JAMES RIVER APARTMENTS (EIN 141905406) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

Allison Bogdanovic

Phone

8047886825

Tax Period

2024-01-01 to 2024-12-31

JAMES RIVER APARTMENTS, founded in 2008, is a micro nonprofit in the Human Services sector that reported $99K in total revenue in fiscal year 2018. Expenses of $159K exceeded revenue, resulting in a 60% operating deficit.

Mission

Provide Low Income Housing

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $113,912

Investment Income $1,816

Other Revenue $0

TOTAL REVENUE $115,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,789

Other Expenses $170,789

TOTAL EXPENSES $170,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,728	$107,712	+0.1%
Expenses	$170,789	$183,439	-0.1%
Net Income	$-55,061	$-75,727	-0.3%

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

$274,392

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Snook	President	0.25	Officer Director	$0	$0	$0
Sharon K Nusbaum	Vice President	0.25	Officer Director	$0	$0	$0
Josh Ragland	Treasurer	0.25	Officer Director	$0	$0	$0
Allison Bogdanovic	Executive Director	0.50	Officer	$0	$15,818	$184,987
N/A	Outsourced Finance and Accounting Services	0.50	Officer	$0	$0	$89,405

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	$115,728	$170,789	$1,352,005	$-55,061
2023	$107,712	$183,439	$1,381,167	$-75,727
2022	$117,775	$185,821	$1,429,318	$-68,046
2021	$115,529	$179,568	$1,469,626	$-64,039
2020	$105,200	$165,923	$1,504,524	$-60,723
2019	$103,226	$157,998	$1,552,016	$-54,772
2018	$99,499	$159,288	$1,603,078	$-59,789

JAMES RIVER APARTMENTS