ICAN GARDEN APARTMENTS INC (EIN 134211239) - 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

2002

Legal Domicile

Principal Officer

JULIE SPARKS

Phone

3304559100

Tax Period

2024-11-01 to 2025-10-31

ICAN GARDEN APARTMENTS INC, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $74K in total revenue in fiscal year 2024. Expenses of $117K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO OPERATE A 12-UNIT APARTMENT COMPLEX FOR PEOPLE WITH A LOW INCOME AND DISABILITY.

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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 $74,283

Investment Income $9

Other Revenue $0

TOTAL REVENUE $74,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,617

Other Expenses $116,771

TOTAL EXPENSES $116,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,292	$73,950	+0.0%
Expenses	$116,771	$87,245	+0.3%
Net Income	$-42,479	$-13,295	+2.2%

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

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

$199,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE HALACHOFF-FRYE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JERIC WHITTAKER	TREASURER	2.00	Officer Director	$0	$0	$0
DR CRYSTAL BRODZENSKI	SECRETARY	2.00	Officer Director	$0	$0	$0
BOB LUNG	TREASURER	2.00	Officer Director	$0	$0	$0
KEVIN HALL	DIRECTOR	2.00	Director	$0	$0	$0
GRETE HEATHERLY	DIRECTOR	2.00	Director	$0	$0	$0
MILES HOOVER	DIRECTOR	2.00	Director	$0	$0	$0
GERALD MILLER	DIRECTOR	2.00	Director	$0	$0	$0
DORIAN CHENAULT	DIRECTOR	2.00	Director	$0	$0	$0
NATE COOKS	DIRECTOR	2.00	Director	$0	$0	$0
CHUCK MARSH	DIRECTOR	2.00	Director	$0	$0	$0
SARA GIDLEY	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH SNELL	DIRECTOR	2.00	Director	$0	$0	$0
CYNTHIA VIGNOS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SANDERS	DIRECTOR	2.00	Director	$0	$0	$0
JULIE SPARKS	EXECUTIVE DIRECTOR	5.00	Officer	$0	$13,109	$106,910
LAURA WEISGARBER	FINANCE DIRECTOR	5.00	Officer	$0	$12,308	$92,153

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	$74,292	$116,771	$580,457	$-42,479
2024	$73,950	$87,245	$591,139	$-13,295
2023	$74,434	$83,947	$603,666	$-9,513
2022	$70,674	$75,691	$618,601	$-5,017
2021	$71,411	$78,118	$628,345	$-6,707
2020	$71,286	$110,457	$648,651	$-39,171
2019	$68,904	$99,135	$667,323	$-30,231
2018	$72,114	$101,127	$683,017	$-29,013

ICAN GARDEN APARTMENTS INC