ASSOCIATED RESIDENTIAL CENTERS INC (EIN 222143233) - 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

1978

Legal Domicile

Principal Officer

DONALD MULLIN

Phone

5182743110

Tax Period

2024-01-01 to 2024-12-31

ASSOCIATED RESIDENTIAL CENTERS INC, founded in 1978, is a micro nonprofit in the Human Services sector that reported $96K in total revenue in fiscal year 2024. Expenses of $109K exceeded revenue, resulting in a 14% operating deficit.

Mission

OWNERSHIP OF REAL ESTATE WHICH IS USED IN PROGRAMS OPERATED BY THE RENSSELAER COUNTY CHAPTER, NYSARC, 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 $0

Program Service Revenue $0

Investment Income $2,631

Other Revenue $93,023

TOTAL REVENUE $95,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,954

Other Expenses $108,867

TOTAL EXPENSES $108,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$95,654	$95,707	0.0%
Expenses	$108,867	$101,888	+0.1%
Net Income	$-13,213	$-6,181	+1.1%

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

$343,378

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT HERGRUETER	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE MULLER	TREASURER	1.00	Officer Director	$0	$0	$0
DONALD MULLIN	CEO	2.00	Officer	$0	$32,798	$191,222
LOIDA SARABIA	CFO	2.00	Officer	$0	$24,029	$152,156

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	$95,654	$108,867	$1,712,020	$-13,213
2023	$95,707	$101,888	$1,831,611	$-6,181
2022	$109,347	$119,094	$1,930,601	$-9,747
2021	$70,019	$65,433	$2,072,177	$4,586
2020	$127,757	$129,068	$2,144,669	$-1,311
2019	$130,277	$128,366	$2,286,122	$1,911
2018	$530,559	$176,295	$2,383,025	$354,264

ASSOCIATED RESIDENTIAL CENTERS INC