METRO PLAZA APARTMENTS INC (EIN 222209064) - 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

CONANT SMITH

Phone

6077726766

Tax Period

2022-07-01 to 2023-06-30

METRO PLAZA APARTMENTS INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $493K, a strong 28% operating margin.

Mission

SUBSIDIZED HOUSING FOR LOW INCOME ELDERLY

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,756,671

Investment Income $1,438

Other Revenue $0

TOTAL REVENUE $1,758,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,984

Fundraising Expenses $0

Program Expenses $792,777

Other Expenses $983,356

TOTAL EXPENSES $1,265,340

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,758,109	$1,625,767	+0.1%
Expenses	$1,265,340	$1,025,879	+0.2%
Net Income	$492,769	$599,888	-0.2%

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

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

$109,582

Total Directors

$2,129

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA OUDERKIRK	ASSISTENT SECRETARY	0.25	Officer Director	$2,129	$0	$2,129
SHIRLEY HADLEY	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTOPHER LOUGHRIDGE	VICE CHAIR	0.25	Officer Director	$0	$0	$0
SHELLIE SPINELLI	SECRETARY	0.25	Officer Director	$0	$0	$0
JANET ABEL	DIRECTOR	0.25	Director	$0	$0	$0
ANN YEAGER	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
ELIZABETH EWING	DIRECTOR	0.25	Director	$0	$0	$0
PATRICIA RAUBE	DIRECTOR	0.25	Director	$0	$0	$0
ROXANNE WINFIELD	DIRECTOR	0.25	Director	$0	$0	$0
ELIZABETH KALOKO	DIRECTOR	0.25	Director	$0	$0	$0
HELEN LABARR	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH MORAN	TREASURER	0.25	Officer Director	$0	$0	$0
ALICIA DIXON-GARRARD	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPHINE GELO	DIRECTOR	0.25	Director	$0	$0	$0
LAURA RHINEHART	FMR CEO/ PRESIDENT	6.00	Officer	$0	$0	$16,098
CONANT SMITH	CEO/ PRESIDENT	6.00	Officer	$0	$0	$91,355

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	No data	No data	No data	No data
2023	$1,758,109	$1,265,340	$4,648,278	$492,769
2022	$1,625,767	$1,025,879	$4,095,269	$599,888
2021	$1,631,324	$946,880	$3,490,925	$684,444
2020	$1,303,992	$846,021	$3,269,888	$457,971
2019	$1,134,923	$858,584	$3,142,777	$276,339
2018	$1,161,988	$885,384	$3,172,740	$276,604

METRO PLAZA APARTMENTS INC