MGRS Inc (EIN 061228885) - 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

1986

Legal Domicile

Principal Officer

William Vasiliou

Phone

8609199241

Tax Period

2025-04-01 to 2026-03-31

MGRS Inc, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $267K in total revenue in fiscal year 2025. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $306K exceeded revenue, resulting in a 15% operating deficit.

Mission

To provide affordable housing for lower income families and individuals on a non-profit basis

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $252,521

Investment Income $14,347

Other Revenue $0

TOTAL REVENUE $266,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $306,462

Other Expenses $306,462

TOTAL EXPENSES $306,462

Year-over-Year Comparison

	2025	2024	Change
Revenue	$266,868	$482,073	-0.4%
Expenses	$306,462	$435,171	-0.3%
Net Income	$-39,594	$46,902	-1.8%

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

$3,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Masselli	Director	1.00	Officer	$0	$0	$0
William Vasiliou	President	1.00	Officer	$0	$0	$0
Anthony Vasiliou	Director	1.00	Officer	$0	$0	$0
Marie Webster	Treasurer	1.00	Officer	$3,800	$0	$3,800
Joseph Santaniello	Director	1.00	Officer	$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
2026	$266,868	$306,462	$1,897,191	$-39,594
2025	$482,073	$435,171	$2,456,941	$46,902
2024	$511,347	$304,575	$2,387,609	$206,772
2023	$427,452	$326,325	$2,254,628	$101,127
2022	$389,061	$298,998	$2,061,362	$90,063
2021	$393,033	$270,240	$2,085,174	$122,793

MGRS Inc