FIRST CONGREGATIONAL MEMORIAL TOWER (EIN 237384453) - 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

1974

Legal Domicile

Principal Officer

MIKE BURROWS

Phone

3232583512

Tax Period

2023-07-01 to 2024-06-30

FIRST CONGREGATIONAL MEMORIAL TOWER, founded in 1974, is a community nonprofit in the Housing & Shelter sector that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 38% operating margin.

Mission

TO OPERATE A 100 UNIT SENIOR CITIZEN HOUSING COMPLEX WHICH SERVES THE LOW-INCOME, ELDERLY AND HANDICAPPED.

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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 $3,028,007

Investment Income $155,580

Other Revenue $0

TOTAL REVENUE $3,183,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,424

Fundraising Expenses $0

Program Expenses $1,489,385

Other Expenses $1,601,467

TOTAL EXPENSES $1,971,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,183,587	$2,827,900	+0.1%
Expenses	$1,971,891	$1,743,492	+0.1%
Net Income	$1,211,696	$1,084,408	+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

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
GLENN DUNHAM	Vice President	0.50	Officer Director	$0	$0	$0
JANE WELSH	Director	0.50	Director	$0	$0	$0
MARLA MCBRIDE	Director	0.50	Director	$0	$0	$0
BOB MURPHY	President	0.50	Officer Director	$0	$0	$0
ANTONIO MARTINEZ	Director	0.50	Director	$0	$0	$0
APPASWAMY PAJANOR	Director	0.50	Director	$0	$0	$0
JERE MCINERNEY	Secretary	0.50	Officer Director	$0	$0	$0
DONALD ASHLEY	CFO	0.50	Officer Director	$0	$0	$0
LISA STREIBING	Director	0.50	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	No data	No data	No data	No data
2024	$3,183,587	$1,971,891	$8,648,136	$1,211,696
2023	$2,827,900	$1,743,492	$7,529,992	$1,084,408
2022	$1,449,134	$1,489,705	$6,531,054	$-40,571
2021	$1,444,960	$1,405,677	$6,684,595	$39,283
2020	$1,431,741	$1,421,227	$6,744,470	$10,514
2019	$1,377,621	$1,467,412	$6,862,403	$-89,791

FIRST CONGREGATIONAL MEMORIAL TOWER