SIMEANNA APARTMENTS INC (EIN 237148097) - 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

1961

Legal Domicile

Principal Officer

THERESA M BERTRAM

Phone

9202354653

Tax Period

2023-01-01 to 2023-12-31

SIMEANNA APARTMENTS INC, founded in 1961, is a small nonprofit that reported $611K in total revenue in fiscal year 2023. Expenses of $542K left a modest 11% surplus.

Mission

TO PROVIDE QUALITY HOUSING FOR THE AGING.

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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 $0

Program Service Revenue $597,204

Investment Income $1,676

Other Revenue $12,203

TOTAL REVENUE $611,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $222,912

Fundraising Expenses $0

Program Expenses $427,066

Other Expenses $319,387

TOTAL EXPENSES $542,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$611,083	$576,202	+0.1%
Expenses	$542,299	$499,234	+0.1%
Net Income	$68,784	$76,968	-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

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

$393,735

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BEECHER	CHAIR	0.20	Officer Director	$0	$0	$0
NATE OLSEN	VICE-CHAIR	0.20	Officer Director	$0	$0	$0
JAMIE BONELL	SECRETARY	0.20	Officer Director	$0	$0	$0
MARK BOETTCHER	BOARD MEMBER	0.20	Director	$0	$0	$0
DIANE LANGDON	BOARD MEMBER	0.20	Director	$0	$0	$0
JASON LOWE	BOARD MEMBER	0.20	Director	$0	$0	$0
DR PAULA MCNIEL	BOARD MEMBER	0.20	Director	$0	$0	$0
STEW RIECKMAN	BOARD MEMBER	0.20	Director	$0	$0	$0
JIM STAPEL	BOARD MEMBER	0.20	Director	$0	$0	$0
THERESA BERTRAM	PRESIDENT & CEO	4.00	Officer	$0	$0	$393,735

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	$611,083	$542,299	$1,268,538	$68,784
2022	$576,202	$499,234	$1,304,589	$76,968
2021	$580,204	$469,844	$1,335,497	$110,360
2020	$571,142	$458,660	$1,220,504	$112,482
2019	$563,333	$437,574	$1,102,557	$125,759
2018	$547,614	$412,416	$999,049	$135,198

SIMEANNA APARTMENTS INC