TUNXIS APARTMENTS INC C/O BURNS PATTERSON & CO CPAS LLC (EIN 060851333) - 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

1970

Legal Domicile

Principal Officer

EDWARD CRUESS

Phone

8604042930

Tax Period

2024-01-01 to 2024-12-31

TUNXIS APARTMENTS INC C/O BURNS PATTERSON & CO CPAS LLC, founded in 1970, is a small nonprofit that reported $374K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $95K, a strong 25% operating margin.

Mission

THE ACTIVITY INVOLVES THE OPERATION OF A CHAPTER 319WW, SEC 17B-852 LOW- TO-MODERATE INCOME HOUSING PROJECT LOCATED IN UNIONVILLE, CONNECTICUT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $342,886

Investment Income $31,180

Other Revenue $0

TOTAL REVENUE $374,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $240,456

Other Expenses $279,287

TOTAL EXPENSES $279,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,066	$333,283	+0.1%
Expenses	$279,287	$233,353	+0.2%
Net Income	$94,779	$99,930	-0.1%

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
EDWARD CRUESS	PRESIDENT	5.00	Officer Director	$0	$0	$0
GARY JENSEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TIMOTHY BARTH	TREASURER	1.00	Officer Director	$0	$0	$0
ANDY BARON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CHADWICK	DIRECTOR	1.00	Director	$0	$0	$0
PETER GOUVEIA	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GURSKI	DIRECTOR	1.00	Director	$0	$0	$0
LINDA KIME	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PEROTTI	DIRECTOR	1.00	Director	$0	$0	$0
GARY PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN REICH	DIRECTOR	1.00	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
2024	$374,066	$279,287	$1,107,976	$94,779
2023	$333,283	$233,353	$1,001,293	$99,930
2022	$306,865	$255,107	$888,172	$51,758
2021	$299,463	$217,978	$873,870	$81,485
2020	$263,616	$204,479	$802,500	$59,137
2019	$243,142	$204,199	$732,704	$38,943
2018	$246,838	$217,070	$695,067	$29,768

TUNXIS APARTMENTS INC C/O BURNS PATTERSON & CO CPAS LLC