SALEM POINT RENTAL PROPERTIES CORP (EIN 043143070) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

MICKEY NORTHCUTT

Phone

9787458071

Tax Period

2020-01-01 to 2020-12-31

SALEM POINT RENTAL PROPERTIES CORP, founded in 1991, is a micro nonprofit in the Housing & Shelter sector that reported $3K in total revenue in fiscal year 2020. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $24K exceeded revenue, resulting in a 701% operating deficit.

Mission

TO PROVIDE LOW INCOME RENTAL HOUSING.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,382

Investment Income $0

Other Revenue $1,585

TOTAL REVENUE $2,967

Expense Breakdown

Grants Paid $23,770

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,770

Other Expenses $0

TOTAL EXPENSES $23,770

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,967	$1,980	+0.5%
Expenses	$23,770	$1,707	+12.9%
Net Income	$-20,803	$273	-77.2%

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

$323,555

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEONETTE STROUT	PRESIDENT	0.20	Officer Director	$0	$0	$0
FRANK NITKIEWICZ	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
KURT ANKENY-BEAUCHAMP	TREASURER	0.20	Officer Director	$0	$0	$0
MIKKI WILSON	CLERK	0.20	Officer Director	$0	$0	$0
STEVE BRITTON	DIRECTOR	0.20	Director	$0	$0	$0
ELIZABETH DUCLOS-ORSELLO	DIRECTOR	0.20	Director	$0	$0	$0
TIM ERICKSON-OBERG	DIRECTOR	0.20	Director	$0	$0	$0
FAITH GLICKMAN ROSSI	DIRECTOR	0.20	Director	$0	$0	$0
DEBORAH GREEL	DIRECTOR	0.20	Director	$0	$0	$0
GINA JACOB	DIRECTOR	0.20	Director	$0	$0	$0
DIANA MORENO	DIRECTOR	0.20	Director	$0	$0	$0
EILEEN QUINN	DIRECTOR	0.20	Director	$0	$0	$0
DR NICK SARANTOPOULOS	DIRECTOR	0.20	Director	$0	$0	$0
CATHERINE SCHERER	DIRECTOR	0.20	Director	$0	$0	$0
MICKEY NORTHCUTT	EXECUTIVE DIRECTOR	0.20	Officer	$0	$7,639	$162,091
DAVID KEENE	CHIEF FINANCIAL OFFICER	0.20	Officer	$0	$0	$161,464
JASON PINA	CHIEF OPERATING OFFICER	0.20	Highest	$0	$20,431	$131,800

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
2020	$2,967	$23,770	$95,647	$-20,803
2019	$1,980	$1,707	$118,035	$273
2018	$75,553	$28,870	$117,766	$46,683

SALEM POINT RENTAL PROPERTIES CORP