FAIRFIELD VILLAGE SOUTH NEIGHBORHOO

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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

2005

Legal Domicile

Principal Officer

BRIAN MCDONOUGH

Tax Period

2023-01-01 to 2023-12-31

FAIRFIELD VILLAGE SOUTH NEIGHBORHOO, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $748K in total revenue in fiscal year 2023. Expenses of $677K left a modest 10% surplus.

Mission

ASSOCIATION FORMED FOR THE PURPOSES OF PROVIDING FOR THE MAINTENANCE AND PRESERATION OF PROPERTIES WITHIN FAIRFIELD VILLAGE SOUTH, A RESIDENTIAL SUBDIVISION LOCATED IN HARRIS COUNTY, TX AND PROMOTING THE HEALTH, SAFETY AND WELARE OF THE OWNERS WITHIN THIS AREA

Program Service Accomplishments

Program 1

Expenses: $230,765

TO PROVIDE LANDSCAPING TO ALL COMMON AND RECREATIONAL AREAS. ALL OF THE EXPENSES BENEFIT THE ENTIRE COMMUNITY AT LARGE.

Program 2

Expenses: $140,679

THE ASSOCIATION PROVIDES STREETLIGHTS AND COMMON AREA UTILITIES THAT BENEFIT THE ENTIRE COMMUNITY AT LARGE.

Program 3

Expenses: $76,681

ASSOCIATION PROVIDES MAINTENANCE, LIFEGUARDS AND ORDINANCE REQUIREMENTS TO POOL AND RECREATIONAL FACILITIES THAT BENEFIT THE ENTIRE COMMUNITY 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $719,276

Program Service Revenue $0

Investment Income $6,598

Other Revenue $22,619

TOTAL REVENUE $748,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $448,125

Other Expenses $676,760

TOTAL EXPENSES $676,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$748,493	$734,865	+0.0%
Expenses	$676,760	$716,523	-0.1%
Net Income	$71,733	$18,342	+2.9%

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
DIETRICH GAITZ	DIRECTOR	0.00	Director	$0	$0	$0
BRADLEY ARNOLD	VICE PRESIDENT	2.00	Officer	$0	$0	$0
HERBERT MCCORMICK	SECRETARY	2.00	Officer	$0	$0	$0
BRIAN MCDONOUGH	PRESIDENT	2.00	Officer	$0	$0	$0
LARRY KOHLER	TREASURER	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	$748,493	$676,760	$1,242,966	$71,733
2022	$734,865	$716,523	$1,158,497	$18,342
2021	$721,452	$698,845	$1,127,339	$22,607
2020	$655,648	$605,181	$1,140,243	$50,467
2019	$716,742	$634,819	$1,044,243	$81,923
2018	$731,334	$850,527	$972,288	$-119,193