Providence Rivendell Court Apartments Inc (EIN 273895410) - 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

Dan Sturgis

Phone

5855299555

Tax Period

2024-01-01 to 2024-12-31

Providence Rivendell Court Apartments Inc, founded in 2010, is a small nonprofit that reported $583K in total revenue in fiscal year 2024. Revenue surged 321% from the prior year, signaling strong growth momentum. The organization ran a surplus of $424K, a strong 73% operating margin.

Mission

Operate 19 rental units for low income individuals in the City of Rochester.

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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 $128,083

Investment Income $448,974

Other Revenue $6,216

TOTAL REVENUE $583,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,123

Other Expenses $159,094

TOTAL EXPENSES $159,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,273	$138,399	+3.2%
Expenses	$159,094	$200,638	-0.2%
Net Income	$424,179	$-62,239	-7.8%

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

N/A

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

$389,787

Total Directors

$389,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Greisberger	President	0.10	Officer Director	$0	$2,608	$68,690
Helen Bianchi	Secretary	0.10	Officer Director	$0	$15,549	$159,974
Dan Sturgis	Treasurer	0.10	Officer Director	$0	$5,955	$161,123

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	$583,273	$159,094	$727,382	$424,179
2023	$138,399	$200,638	$1,090,991	$-62,239
2022	$588,957	$152,182	$1,242,961	$436,775
2021	$126,516	$130,334	$728,113	$-3,818
2020	$127,346	$174,104	$746,766	$-46,758
2019	$137,459	$140,354	$817,701	$-2,895
2018	$136,154	$138,422	$823,009	$-2,268

Providence Rivendell Court Apartments Inc