ACADEMIC PROPERTIES INC (EIN 232411680) - 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

1986

Legal Domicile

Principal Officer

HELEN Y BOWMAN

Phone

2156621500

Tax Period

2023-07-01 to 2024-06-30

ACADEMIC PROPERTIES INC, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $8.4M in total revenue in fiscal year 2023. The organization ran a surplus of $2.6M, a strong 31% operating margin.

Mission

ACQUIRES AND IMPROVES PROPERTIES OF STRATEGIC IMPORTANCE TO THE FUTURE GROWTH OF DREXEL UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $45,000

Program Service Revenue $6,635,713

Investment Income $347,900

Other Revenue $1,399,204

TOTAL REVENUE $8,427,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,830,414

Other Expenses $5,839,459

TOTAL EXPENSES $5,839,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,427,817	$8,169,303	+0.0%
Expenses	$5,839,459	$5,327,985	+0.1%
Net Income	$2,588,358	$2,841,318	-0.1%

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

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

$4,370,135

Total Directors

$4,596,031

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN A FRY	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$51,650	$2,745,768
HELEN Y BOWMAN	VICE CHAIR, TREASURER	2.00	Officer Director	$0	$130,154	$854,710
CARMEN PICCOLO	VICE PRESIDENT	40.00	Officer Director	$0	$32,242	$193,252
ROBERT BUCKLEY	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK S PASQUARIELLO III	DIRECTOR	2.00	Director	$0	$0	$0
ALAN GREENBERGER	PRESIDENT, CHIEF OPERATING OFFICER	2.00	Officer Director	$0	$45,439	$372,903
DON LIBERATI	DIRECTOR	2.00	Director	$0	$25,809	$225,896
REBECCA LACHER	SECRETARY	2.00	Officer Director	$0	$26,437	$203,502

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	$8,427,817	$5,839,459	$34,608,058	$2,588,358
2023	$8,169,303	$5,327,985	$32,583,764	$2,841,318
2022	$8,151,800	$5,922,596	$29,565,241	$2,229,204
2021	$7,526,969	$5,589,889	$27,629,572	$1,937,080
2020	$7,233,685	$11,588,617	$25,045,725	$-4,354,932
2019	$7,712,052	$5,205,622	$29,305,381	$2,506,430
2018	$1,416,670	$6,814,722	$27,095,937	$-5,398,052

ACADEMIC PROPERTIES INC