APPLEWAY COURT 202 (EIN 264423348) - 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

2009

Legal Domicile

Principal Officer

JAMES MAXWELL

Phone

5095366650

Tax Period

2024-06-01 to 2025-05-31

APPLEWAY COURT 202, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $279K in total revenue in fiscal year 2024. Expenses of $558K exceeded revenue, resulting in a 100% operating deficit.

Mission

TO PROVIDE VERY LOW INCOME ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL AND SOCIAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS.

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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 $106,502

Program Service Revenue $162,446

Investment Income $4,476

Other Revenue $5,507

TOTAL REVENUE $278,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $492,144

Other Expenses $557,507

TOTAL EXPENSES $557,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,931	$270,668	+0.0%
Expenses	$557,507	$492,553	+0.1%
Net Income	$-278,576	$-221,885	+0.3%

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

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

$679,879

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MAXWELL	CEO	1.00	Officer	$0	$38,835	$457,595
CHARLES WELLS	CFO	2.00	Officer	$0	$17,912	$222,284
JONELL BLOCK	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS BAFUS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BETH BORNHOFT	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
SHEILA MIRANDA	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMILLA MOUNTS	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	$278,931	$557,507	$2,920,416	$-278,576
2024	$270,668	$492,553	$3,207,799	$-221,885
2023	$265,195	$505,306	$3,430,368	$-240,111
2022	$259,162	$487,520	$3,656,657	$-228,358
2021	$261,093	$501,315	$3,887,249	$-240,222
2020	$257,161	$484,939	$4,121,935	$-227,778
2019	$248,916	$456,293	$4,353,124	$-207,377

APPLEWAY COURT 202