KNOX GARDEN COURT INC (EIN 200349557) - 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

2005

Legal Domicile

Principal Officer

JOHN MYERS

Phone

5742349923

Tax Period

2024-07-01 to 2025-06-30

KNOX GARDEN COURT INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $218K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $250K exceeded revenue, resulting in a 15% operating deficit.

Mission

KNOX GARDEN COURT, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 24 UNIT APARTMENT COMPLEX IN KNOX, INDIANA KNOWN AS KNOX GARDEN COURT. IT WAS ORGANIZED PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AS AMENDED. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT.

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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 $100,587

Program Service Revenue $114,231

Investment Income $5

Other Revenue $3,501

TOTAL REVENUE $218,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,799

Other Expenses $250,044

TOTAL EXPENSES $250,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,324	$178,738	+0.2%
Expenses	$250,044	$234,467	+0.1%
Net Income	$-31,720	$-55,729	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MYERS	PRESIDENT	0.50	Officer Director	$0	$0	$0
DIANN PARSONS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KAREN GEHRKE	SECRETARY	0.50	Officer Director	$0	$0	$0
LORETTA PETERS	DIRECTOR	0.50	Director	$0	$0	$0
LORI PARRISH	DIRECTOR	0.50	Director	$0	$0	$0
MARY KAUFMAN	DIRECTOR	0.50	Director	$0	$0	$0
SARAH SMITH	DIRECTOR	0.50	Director	$0	$0	$0
SHARON BALKA	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN ELLERT	DIRECTOR	0.50	Director	$0	$0	$0
MATT COTTRILL	DIRECTOR	0.50	Director	$0	$0	$0
MARK COTTRILL	DIRECTOR	0.50	Director	$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	$218,324	$250,044	$969,037	$-31,720
2024	$178,738	$234,467	$1,017,754	$-55,729
2023	$180,388	$236,401	$1,067,816	$-56,013
2022	$178,902	$199,665	$1,099,987	$-20,763
2021	$183,752	$180,708	$1,157,993	$3,044
2020	$173,542	$187,249	$1,113,932	$-13,707
2019	$164,946	$190,220	$1,126,402	$-25,274

KNOX GARDEN COURT INC