CULVER GARDEN COURT INC (EIN 273217476) - 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

2010

Legal Domicile

Principal Officer

JOHN MYERS

Phone

5742349923

Tax Period

2024-07-01 to 2025-06-30

CULVER GARDEN COURT INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $133K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $147K exceeded revenue, resulting in a 11% operating deficit.

Mission

CULVER GARDEN COURT, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 13 UNIT APARTMENT COMMUNITY IN CULVER, INDIANA, KNOWN AS CULVER GARDEN COURT, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT(PRAC CONTRACT) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW-INCOME FAMILIES OR PERSONS AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

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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 $73,646

Program Service Revenue $57,342

Investment Income $7

Other Revenue $1,932

TOTAL REVENUE $132,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,110

Other Expenses $147,223

TOTAL EXPENSES $147,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$132,927	$115,922	+0.1%
Expenses	$147,223	$143,779	+0.0%
Net Income	$-14,296	$-27,857	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MYERS	PRESIDENT	0.50	Officer Director	$0	$0	$0
DIANN PARSONS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KAREN GEHRKE	SECRETARY	0.50	Officer Director	$0	$0	$0
LORETTA PETERS	DIRECTOR	0.50	Director	$0	$0	$0
LORI PARRISH	DIRECTOR	0.50	Director	$0	$0	$0
MARY KAUFMAN	DIRECTOR	0.50	Director	$0	$0	$0
SARAH SMITH	DIRECTOR	0.50	Director	$0	$0	$0
SHARON BALKA	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN ELLERT	DIRECTOR	0.50	Director	$0	$0	$0
MATT COTTRILL	DIRECTOR	0.50	Director	$0	$0	$0
MARK COTTRILL	DIRECTOR	0.50	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	$132,927	$147,223	$1,079,437	$-14,296
2024	$115,922	$143,779	$1,100,158	$-27,857
2023	$118,116	$130,026	$1,132,511	$-11,910
2022	$108,635	$134,456	$1,139,316	$-25,821
2021	$98,365	$126,911	$1,170,118	$-28,546
2020	$94,349	$117,971	$1,190,733	$-23,622
2019	$98,297	$121,604	$1,221,267	$-23,307
2018	$94,268	$114,580	$1,236,290	$-20,312

CULVER GARDEN COURT INC