PIONEER APARTMENTS INC (EIN 237431302) - 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

MARGARET RICHARDS

Phone

6056428817

Tax Period

2024-07-01 to 2025-06-30

PIONEER APARTMENTS INC, founded in 1974, is a small nonprofit that reported $427K in total revenue in fiscal year 2018. Expenses of $585K exceeded revenue, resulting in a 37% operating deficit.

Mission

HOUSING IS PROVIDED TO 68 FAMILIES WHO QUALIFY AS LOW INCOME ELDERLY UNDER THE RURAL DEVELOPMENT ADMINISTRATION GUIDELINES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $466,820

Investment Income $464

Other Revenue $142,087

TOTAL REVENUE $609,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $439,563

Other Expenses $513,436

TOTAL EXPENSES $513,436

Year-over-Year Comparison

	2024	2023	Change
Revenue	$609,371	$485,466	+0.3%
Expenses	$513,436	$501,202	+0.0%
Net Income	$95,935	$-15,736	-7.1%

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

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
SANDRA HOLLENBACK	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JAN BISHOP	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	$609,371	$513,436	$883,753	$95,935
2024	$485,466	$501,202	$824,263	$-15,736
2023	$463,845	$587,788	$844,967	$-123,943
2022	$439,153	$550,666	$981,911	$-111,513
2021	$435,085	$552,231	$1,099,953	$-117,146
2020	$508,892	$571,903	$1,234,938	$-63,011
2019	$426,744	$584,758	$1,291,180	$-158,014

PIONEER APARTMENTS INC