Wilson Street Apartments Inc (EIN 050520857) - 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

2001

Legal Domicile

Principal Officer

MARY MARRAN

Phone

4014556267

Tax Period

2023-10-01 to 2024-09-30

Wilson Street Apartments Inc, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $189K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $232K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FACILITIES TO INDIVIDUALS WITH CHRONIC MENTAL ILLNESS; IN CONJUNCTION WITH AND IN SUPPORT OF THE PROVIDENCE CENTER, INC.

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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 $0

Program Service Revenue $189,279

Investment Income $196

Other Revenue $0

TOTAL REVENUE $189,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $209,246

Other Expenses $232,497

TOTAL EXPENSES $232,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,475	$175,104	+0.1%
Expenses	$232,497	$241,695	0.0%
Net Income	$-43,022	$-66,591	-0.4%

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

$1,130,545

Total Directors

$790,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY MARRAN	PRESIDENT - TRUSTEE	55.0	Officer Director	$0	$83,575	$790,037
STEPHEN E BURKE	VP OF FINANCE	55.0	Officer	$0	$16,266	$340,508
JAMES A BOTVIN	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
JANA M PLANKA	TREASURER - TRUSTEE	1.0	Officer 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
2024	$189,475	$232,497	$1,135,130	$-43,022
2023	$175,104	$241,695	$1,166,425	$-66,591
2022	$161,826	$254,676	$1,221,505	$-92,850
2021	$186,674	$217,000	$1,283,588	$-30,326
2020	$183,165	$185,912	$1,339,425	$-2,747
2019	$162,091	$172,190	$1,380,583	$-10,099
2018	$94,070	$165,026	$1,431,672	$-70,956

Wilson Street Apartments Inc