CAPE COD APARTMENTS INC (EIN 046139234) - 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

1969

Legal Domicile

Principal Officer

STEPHEN ADAMS

Phone

5085400405

Tax Period

2023-01-01 to 2023-12-31

CAPE COD APARTMENTS INC, founded in 1969, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $361K, a strong 23% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE MIDDLE-INCOME HOUSING FOR THE ELDERLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $898,636

Program Service Revenue $502,763

Investment Income $184,208

Other Revenue $0

TOTAL REVENUE $1,585,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,384

Fundraising Expenses $0

Program Expenses $985,066

Other Expenses $1,036,947

TOTAL EXPENSES $1,224,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,585,607	$1,265,667	+0.3%
Expenses	$1,224,331	$1,221,539	+0.0%
Net Income	$361,276	$44,128	+7.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN ADAMS	PRESIDENT	5.00	Officer Director	$0	$0	$0
PATTY ERICKSON	TREASURER	5.00	Officer Director	$0	$0	$0
SUSAN ZAVALA	CLEARK	5.00	Officer Director	$0	$0	$0
DONALD VAHEY JR	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
JIM BURGES	ASST VICE PR	2.00	Director	$0	$0	$0
LAURIE MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET BARAO	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN WOODS	DIRECTOR	2.00	Director	$0	$0	$0
KAREN CHORCHES	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MINCIELI	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT REECE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN SCANLAN	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER ALVES	DIRECTOR	2.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,585,607	$1,224,331	$12,007,269	$361,276
2022	$1,265,667	$1,221,539	$11,883,585	$44,128
2021	$1,243,459	$1,109,121	$11,831,437	$134,338
2020	$1,138,404	$950,658	$12,113,897	$187,746
2019	$917,195	$724,420	$12,100,557	$192,775
2018	$543,884	$492,292	$2,395,144	$51,592

CAPE COD APARTMENTS INC