As others have stated, the viability of the association is of crucial importance to you.
As a buyer, upon placing a purchase offer, are entitled to review the financials of the association and master association if applicable (and other documents). However, this does not address your real question...'How do you interpret the data?" Data without interpretation is meaningless.
I'm sure you realize there is more to this than can be answered in an internet Q & A session. That is why this is included in my FLORIDA CONDO BUYERS GUIDE.
If you are buying in the Tampa Bay Area I'll be happy to send you a digital copy.
Or, pick up the phone and call a REALTOR in the destination location for more information.
Best of success,
Annette Lawrence, Broker/Associate