CULVERDALE 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

1969

Legal Domicile

Principal Officer

PAUL ROSSMAN

Phone

9497163998

Tax Period

2024-01-01 to 2024-12-31

CULVERDALE COMMUNITY ASSOCIATION, founded in 1969, is a small nonprofit that reported $583K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

TO MANAGE AND MAINTAIN THE RECREATIONAL FACILITIES AND COMMON AREAS OF THE ASSOCIATION AND TO PROMOTE THE GENERAL WELFARE OF THE MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $426,672 Revenue: $512,774

TO MAINTAIN AND PRESERVE THE RECREATIONAL FACILITIES AND COMMON AREAS, WHICH INCLUDE THE GREENBELTS AND PARK AREAS. THE ASSOCIATION ALSO MAINTAINS THE ARCHITECTURAL INTEGRITY OF THE ASSOCIATION AND PROMOTES THE GENERAL WELFARE OF THE MEMBERS OF THE COMMUNITY LOCATED IN IRVINE, CALIFORNIA.

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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 $512,774

Investment Income $21,481

Other Revenue $48,979

TOTAL REVENUE $583,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $426,672

Other Expenses $590,192

TOTAL EXPENSES $590,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,234	$372,998	+0.6%
Expenses	$590,192	$412,763	+0.4%
Net Income	$-6,958	$-39,765	-0.8%

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

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
TOM NGUYEN	MEMBER-AT-LA	3.00	Director	$0	$0	$0
DEBORAH HOWARD	SECRETARY	3.00	Officer	$0	$0	$0
GARY HOWARD	PRESIDENT	3.00	Officer	$0	$0	$0
PAUL ROSSMAN	CFO	3.00	Officer	$0	$0	$0
MANUEL VALENZUELA	VICE PRESIDE	3.00	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	$583,234	$590,192	$838,870	$-6,958
2023	$372,998	$412,763	$930,302	$-39,765
2022	$536,429	$535,414	$904,949	$1,015
2021	$426,413	$421,556	$1,057,954	$4,857
2020	$431,839	$349,737	$1,030,449	$82,102