PRESBYTERIAN APARTMENTS INC (EIN 237239523) - 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

KENNETH KING

Phone

2565331670

Tax Period

2023-01-01 to 2023-12-31

Presbyterian Apartments Inc, founded in 1972, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 8% surplus.

Mission

TO PROVIDE HOUSING FOR LOW INCOME AND ELDERLY PERSONS

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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 $0

Program Service Revenue $1,678,740

Investment Income $217

Other Revenue $38,610

TOTAL REVENUE $1,717,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $518,094

Fundraising Expenses $0

Program Expenses $1,687,039

Other Expenses $1,168,945

TOTAL EXPENSES $1,687,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,717,567	$1,653,058	+0.0%
Expenses	$1,687,039	$1,507,893	+0.1%
Net Income	$30,528	$145,165	-0.8%

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

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
CINDY BAIER	PRESIDENT	N/A	Officer Director	$0	$0	$0
BOB COATS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
TOM ERWIN	BOARD MEMBER	N/A	Director	$0	$0	$0
DAVID GALLOWAY	BOARD MEMBER	N/A	Director	$0	$0	$0
KENNETH KING	TREASURER	N/A	Officer Director	$0	$0	$0
RICHARD TINGLE	BOARD MEMBER	N/A	Director	$0	$0	$0
JANICE TURNER	SECRETARY	N/A	Officer Director	$0	$0	$0
WALTER WATSON	VICE PRESIDE	N/A	Officer 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	No data	No data	No data	No data
2023	$1,717,567	$1,687,039	$2,492,413	$30,528
2022	$1,653,058	$1,507,893	$2,433,679	$145,165
2021	$1,631,588	$1,554,238	$2,262,074	$77,350
2020	$1,689,857	$1,358,202	$2,183,135	$331,655
2019	$1,555,572	$1,315,848	$1,851,460	$239,724
2018	$1,443,323	$1,326,522	$1,628,567	$116,801

PRESBYTERIAN APARTMENTS INC