POTSDAM SANDSTONE SENIOR CITIZENS CLUB INC MIDTOWN APARTMENTS (EIN 222234084) - 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

1989

Legal Domicile

Principal Officer

ROBERT SANTAMOOR

Phone

3152653680

Tax Period

2024-01-01 to 2024-12-31

POTSDAM SANDSTONE SENIOR CITIZENS CLUB INC MIDTOWN APARTMENTS, founded in 1989, is a small nonprofit that reported $691K in total revenue in fiscal year 2024. Net assets of $2.6M represent 46 months of operating reserves.

Mission

TO PROVIDE SUBSIDIZED HOUSING FOR ELIGIBLE SENIOR CITIZENS & DISABLED PERSONS 18 YEARS OF AGE AND OLDER.

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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 $678,388

Investment Income $534

Other Revenue $12,249

TOTAL REVENUE $691,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $546,150

Other Expenses $728,558

TOTAL EXPENSES $728,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$691,171	$649,865	+0.1%
Expenses	$728,558	$672,468	+0.1%
Net Income	$-37,387	$-22,603	+0.7%

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

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
LINDA WILKINSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TINA PECK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VIVIAN SHERMAN	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY MATTHEWS	SECRETARY	1.00	Officer Director	$0	$0	$0
GAIL BISONETTE	ASST. SECRETARY	1.00	Officer Director	$0	$0	$0
TERRI ROSSI	ASST. TREASURER	1.00	Officer Director	$0	$0	$0
CATHY CORRICE	DIRECTOR	1.00	Director	$0	$0	$0
CANDY WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
PAT IRWIN	DIRECTOR	1.00	Director	$0	$0	$0
KAY DEPERNO	DIRECTOR	1.00	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
2024	$691,171	$728,558	$3,885,511	$-37,387
2023	$649,865	$672,468	$4,133,242	$-22,603
2022	$659,355	$651,287	$3,546,979	$8,068
2021	$722,998	$649,066	$3,579,397	$73,932
2020	$735,353	$697,808	$3,559,613	$37,545
2019	$689,093	$622,148	$3,593,776	$66,945
2018	$667,955	$631,109	$3,594,495	$36,846

POTSDAM SANDSTONE SENIOR CITIZENS CLUB INC MIDTOWN APARTMENTS