HOA Fraud Risk Assessment | Free Financial Security Analysis for Texas Communities

Protect your homeowners association from fraud and embezzlement with our free HOA Fraud Risk Assessment. This professional evaluation tool helps Texas HOA board members identify critical vulnerabilities in their community’s financial controls.

HOA fraud costs Texas communities over $50 million annually. Board members who fail to implement proper financial controls can face personal liability. Our 25-point assessment evaluates your association’s check signing procedures, segregation of duties, bank account security, vendor management, and more.

Discover your community’s fraud risk level in just 5 minutes. Used by HOA boards throughout Dallas, Fort Worth, Houston, Austin, and San Antonio. Slaton Financial Services has protected Texas community associations since 1983.

Complete the assessment below to receive your instant risk analysis and recommendations.

🛡️

HOA Fraud Risk Assessment

Discover your community's vulnerabilities in 5 minutes

✓ 25 Critical Questions
✓ Instant Risk Score
✓ Professional Analysis
⚠️
Why This Matters
HOA fraud costs Texas communities over $50M annually. Board members who ignore financial controls can face personal liability.
💰 Check Signing & Payment Controls
1. Do all checks over $1,000 require TWO signatures?
2. Are the two check signers unrelated (not family members)?
3. Are blank checks NEVER pre-signed?
👥 Segregation of Duties
4. Is the person who signs checks DIFFERENT from who reconciles bank statements?
5. Can any single person approve AND pay an expense alone?
🏦 Bank Account Controls
6. Are all bank accounts in the HOA's EIN (not management company)?
7. Do multiple board members have online access to view accounts?
8. Are bank statements mailed to HOA or bookkeeper address (not individual's home)?
🔨 Vendor & Contract Controls
9. Do you require competitive bids for contracts over $5,000?
10. Are major contracts re-bid every 2-3 years?
11. Do you verify invoices have detailed descriptions?
📊 Financial Reporting & Review
12. Does the board receive monthly statements within 20 days?
13. Does someone compare bank statement to financial report monthly?
14. Does the board review and question unusual expenses?
⚖️ Conflict of Interest Controls
15. Do all board members complete annual conflict of interest forms?
16. Do board members recuse themselves from votes with conflicts?
💰 Reserve Fund Protection
17. Is the reserve fund in a separate bank account from operating funds?
18. Does the board approve all reserve fund expenditures?
🔍 Professional Audit & Review
19. Does your HOA have an annual independent audit by a CPA firm?
20. If you use a management company, do they carry fidelity bond insurance ($1M+)?
🚨 Red Flag Awareness
21. Do you monitor for same vendors being used repeatedly without rebidding?
22. Would you know if the reserve fund balance decreased unexpectedly?
📋 Board Oversight Practices
23. Do multiple board members (not just treasurer) review bank statements?
24. Does the board hold regular meetings (at least quarterly) with financial review?
25. Are financial decisions documented in meeting minutes with vote details?

Serving HOA Communities Throughout Texas

Slaton Financial Services provides HOA fraud prevention and financial management services to community associations across Texas. Our experienced team helps boards implement strong financial controls to protect community assets.

Texas Counties We Serve:
Northeast Texas: Collin County, Denton County, Dallas County, Tarrant County, Rockwall County, Kaufman County, Ellis County, Johnson County, Parker County, Wise County, Hunt County, Grayson County, Fannin County, Hopkins County, Rains County, Van Zandt County, Smith County, Gregg County, Harrison County, Upshur County, Wood County, Camp County, Titus County, Bowie County, Red River County, Lamar County, Delta County, Franklin County, Morris County, Cass County, Marion County

Major Texas Counties: Harris County, Bexar County, Travis County, Fort Bend County, Williamson County, Montgomery County, Brazoria County, Galveston County, Hays County, Nueces County, El Paso County, Midland County, Lubbock County, Webb County, McLennan County, Bell County, Comal County, Guadalupe County

Cities Throughout North Texas:
Dallas, Fort Worth, Plano, Irving, Garland, Arlington, Grand Prairie, McKinney, Frisco, Carrollton, Denton, Richardson, Lewisville, Allen, Flower Mound, Mesquite, The Colony, Coppell, Grapevine, Rowlett, Wylie, Southlake, Colleyville, Keller, North Richland Hills, Euless, Bedford, Hurst, Mansfield, Duncanville, DeSoto, Cedar Hill, Lancaster, Waxahachie, Rockwall, Greenville, Sherman, Denison, Paris, Sulphur Springs, Tyler, Longview, Marshall, Texarkana

Major Texas Cities:
Houston, San Antonio, Austin, Corpus Christi, El Paso, Lubbock, Midland, Odessa, Waco, Temple, Killeen, College Station, Bryan, Beaumont, Port Arthur, Orange, Laredo, McAllen, Edinburg, Brownsville, Amarillo, Abilene, San Angelo, Wichita Falls

Whether your community association is in a major metropolitan area or a smaller Texas city, Slaton Financial Services offers comprehensive HOA financial management, fraud prevention systems, bookkeeping, and audit services. Contact us today to protect your community’s assets with professional financial controls and oversight.