TANNER GARDENS APARTMENTS (EIN 237155004) - 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

1972

Legal Domicile

Principal Officer

LC DEMON CAREY

Phone

6022431036

Tax Period

2024-07-01 to 2025-06-30

TANNER GARDENS APARTMENTS, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

HOUSING FACILITIES FOR LOW INCOME ELDERLY AND HANDICAPPED PERSONS AUTHORIZED UNDER SECTIONS 8 AND 21.

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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 $1,303,175

Investment Income $3,839

Other Revenue $29,097

TOTAL REVENUE $1,336,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,230

Fundraising Expenses $0

Program Expenses $1,025,018

Other Expenses $1,016,116

TOTAL EXPENSES $1,339,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,336,111	$1,542,307	-0.1%
Expenses	$1,339,346	$1,227,762	+0.1%
Net Income	$-3,235	$314,545	-1.0%

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
VIRGIL J BERRY	TREASURER	1.00	Officer Director	$0	$0	$0
LC DEMON CAREY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL DEAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ADORA GRIFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA HALE	SECRETARY	1.00	Director	$0	$0	$0
PHYLLIS RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL TABORN	BOARD MEMBER	1.00	Director	$0	$0	$0
LEAH LANDRUM TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
REVDR BENJAMIN THOMASSR	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELYN TOLIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
TERESA TONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RODGER WELLS	BOARD MEMBER	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
2025	$1,336,111	$1,339,346	$2,365,218	$-3,235
2024	No data	No data	No data	No data
2023	$1,206,588	$1,204,122	$2,181,457	$2,466
2022	$1,164,576	$1,053,633	$2,305,507	$110,943
2021	$1,108,591	$1,031,570	$2,247,696	$77,021
2020	$1,103,205	$931,281	$2,419,577	$171,924
2019	$1,074,468	$947,683	$2,565,821	$126,785
2018	$1,098,348	$890,172	$2,425,888	$208,176

TANNER GARDENS APARTMENTS