SENECA TOWERS INC (EIN 160926430) - 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

1967

Legal Domicile

Principal Officer

TAMMY DUDLEY

Phone

5854672442

Tax Period

2024-04-01 to 2025-03-31

SENECA TOWERS INC, founded in 1967, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOUSING FACILITIES FOR AGED PERSONS OF LOW INCOME.

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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 $3,716,520

Investment Income $129,470

Other Revenue $37,327

TOTAL REVENUE $3,883,317

Expense Breakdown

Grants Paid $0

Salaries & Benefits $850,722

Fundraising Expenses $0

Program Expenses $3,331,687

Other Expenses $2,986,663

TOTAL EXPENSES $3,837,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,883,317	$3,626,934	+0.1%
Expenses	$3,837,385	$3,340,620	+0.1%
Net Income	$45,932	$286,314	-0.8%

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

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

$315,344

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MUELLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LOUIS M D'AMATO ESQ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THEODORA FINN	DIRECTOR	1.00	Director	$0	$0	$0
DR CANDICE A LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET M BRINGEWATT	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY ROSS BROWN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
CAROL WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL R PLUTA	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PROCIOUS	PRESIDENT	4.00	Officer	$0	$7,678	$211,871
TAMARA DUDLEY	TREASURER	4.00	Officer	$0	$811	$103,473
JENNIFER FORDHAM	SECRETARY	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
2025	$3,883,317	$3,837,385	$7,248,017	$45,932
2024	$3,626,934	$3,340,620	$7,720,753	$286,314
2023	$3,381,949	$3,216,696	$6,940,989	$165,253
2022	$3,030,363	$2,893,251	$7,337,649	$137,112
2021	$2,933,501	$2,993,544	$7,105,599	$-60,043

SENECA TOWERS INC