TROON HIGHLANDS ESTATES HOA INC (EIN 860844169) - 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

1996

Legal Domicile

Principal Officer

WAYNE PENSKE

Phone

6029579191

Tax Period

2023-01-01 to 2023-12-31

TROON HIGHLANDS ESTATES HOA INC, founded in 1996, is a micro nonprofit in the Housing & Shelter sector that reported $68K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Net assets of $614K represent 108 months of operating reserves.

Mission

MAINTENANCE OF COMMON AREAS INCLUDING GREEN BELTS, STREETS, SIDEWALKS AND RELATED AMENITIES

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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 $0

Program Service Revenue $51,361

Investment Income $16,693

Other Revenue $0

TOTAL REVENUE $68,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,597

Other Expenses $71,727

TOTAL EXPENSES $71,727

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,054	$233,224	-0.7%
Expenses	$71,727	$53,117	+0.4%
Net Income	$-3,673	$180,107	-1.0%

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
STEPHEN RENNECKAR	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES WEEKS	DIRECTOR	2.00	Director	$0	$0	$0
JOANNE KONRATH	DIRECTOR	2.00	Director	$0	$0	$0
ERIN STRODE	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE PENSKY	PRESIDENT	2.00	Officer	$0	$0	$0
ALAN LUTZ	VICE PRESIDENT	2.00	Officer	$0	$0	$0
JACK PHILLIPS	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	No data	No data	No data	No data
2023	$68,054	$71,727	$655,060	$-3,673
2022	$233,224	$53,117	$650,635	$180,107

TROON HIGHLANDS ESTATES HOA INC