PARKVIEW APARTMENTS INC (EIN 237405616) - 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

1974

Legal Domicile

Principal Officer

SARAH STEFFENSEN

Tax Period

2023-01-01 to 2023-12-31

PARKVIEW APARTMENTS INC, founded in 1974, is a small nonprofit that reported $206K in total revenue in fiscal year 2018.

Mission

AFFORDABLE HOUSING FOR THE COMMUNITY OF ARLINGTON

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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 $348,153

Investment Income $6,420

Other Revenue $23,375

TOTAL REVENUE $377,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,800

Fundraising Expenses $0

Program Expenses $320,300

Other Expenses $396,094

TOTAL EXPENSES $398,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,948	$367,394	+0.0%
Expenses	$398,894	$345,488	+0.2%
Net Income	$-20,946	$21,906	-2.0%

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

$54,317

Total Directors

$2,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH STEFFENSEN	MANAGER	20.00	Officer	$53,117	$0	$53,117
NAOMI JOHNSON	DIRECTOR	0.25	Director	$400	$0	$400
PENNY RINDERNECK	DIRECTOR	0.25	Director	$400	$0	$400
BETSY LINGBECK	DIRECTOR	0.25	Director	$400	$0	$400
DAWN JENSEN	DIRECTOR	0.25	Director	$400	$0	$400
JOHN STEFFENSEN	VICE PRESIDENT	0.25	Officer Director	$400	$0	$400
TOM AYLWARD	PRESIDENT	0.25	Officer Director	$400	$0	$400
MARILYN KELLY	SECRETARY TREASURER	0.25	Officer Director	$400	$0	$400
ZACH WARNKE	DIRECTOR	0.25	Director	$0	$0	$0
JOSH NELSON	DIRECTOR	0.25	Director	$0	$0	$0
PEYTON RAMSTAD	DIRECTOR	0.25	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	$377,948	$398,894	$2,424,550	$-20,946
2022	$367,394	$345,488	$2,438,594	$21,906
2021	$342,248	$300,411	$2,432,886	$41,837
2020	$330,895	$296,212	$2,395,092	$34,683
2019	$334,418	$362,556	$2,403,778	$-28,138
2018	$206,196	$212,407	$1,737,221	$-6,211

PARKVIEW APARTMENTS INC