Union Apartment Project Inc (EIN 043646730) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Michael Solana

Phone

2128732600

Tax Period

2024-07-01 to 2025-06-30

Union Apartment Project Inc, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $67K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $112K exceeded revenue, resulting in a 68% operating deficit.

Mission

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $48,280

Program Service Revenue $16,389

Investment Income $2,164

Other Revenue $0

TOTAL REVENUE $66,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,976

Fundraising Expenses $0

Program Expenses $65,909

Other Expenses $80,290

TOTAL EXPENSES $112,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,833	$87,004	-0.2%
Expenses	$112,266	$113,986	0.0%
Net Income	$-45,433	$-26,982	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$1,476,071

Total Directors

$1,476,071

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIA A OLIVER	President - DIR. (Thru.08/24)	1.0	Officer Director	$0	$43,424	$378,976
Anne Withers	Vice President - Director	1.0	Officer Director	$0	$16,708	$289,612
Michael Solana	Treasurer - DIRECTOR	1.0	Officer Director	$0	$27,332	$243,436
ADAM BALASIANO	SECRETARY - DIRECTOR	1.0	Officer Director	$0	$47,190	$212,445
Nicholas Brasse	Vice President - Director	1.0	Officer Director	$0	$9,900	$200,606
Sandra Marquez	Assistant Secretary - Dir.	1.0	Officer Director	$0	$34,230	$150,996

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
2025	$66,833	$112,266	$595,692	$-45,433
2024	No data	No data	No data	No data
2023	$75,452	$105,018	$538,148	$-29,566
2022	$90,338	$101,473	$668,865	$-11,135
2021	$76,197	$90,288	$632,837	$-14,091
2020	$74,904	$93,054	$609,273	$-18,150
2019	$57,429	$85,817	$587,450	$-28,388

Union Apartment Project Inc