VILLAGE OF DIAMOND BAY HOMEOWNERS ASSOCIATION INC co FIRSTSERVICE RESI (EIN 861122437) - 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

2004

Legal Domicile

Phone

7134364563

Tax Period

2024-01-01 to 2024-12-31

VILLAGE OF DIAMOND BAY HOMEOWNERS ASSOCIATION INC co FIRSTSERVICE RESI, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

CIVIC & SOCIAL WELFARE ORGANIZATION - PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE PUBLIC AND MEMBERS OF THE COMMUNITY THROUGH THE MAINTENANCE AND MANAGEMENT OF THE ASSOCIATION AND THE PROPERTY, AND PROVIDING SERVICES TO 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 $1,900,112

Investment Income $6,557

Other Revenue $0

TOTAL REVENUE $1,906,669

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,877,574

Other Expenses $1,878,951

TOTAL EXPENSES $1,878,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,906,669	$1,829,322	+0.0%
Expenses	$1,878,951	$2,378,563	-0.2%
Net Income	$27,718	$-549,241	-1.1%

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

N/A

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
KEVIN BROUSSARD	Director	2.00	Director	$0	$0	$0
ROBERT HARDISTY	Treasurer	2.00	Officer Director	$0	$0	$0
DRUCILLA CURRY	Secretary	2.00	Officer Director	$0	$0	$0
SARAH TAYLOR	Vice President	2.00	Officer Director	$0	$0	$0
ELIZABETH BYRD	President	2.00	Officer Director	$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	$1,906,669	$1,878,951	$974,365	$27,718
2023	$1,829,322	$2,378,563	$778,528	$-549,241
2022	$1,772,831	$1,553,439	$1,311,352	$219,392
2021	$1,855,320	$1,642,694	$1,137,621	$212,626
2020	$1,725,250	$1,547,068	$960,429	$178,182
2019	$1,612,954	$1,576,167	$755,013	$36,787

VILLAGE OF DIAMOND BAY HOMEOWNERS ASSOCIATION INC co FIRSTSERVICE RESI