HEMPFIELD APARTMENTS INC (EIN 261678481) - 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

2007

Legal Domicile

Principal Officer

PATTY MCCLUSKEY-SHONKA

Phone

7243426222

Tax Period

2024-07-01 to 2025-06-30

HEMPFIELD APARTMENTS INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $146K in total revenue in fiscal year 2024. Expenses of $238K exceeded revenue, resulting in a 63% operating deficit.

Mission

PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

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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 $0

Program Service Revenue $145,835

Investment Income $82

Other Revenue $24

TOTAL REVENUE $145,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,812

Fundraising Expenses $0

Program Expenses $189,822

Other Expenses $203,591

TOTAL EXPENSES $238,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,941	$135,971	+0.1%
Expenses	$238,403	$244,048	0.0%
Net Income	$-92,462	$-108,077	-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

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

$225,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRAN BILLEN	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
PATTY MCCLUSKEY-SHONKA	PRESIDENT	0.10	Officer Director	$0	$0	$0
NATALIE HIGBEE	BOARD MEMBER	0.10	Director	$0	$0	$0
DENISE ANTHONY	SECRETARY	0.10	Officer Director	$0	$0	$0
JAMES LOWRY	TREASURER	0.10	Officer Director	$0	$0	$0
WILMA TORRES	CEO	0.10	Officer	$0	$20,919	$135,644
MICHELLE CLARKE	CFO	0.10	Officer	$0	$12,049	$89,897

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	$145,941	$238,403	$2,209,556	$-92,462
2024	$135,971	$244,048	$2,273,032	$-108,077
2023	$148,439	$235,707	$2,342,939	$-87,268
2022	$145,504	$233,070	$2,421,878	$-87,566
2021	$147,806	$235,185	$2,490,917	$-87,379
2020	$136,889	$217,410	$2,579,818	$-80,521

HEMPFIELD APARTMENTS INC