PONDEROSA APARTMENTS INC (EIN 237232223) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

MARGARET RICHARDS

Phone

6056424744

Tax Period

2023-10-01 to 2024-09-30

PONDEROSA APARTMENTS INC, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year.

Mission

TO PROVIDE HOUSING AND RELATED FACILITIES FOR THE ELDERLY AND DISABLED PERSONS OF THE AREA. BASED UPON THEIR RESPECTIVE INCOMES, RURAL DEVELOPMENT PROVIDES RENTAL ASSISTANCE FOR THE LOW AND VERY LOW INCOME PERSONS FOR MOST OF THE BUILDINGS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $299,522

Program Service Revenue $2,703,513

Investment Income $4,345

Other Revenue $29,784

TOTAL REVENUE $3,037,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,398,602

Other Expenses $3,467,754

TOTAL EXPENSES $3,467,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,037,164	$2,922,476	+0.0%
Expenses	$3,467,754	$3,869,411	-0.1%
Net Income	$-430,590	$-946,935	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRIN DONAT	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS MITCHEL	MEMBER	1.00	Director	$0	$0	$0
TERRY CAUDILL	MEMBER	1.00	Director	$0	$0	$0
KAY SCHALLENKAMP	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
2024	$3,037,164	$3,467,754	$16,244,123	$-430,590
2023	$2,922,476	$3,869,411	$17,062,769	$-946,935
2022	$3,089,734	$3,454,784	$17,012,312	$-365,050
2021	$2,908,834	$3,048,100	$17,401,762	$-139,266
2020	$2,698,633	$2,870,911	$17,001,300	$-172,278
2019	$2,678,672	$2,901,682	$15,570,990	$-223,010

PONDEROSA APARTMENTS INC