ASPEN HOMEOWNERS ASSOCIATION (EIN 830233338) - 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

1976

Legal Domicile

Phone

3077335518

Tax Period

2022-10-01 to 2023-09-30

ASPEN HOMEOWNERS ASSOCIATION, founded in 1976, is a small nonprofit that reported $202K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $256K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE HOMEOWNERS ASSOCIATION PROVIDES SNOW REMOVAL SERVICES LANDSCAPE AND PLAYGROUND MAINTENANCE AND REPAIRS AND IMPROVEMENTS TO THE ROADS AND BIDGES WITHIN THE DEVELOPMENT. THE ASSOCIATION IS ALSO REQUIRED TO CARRY INSURANCE ON THESE COMMON AREAS AND PROVIDE SOME BASIC UTILITIES. MANY OF THESE SERVICES ARE PROVIDED WITH A CONTRACT WITH A MANAGEMENT COMPANY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $200,632

Investment Income $1,290

Other Revenue $0

TOTAL REVENUE $201,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $256,077

Other Expenses $256,077

TOTAL EXPENSES $256,077

Year-over-Year Comparison

	2022	2021	Change
Revenue	$201,922	$182,609	+0.1%
Expenses	$256,077	$204,635	+0.3%
Net Income	$-54,155	$-22,026	+1.5%

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
Martin Horner	PRESIDENT	1.00	Director	$0	$0	$0
Rick Wells	Treasurer	1.00	Director	$0	$0	$0
TED SWIFT	Secretary	1.00	Director	$0	$0	$0
Chip Carey	VP DIRECTOR	1.00	Officer	$0	$0	$0
David Jaeckel	DIRECTOR	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
2023	$201,922	$256,077	$348,154	$-54,155
2022	$182,609	$204,635	$370,979	$-22,026
2021	$182,494	$241,168	$393,556	$-58,674
2020	$185,755	$179,750	$437,364	$6,005

ASPEN HOMEOWNERS ASSOCIATION