Property Owner's Association of Sunrise Bay
Nonprofit profile at a glance
- EIN
- 752640477
- IRS 990-EZ coverage
- 2016–2025
- Forms available
- Form 990-EZ 2025
- Location
- Little Elm, TX, USA
- Phone
- 2145647651
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Homeowners & Tenants Associations
Reported finances
- Revenue
- $48,409
- Expenses
- $69,677
- Assets
- $187,286
- Liabilities
- $300
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- JOE POTTS (PRESIDENT)
People named in this filing
- JOE POTTS (PRESIDENT)
- KATHRYN LOO (TREASURER)
- LINDSEY REYES (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enhance and preserve the quality of life and sense of community through effective and efficient management of the association, enforcement of rules and covenants to preserve property values, and support initiatives and capital improvements that benefit the greater good.
What it reported doing in 2025
Enhanced the community's grounds by maintaining and adding landscaping and made appropriate improvements to maintain property values.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 97
- Transparency & Controls: 82
- Sustainability: 37
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 92%; rating input score 92
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -43.9%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 2.69; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 8.1% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: -0.7% per year; rating input score 0; 47th percentile among comparable filings
- Asset growth: 2.8% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 92% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $64K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 1 filed schedules
- Filing history: 10 filing years from 2016 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 13/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.