Northwest Landing Residential Owne… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

Rick Beaver

Phone

4257470146

Tax Period

2024-01-01 to 2024-12-31

Northwest Landing Residential Owners Association, founded in 1994, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

To promote and serve both the Northwest Landing Development and the greater City of DuPont community in wich it is located.

Program Service Accomplishments

Program 1

Expenses: $1,522,842

Provides irrigation, common area maintenance, landscaping, vegetation replacement and trail maintenance to common areas located within Northwest Landing. Also sponsors numerous community events.

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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 $1,340,038

Investment Income $18,015

Other Revenue $0

TOTAL REVENUE $1,358,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,522,842

Other Expenses $1,522,842

TOTAL EXPENSES $1,522,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,358,053	$1,819,215	-0.3%
Expenses	$1,522,842	$1,618,890	-0.1%
Net Income	$-164,789	$200,325	-1.8%

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
Roy Coffey	Trustee	2.00	Director	$0	$0	$0
Eric Schneider	Treasurer	2.00	Officer	$0	$0	$0
Rick Beaver	President	2.00	Officer	$0	$0	$0
Larry Wilcox	Vice President	2.00	Officer	$0	$0	$0
Kate Lynch	Secretary	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	$1,358,053	$1,522,842	$2,441,841	$-164,789
2023	$1,819,215	$1,618,890	$2,278,578	$200,325
2022	$1,382,395	$1,390,700	$2,253,549	$-8,305
2021	$1,366,604	$1,179,581	$2,222,432	$187,023
2020	$1,244,505	$1,157,000	$1,950,588	$87,505
2020	$1,213,235	$1,103,312	$1,950,589	$109,923
2019	$1,211,846	$1,206,028	$1,589,512	$5,818

Northwest Landing Residential Owners Association