Cardinal Properties (EIN 201872207) - 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

2003

Legal Domicile

Phone

7652858312

Tax Period

2024-07-01 to 2025-06-30

Cardinal Properties, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $769K, a strong 57% operating margin.

Mission

CARDINAL PROPERTIES, INC. ACCEPTS AND MANAGES REAL ESTATE, INTERESTS IN REAL ESTATE, AND TANGIBLE AND INTANGIBLE PERSONAL PROPERTY FOR THE BENEFIT OF BSU FOUNDATION.

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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 $531,744

Investment Income $780,829

Other Revenue $34,934

TOTAL REVENUE $1,347,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $567,527

Other Expenses $578,831

TOTAL EXPENSES $578,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,347,507	$492,197	+1.7%
Expenses	$578,831	$706,361	-0.2%
Net Income	$768,676	$-214,164	-4.6%

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

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

$221,650

Total Directors

$1,789,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth R Briner	Board Vice President	1.0	Officer Director	$0	$0	$0
Randall E Pond	Board President	1.0	Officer Director	$0	$0	$0
Stephen J Wachtmann	Board Secretary/Treasurer	4.0	Officer Director	$0	$32,517	$221,650
Alan Finn	VP for Business Affairs & Treasurer (End 02/25)	1.0	Director	$0	$42,800	$346,699
Geoffrey S Mearns	Board Member	1.0	Director	$0	$74,426	$680,526
Gregory Zimmerman	Board Member	1.0	Director	$0	$0	$0
Jean Kramer Crosby	Board Member	4.0	Director	$0	$33,182	$340,338
Michael Ray	Ex Officio Board Member	1.0	Director	$0	$0	$0
Sue Hodges Moore	INTERIM VP FOR BUSINESS AFFAIRS & TREASURER (Beg 03/25)	1.0	Director	$0	$0	$0
Sundesh Shah	Board Member	1.0	Director	$0	$0	$0
William P Cooper	BOARD MEMBER	2.0	Director	$0	$26,995	$200,412

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	$1,347,507	$578,831	$5,181,199	$768,676
2024	$492,197	$706,361	$6,573,170	$-214,164
2023	$731,471	$972,517	$6,596,729	$-241,046
2022	$343,385	$1,188,141	$6,897,928	$-844,756
2021	$790,993	$850,862	$7,821,616	$-59,869
2020	$-2,127,613	$2,205,116	$7,919,065	$-4,332,729
2019	$4,962,455	$867,628	$12,354,691	$4,094,827
2018	$611,598	$737,121	$9,196,387	$-125,523

Cardinal Properties