ROYAL CHARTER PROPERTIES INC (EIN 133158502) - 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

1982

Legal Domicile

Phone

2122974255

Tax Period

2023-01-01 to 2023-12-31

ROYAL CHARTER PROPERTIES INC, founded in 1982, is a mid-sized nonprofit that reported $52.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $108.6M represent 25 months of operating reserves.

Mission

TO ACQUIRE AND HOLD INTEREST IN REAL ESTATE AND TO COLLECT INCOME TO BE APPLIED EXCLUSIVELY TO CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES.

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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 $51,112,968

Investment Income $363,064

Other Revenue $509,122

TOTAL REVENUE $51,985,154

Expense Breakdown

Grants Paid $3,183,000

Salaries & Benefits $4,250,689

Fundraising Expenses $0

Program Expenses $44,709,748

Other Expenses $44,551,465

TOTAL EXPENSES $51,985,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,985,154	$45,685,024	+0.1%
Expenses	$51,985,154	$45,685,024	+0.1%
Net Income	$0	$0	N/A

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

$9,003,256

Total Directors

$16,674,152

Key Employees

$452,057

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD OF DIRECTORS	0.1	Director	$0	$0	$0
N/A	BOARD OF DIRECTORS	0.1	Director	$0	$0	$0
N/A	BOARD OF DIRECTORS	0.1	Director	$0	$0	$2,123,368
N/A	VICE CHAIRMAN	0.3	Director	$0	$0	$0
N/A	BOARD OF DIRECTORS	0.1	Director	$0	$0	$0
N/A	CHAIRMAN EMERITUS	0.1	Director	$0	$0	$0
N/A	BOARD OF DIRECTORS	0.1	Director	$0	$0	$0
N/A	BOARD OF DIRECTORS	0.1	Director	$0	$0	$0
N/A	CHAIRMAN	0.3	Director	$0	$0	$0
N/A	BOARD OF DIRECTORS	0.5	Director	$0	$5,273,091	$14,550,784
N/A	ASS'T CORP SECRETARY	0.5	Officer	$0	$92,917	$669,131
N/A	PRESIDENT	9.0	Officer	$0	$68,997	$1,927,066
N/A	GSVP, CLO & GENERAL COUNSEL	0.5	Officer	$0	$44,965	$2,407,480
N/A	ASS'T CORP SECRETARY	0.5	Officer	$0	$26,131	$193,350
N/A	CORPORATE SECRETARY	0.5	Officer	$0	$38,594	$231,016
N/A	GSVP, CFO & TREASURER	3.0	Officer	$0	$85,653	$2,705,003
N/A	VP AND ASS'T TREASURER	0.5	Officer	$0	$79,270	$870,210
N/A	CORP. DIRECTOR REAL ESTATE	30.0	Key Emp	$0	$40,544	$452,057
N/A	DIR-FINANCE REAL ESTATE	35.0	Highest	$0	$75,938	$331,178
N/A	DIR-REAL ESTATE	35.0	Highest	$0	$67,904	$298,754
N/A	DIR PARKING	35.0	Highest	$0	$46,257	$285,162
N/A	DIRECTOR-REAL ESTATE	35.0	Highest	$0	$62,913	$312,578
N/A	ENTERPRISE LEASE ADMINISTRATOR	35.0	Highest	$0	$53,634	$256,409
N/A	FORMER OFFICER	0.0		$0	$224,853	$7,682,481

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	No data	No data	No data	No data
2023	$51,985,154	$51,985,154	$133,880,888	No data
2022	$45,685,024	$45,685,024	$136,038,442	No data
2021	$43,558,448	$43,558,448	$137,963,781	No data
2020	$49,197,013	$49,197,492	$141,106,021	$-479
2019	$52,258,585	$47,256,969	$143,560,240	$5,001,616
2018	$51,161,633	$37,521,873	$139,873,196	$13,639,760

ROYAL CHARTER PROPERTIES INC