Revenue: $2,101,908

MAINTAINING THE COMMON AREAS AND COMMON ASSETS IS AN IMPORTANT PROGRAM WHICH WILL, IN ADDITION TO PROVIDING AN APPEALING COMMUNITY, MAINTAIN THE HOME VALUES OF RESIDENTS AS WAS AGREED TO AND...

MAINTAINING THE COMMON AREAS AND COMMON ASSETS IS AN IMPORTANT PROGRAM WHICH WILL, IN ADDITION TO PROVIDING AN APPEALING COMMUNITY, MAINTAIN THE HOME VALUES OF RESIDENTS AS WAS AGREED TO AND UNDERSTOOD BY RESIDENTS WHEN PURCHASING THEIR PROPERTY. THE SURROUNDING COMMUNITIES WERE GIVEN TO UNDERSTAND THAT THE DEL WEBB THE WOODLANDS DEVELOPMENT WOULD BE AN ENHANCED VALUE COMMUNITY PROVIDING MUCH NEEDED PROPERTY TAX REVENUE TO MONTGOMERY COUNTY. THIS PROGRAM IS AT THE HEART OF THE APPLICATION AS A SOCIAL WELFARE ORGANIZATION.

Program 2

Expenses: $53,161 Revenue: $16,570

PROVIDING ACTIVITIES AND FACILITIES TO AFFORD THE RESIDENTS WITH AN ACTIVE, INVIGORATING LIFESTYLE THROUGH EXERCISE PROGRAMS AND WORKOUT FACILITIES.

Program 3

Expenses: $63,776 Revenue: $35,512

PROVIDING RESDIENTS WITH OPPORTUNITIES FOR SOCIAL, EMOTIONAL, MENTAL, PHYSICAL AND SPIRITUAL LIFELONG LEARNING THROUGH A WIDE VARIETY OF LIFESTYLE (ASSOCIATION SPONSORED), SOCIAL COMMITTEE, CLUBS AND GROUP MEETINGS AND EVENTS. THE COMMUNITY SHALL ALSO PROVIDE THE RESIDENTS OPPORTUNITIES TO ENGAGE IN ALTRUISTIC PURSUITS WHICH, AS THE OPPORTUNITIES PRESENT THEMSEBLES, MAY RESULT IN CHARITABLE DONATIONS IN-KIND AND MONETARILY. THE CLUBS AND GROUPS ARE SELF SUPPORTING AND THE ASSOCIATION RECEIVES NO INCOME AND PROVIDES NO MONETARY SUPPORT TO THE CLUBS. THE ASSOCIATION DOES ALLOW CLUBS TO USE THE ASSOCIATION FACILITIES FOR MEETINGS AND EVENTS FREE OF CHARGE. THERE ARE APPROXIMATELY 40 CLUBS AND GROUPS WITH 3 CHARTERED CLUBS FORMED SPECIFICALLY FOR CHARITABLE PURPOSES.

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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 $7,300

Program Service Revenue $2,153,990

Investment Income $61,100

Other Revenue $85,000

TOTAL REVENUE $2,307,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,102,702

Other Expenses $2,251,405

TOTAL EXPENSES $2,251,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,307,390	$2,131,468	+0.1%
Expenses	$2,251,405	$1,868,950	+0.2%
Net Income	$55,985	$262,518	-0.8%

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
MIKE BROWN	DIRECTOR	2.00	Director	$0	$0	$0
BETH EMERY	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVEN FOELLER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DAN GAMEL	TREASURER	2.00	Officer Director	$0	$0	$0
KIRK NOVAK	PRESIDENT	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	$2,307,390	$2,251,405	$2,331,645	$55,985
2023	$2,131,468	$1,868,950	$2,295,923	$262,518
2022	$2,176,543	$1,838,759	$1,664,850	$337,784
2021	$2,370,709	$2,241,422	$1,538,951	$129,287