PRIMROSE PROPERTIES INC (EIN 201425348) - 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

2004

Legal Domicile

Principal Officer

JAKE WHITE

Phone

4078987201

Tax Period

2024-07-01 to 2025-06-30

PRIMROSE PROPERTIES INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $702K in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $498K, a strong 71% operating margin.

Mission

TO ACQUIRE, HOLD, AND SELL REAL AND PERSONAL PROPERTY USED BY PRIMROSE CENTER, INC, A 501(C)(3) ORGANIZATION. PRIMROSE PROPERTIES, INC WILL ALSO MANAGE THE PROPERTY IT HOLDS FOR THE BENEFIT OF PRIMROSE CENTER, INC.

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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 $39,094

Program Service Revenue $218,342

Investment Income $444,899

Other Revenue $0

TOTAL REVENUE $702,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,870

Other Expenses $204,704

TOTAL EXPENSES $204,704

Year-over-Year Comparison

	2024	2023	Change
Revenue	$702,335	$299,856	+1.3%
Expenses	$204,704	$161,060	+0.3%
Net Income	$497,631	$138,796	+2.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARLENE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
LINO MANCEBO	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY KISER	DIRECTOR	1.00	Director	$0	$0	$0
MO KHAN	DIRECTOR	1.00	Director	$0	$0	$0
RUSS CAMMACK	DIRECTOR	1.00	Director	$0	$0	$0
TRACY GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
DR LISA SPECTOR	DIRECTOR	1.00	Director	$0	$0	$0
KARA FRANCO	CHAIR	3.00	Officer	$0	$0	$0
DR JIMLETTA THOMAS	VICE CHAIR	3.00	Officer	$0	$0	$0
SUSAN VAN GORDER	TREASURER	3.00	Officer	$0	$0	$0
JASON REYNOLDS	SECRETARY	3.00	Officer	$0	$0	$0
JAKE WHITE	CEO	0.00	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	$702,335	$204,704	$5,052,479	$497,631
2024	$299,856	$161,060	$4,536,820	$138,796
2023	$550,516	$155,554	$4,765,039	$394,962
2022	$337,431	$184,115	$3,967,465	$153,316
2021	$297,886	$119,786	$3,889,006	$178,100
2020	$295,145	$108,610	$3,654,316	$186,535
2019	$304,194	$104,412	$3,502,589	$199,782

PRIMROSE PROPERTIES INC