AHI 2104 ARDMORE INC (EIN 274660632) - 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

2011

Legal Domicile

Principal Officer

LARRY SWANSON

Phone

4128293910

Tax Period

2023-01-01 to 2023-12-31

AHI 2104 ARDMORE INC, founded in 2011, is a small nonprofit that reported $112K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $159K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR VERY LOW AND LOW INCOME INDIVIDUALS, TO ACQUIRE, REHABILITATE, REPLACE, LEASE AND OPERATE A MIXED USE PROPERTY CONTAINING HOUSING AND COMMERCIAL FACILITES, AND TO PREVENT AND ABATE BLIGHT AND BLIGHTING INFLUENCES AND PROMOTE NEIGHBORHOOD IMPROVEMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,790

Program Service Revenue $78,270

Investment Income $83

Other Revenue $10,012

TOTAL REVENUE $112,155

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,263

Fundraising Expenses $0

Program Expenses $158,556

Other Expenses $153,293

TOTAL EXPENSES $158,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,155	$140,520	-0.2%
Expenses	$158,556	$167,905	-0.1%
Net Income	$-46,401	$-27,385	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON CIOTTI	TREASURER	2.00	Officer Director	$0	$0	$0
LARRY SWANSON	PRESIDENT	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$112,155	$158,556	$1,314,455	$-46,401
2022	$140,520	$167,905	$1,338,079	$-27,385
2021	$86,523	$154,684	$1,368,764	$-68,161
2021	$86,523	$154,684	$1,368,764	$-68,161
2020	$86,092	$137,774	$1,423,656	$-51,682
2019	$76,217	$175,879	$1,451,771	$-99,662
2018	$108,222	$151,380	$1,538,708	$-43,158

AHI 2104 ARDMORE INC