TIOGA PRESBYTERIAN APARTMENTS INC

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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

1994

Legal Domicile

Principal Officer

JOHN H COCHRANE III

Phone

6108341001

Tax Period

2023-01-01 to 2023-12-31

TIOGA PRESBYTERIAN APARTMENTS INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE, AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTRANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU.

Program Service Accomplishments

Program 1

Expenses: $1,268,353 Revenue: $529,957

THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF A 114-UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND...

THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF A 114-UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND RECREATIONAL ACTIVITIES TO FACILITATE INCREASED SOCIALIZATION AND ENRICHMENT FOR ALL RESIDENTS IN A POSITIVE AND WELCOMING ENVIRONMENT. 113 OF THE 114 UNITS ARE AVAILABLE TO RESIDENTS.

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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 $790,248

Program Service Revenue $529,957

Investment Income $23

Other Revenue $23,656

TOTAL REVENUE $1,343,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,111

Fundraising Expenses $0

Program Expenses $1,268,353

Other Expenses $1,044,234

TOTAL EXPENSES $1,367,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,343,884	$1,081,234	+0.2%
Expenses	$1,367,345	$1,298,421	+0.1%
Net Income	$-23,461	$-217,187	-0.9%

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

$4,118,620

Total Directors

$451,000

Key Employees

$458,683

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL STAMPER	CHAIR	0.10	Officer Director	$0	$0	$73,000
ALBERT KELLEY	VICE CHAIR	0.10	Officer Director	$0	$0	$63,000
H DECLAN BROWN	SECRETARY	0.10	Officer Director	$0	$0	$63,000
JUDITH BAKER	BOARD MEMBER	0.10	Director	$0	$0	$63,000
REV MICHELLE HOLMES	BOARD MEMBER	0.10	Director	$0	$0	$63,000
WILLIAM BATISON	BOARD MEMBER	0.10	Director	$0	$0	$63,000
ALLAN GRIFFITH	BOARD MEMBER	0.10	Director	$0	$0	$63,000
JOHN H COCHRANE III	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$40,383	$1,137,774
DANIEL OGUS	CHIEF OPERATING OFFICER	0.50	Officer	$0	$41,587	$895,319
ANDREW MCDONALD	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$40,715	$651,891
BETHANY GHASSEMI	CHIEF LEGAL OFFICER	0.50	Officer	$0	$15,193	$560,689
ANIKA HARTOUNIAN	VP OF FINANCE	0.50	Officer	$0	$38,036	$334,595
NICK LINDBERG	CHIEF INFORMATION OFFICE	0.50	Officer	$0	$1,975	$229,272
MIN FLEMING MENG	CHIEF INFORMATION OFFICE	0.00	Officer	$0	$0	$110,080
JENNIFER KAPPEN	SVP - AFFORDABLE HOUSING	8.00	Key Emp	$0	$47,857	$458,683

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	No data	No data	No data	No data
2023	$1,343,884	$1,367,345	$1,877,172	$-23,461
2022	$1,081,234	$1,298,421	$1,673,218	$-217,187
2021	$1,082,830	$1,184,896	$1,733,814	$-102,066
2020	$1,099,253	$1,104,784	$1,760,619	$-5,531
2019	$1,020,013	$1,175,714	$1,785,570	$-155,701
2018	$1,032,925	$1,198,757	$1,926,691	$-165,832