OLD MIDDLETON ROAD APARTMENTS INC (EIN 201427325) - 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

MICHELE HARRIS

Phone

6082463140

Tax Period

2023-01-01 to 2023-12-31

OLD MIDDLETON ROAD APARTMENTS INC, founded in 2004, is a micro nonprofit that reported $89K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $114K exceeded revenue, resulting in a 28% operating deficit.

Mission

PROVIDE HOUSING TO ADULTS WITH CHRONIC MENTAL ILLNESS IN DANE COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $50,476

Program Service Revenue $38,009

Investment Income $340

Other Revenue $0

TOTAL REVENUE $88,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,080

Other Expenses $113,690

TOTAL EXPENSES $113,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$88,825	$81,414	+0.1%
Expenses	$113,690	$105,103	+0.1%
Net Income	$-24,865	$-23,689	+0.0%

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
KARLA THENNES	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BEN SCHMIDT	CHAIR	1.00	Officer Director	$0	$0	$0
KATHLEEN MCNEIL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROB DICKE	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN VANDER WYST	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE HARRIS	PRESIDENT & CEO	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
2024	No data	No data	No data	No data
2023	$88,825	$113,690	$783,136	$-24,865
2022	$81,414	$105,103	$800,226	$-23,689
2021	$77,937	$94,272	$814,598	$-16,335
2020	$74,045	$89,440	$833,228	$-15,395
2019	$69,920	$92,427	$823,373	$-22,507
2018	$63,045	$90,635	$841,188	$-27,590

OLD MIDDLETON ROAD APARTMENTS INC