TOUCHETTE ELDERLY APARTMENTS II INC (EIN 202007127) - 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

RICHARD GONZALEZ

Phone

3122369673

Tax Period

2024-01-01 to 2024-12-31

TOUCHETTE ELDERLY APARTMENTS II INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $644K in total revenue in fiscal year 2020. Expenses of $757K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE SENIORS WITH AFFORDABLE HOUSING.

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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 $655,241

Investment Income $17,768

Other Revenue $0

TOTAL REVENUE $673,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,122

Fundraising Expenses $0

Program Expenses $627,245

Other Expenses $542,057

TOTAL EXPENSES $752,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$673,009	$641,550	+0.0%
Expenses	$752,179	$774,361	0.0%
Net Income	$-79,170	$-132,811	-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

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
ETHEL MANAGER	PRESIDENT	0.50	Officer Director	$0	$0	$0
DALE FIEDLER	DIRECTOR	0.50	Director	$0	$0	$0
PETE THEMAS	DIRECTOR	0.50	Director	$0	$0	$0
LARRY MCCULLEY	DIRECTOR	0.50	Director	$0	$0	$0
HAROLD KNUTSON	DIRECTOR	0.50	Director	$0	$0	$0
PAUL KORLAPATI	SECRETARY AND TREASURER	0.50	Officer Director	$0	$0	$0
RICHARD GONZALEZ	VP & GENERAL MANAGER	0.50	Officer 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	No data	No data	No data	No data
2024	$673,009	$752,179	$3,751,628	$-79,170
2023	$641,550	$774,361	$3,846,963	$-132,811
2022	$640,374	$763,770	$3,968,469	$-123,396
2021	$640,115	$741,446	$4,085,638	$-101,331
2020	$644,070	$756,582	$4,203,733	$-112,512

TOUCHETTE ELDERLY APARTMENTS II INC