GRAYHAWK COMMUNITY ASSOCIATION (EIN 860804221) - 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

1995

Legal Domicile

Principal Officer

DAVID VAN OMEN

Phone

4809217500

Tax Period

2024-01-01 to 2024-12-31

GRAYHAWK COMMUNITY ASSOCIATION, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $5.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $839K, a strong 15% operating margin.

Mission

CARE AND MAINTENANCE 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 $5,201,555

Investment Income $243,160

Other Revenue $0

TOTAL REVENUE $5,444,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $809,507

Fundraising Expenses $0

Program Expenses $4,605,326

Other Expenses $3,795,819

TOTAL EXPENSES $4,605,326

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,444,715	$4,873,961	+0.1%
Expenses	$4,605,326	$4,392,028	+0.0%
Net Income	$839,389	$481,933	+0.7%

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	Role	Reportable Comp	Other Comp	Total
ARLENE SMITH	DIRECTOR	Director	$0	$0	$0
DON MORSE	DIRECTOR	Director	$0	$0	$0
RANDY BROWN	DIRECTOR	Director	$0	$0	$0
DAVID VAN OMEN	PRESIDENT	Officer	$0	$0	$0
PAUL ALESSIO	VICE PRESIDENT	Officer	$0	$0	$0
RICHARD ZIELINSKI	SECRETARY	Officer	$0	$0	$0
DEREK MOORE	TREASURER	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	$5,444,715	$4,605,326	$7,920,822	$839,389
2023	$4,873,961	$4,392,028	$7,115,224	$481,933
2022	$4,680,708	$5,087,705	$6,735,710	$-406,997
2021	$4,794,073	$3,755,683	$7,151,077	$1,038,390
2020	$4,430,538	$4,098,224	$5,190,267	$332,314

GRAYHAWK COMMUNITY ASSOCIATION