SONRISA APARTMENTS INC (EIN 270326025) - 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

ROSE LOPEZ

Phone

5207211887

Tax Period

2022-10-01 to 2023-09-30

SONRISA APARTMENTS INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $136K in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $179K exceeded revenue, resulting in a 32% operating deficit.

Mission

PROVIDE MULTI-FAMILY HOUSING FACILITIES FOR PERSONS WITH SERIOUS MENTAL ILLNESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $135,755

Investment Income $0

Other Revenue $0

TOTAL REVENUE $135,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,157

Other Expenses $179,157

TOTAL EXPENSES $179,157

Year-over-Year Comparison

	2022	2021	Change
Revenue	$135,755	$105,934	+0.3%
Expenses	$179,157	$169,541	+0.1%
Net Income	$-43,402	$-63,607	-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

$579,869

Total Directors

$82,378

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDT HAZEN	CHAIRMAN OF THE BOARD	0.50	Officer Director	$0	$0	$0
BRETT RUSTAND	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
MIMI COOMLER	SECRETARY	0.50	Officer Director	$0	$0	$0
GREG BRYSON	TREASURER	0.50	Officer Director	$0	$0	$0
TERRANCE WATKINS	DIRECTOR	0.50	Director	$0	$8,486	$82,378
ROSE LOPEZ	PRESIDENT & CEO	0.50	Officer	$0	$8,192	$397,470
JIM VITT	CFO	0.50	Officer	$0	$13,212	$182,399

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	No data	No data	No data	No data
2023	$135,755	$179,157	$1,691,778	$-43,402
2022	$105,934	$169,541	$1,721,889	$-63,607
2021	$80,501	$150,614	$1,769,337	$-70,113
2020	$82,176	$154,309	$1,823,052	$-72,133
2019	$73,148	$147,980	$1,890,395	$-74,832
2018	$76,775	$153,478	$1,931,486	$-76,703

SONRISA APARTMENTS INC