DORMONT PLACE APARTMENTS INC (EIN 251687925) - 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

1998

Legal Domicile

Principal Officer

LENA ANDREWS

Phone

4128293910

Tax Period

2024-01-01 to 2024-12-31

DORMONT PLACE APARTMENTS INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $329K in total revenue in fiscal year 2024. Expenses of $413K exceeded revenue, resulting in a 26% operating deficit.

Mission

PROVIDE HOUSING FOR ELDERLY

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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 (2024)

Revenue Breakdown

Contributions & Grants $165,800

Program Service Revenue $161,288

Investment Income $220

Other Revenue $1,376

TOTAL REVENUE $328,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,266

Fundraising Expenses $0

Program Expenses $359,113

Other Expenses $390,459

TOTAL EXPENSES $412,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,684	$315,644	+0.0%
Expenses	$412,725	$401,143	+0.0%
Net Income	$-84,041	$-85,499	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LENA ANDREWS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JODI LINCOLN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES EASH	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH RALICH	TREASURER	1.00	Officer Director	$0	$0	$0
JOE COSTA	DIRECTOR	1.00	Director	$0	$0	$0
GREG SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
TIA TARRANT-JACKSON	OPERATIONS DIRECTOR	40.00	Officer	$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	$328,684	$412,725	$1,175,638	$-84,041
2023	$315,644	$401,143	$1,256,976	$-85,499
2022	$285,490	$407,882	$1,375,078	$-122,392
2021	$320,250	$408,578	$1,486,123	$-88,328
2020	$303,493	$344,396	$1,561,216	$-40,903
2019	$274,130	$370,709	$1,660,209	$-96,579
2018	$260,233	$397,505	$1,762,411	$-137,272

DORMONT PLACE APARTMENTS INC