THE ISLANDS COMMUNITY ASSOCIATION

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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

1984

Legal Domicile

Principal Officer

MATT LETTER

Phone

4805514300

Tax Period

2024-01-01 to 2024-12-31

THE ISLANDS COMMUNITY ASSOCIATION, founded in 1984, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $642K, a strong 20% operating margin.

Mission

CARE AND MAINTENANCE OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,316,860 Revenue: $3,047,792

TO PROTECT AND MAINTAIN THE QUALITY OF LIFE IN THE COMMUNITY BY MAINTENANCE OF THE LANDSCAPING, COMMON AREAS AND RECREATIONAL FACILITIES OF THE ASSOCIATION.

Program 2

Expenses: $34,659 Revenue: $5,520

PROVIDE RECREATIONAL ACTIVITIES AND SOCIAL EVENTS FOR THE MEMBERS OF 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,053,312

Investment Income $139,012

Other Revenue $0

TOTAL REVENUE $3,192,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,351,519

Other Expenses $2,550,660

TOTAL EXPENSES $2,550,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,192,324	$2,716,505	+0.2%
Expenses	$2,550,660	$2,207,613	+0.2%
Net Income	$641,664	$508,892	+0.3%

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
KEN KELLEY	DIRECTOR	2.00	Director	$0	$0	$0
JEFF REISINGER	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN HEISLER	DIRECTOR	2.00	Director	$0	$0	$0
SANDY SHRADER	DIRECTOR	2.00	Director	$0	$0	$0
MATT LETTER	PRESIDENT	2.00	Officer	$0	$0	$0
JAMES BRINDLE	VICE PRESIDENT	2.00	Officer	$0	$0	$0
CHARLOTTE ADCOCK	SECRETARY/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	$3,192,324	$2,550,660	$4,291,271	$641,664
2023	$2,716,505	$2,207,613	$3,518,337	$508,892
2022	$2,459,987	$2,463,232	$3,020,217	$-3,245
2021	$2,329,623	$2,673,245	$3,106,067	$-343,622
2020	$2,193,568	$2,134,575	$3,394,871	$58,993
2019	$2,281,192	$2,088,491	$3,263,216	$192,701
2018	$2,018,512	$1,975,998	$3,039,410	$42,514