Pitcairn Apartments Inc (EIN 251780073) - 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

Pitcairn Apartments Inc, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $224K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $264K exceeded revenue, resulting in a 18% operating deficit.

Mission

Housing for the physically disabled.

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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 $171,754

Program Service Revenue $50,594

Investment Income $167

Other Revenue $1,629

TOTAL REVENUE $224,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,632

Fundraising Expenses $0

Program Expenses $231,168

Other Expenses $252,881

TOTAL EXPENSES $263,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$224,144	$195,900	+0.1%
Expenses	$263,513	$233,516	+0.1%
Net Income	$-39,369	$-37,616	+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	2.00	Officer Director	$0	$0	$0
Jodi Lincoln	Vice President	2.00	Officer Director	$0	$0	$0
Tia Tarrant-Jackson	Operations Director	40.00	Officer Director	$0	$0	$0
James Eash	Secretary	2.00	Officer Director	$0	$0	$0
Sarah Ralich	Treasurer	2.00	Officer Director	$0	$0	$0
Joe Costa	Director	2.00	Director	$0	$0	$0
Greg Simmons	Director	2.00	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
2024	$224,144	$263,513	$729,719	$-39,369
2023	$195,900	$233,516	$794,944	$-37,616
2022	$168,864	$254,575	$849,929	$-85,711
2021	$197,554	$231,298	$889,470	$-33,744
2020	$227,988	$203,840	$971,568	$24,148
2019	$155,985	$232,773	$1,013,680	$-76,788
2018	$161,445	$243,152	$1,062,542	$-81,707

Pitcairn Apartments Inc