Community Apartments Corporation of Rutherford County 2 (EIN 300046623) - 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

2001

Legal Domicile

Principal Officer

John Nash

Phone

9197824632

Tax Period

2021-10-01 to 2022-09-30

Community Apartments Corporation of Rutherford County 2, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $60K in total revenue in fiscal year 2021. Expenses of $77K exceeded revenue, resulting in a 28% operating deficit.

Mission

The Organization provides housing for the mentally ill.

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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 (2021)

Revenue Breakdown

Contributions & Grants $29,241

Program Service Revenue $30,752

Investment Income $144

Other Revenue $0

TOTAL REVENUE $60,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $61,369

Other Expenses $76,690

TOTAL EXPENSES $76,690

Year-over-Year Comparison

	2021	2020	Change
Revenue	$60,137	$60,488	0.0%
Expenses	$76,690	$71,962	+0.1%
Net Income	$-16,553	$-11,474	+0.4%

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
Stephanie Antkowiak	Director	0.10	Director	$0	$0	$0
Marvin Alligood	Director	0.10	Director	$0	$0	$0
Dawn Selby	Director	0.10	Director	$0	$0	$0
Tim Kirk	Director	0.10	Director	$0	$0	$0
Robert Bradstock	Director	0.10	Director	$0	$0	$0
Elisha Burns	Director	0.10	Director	$0	$0	$0
Daphne Hall	Director	0.10	Director	$0	$0	$0
Jennifer Pfaltzgraff	Director	0.10	Director	$0	$0	$0
Clementine Brown	Director	0.10	Director	$0	$0	$0
Gale Kirk	President	0.10	Officer Director	$0	$0	$0
Carol Ann Conway	Vice President	0.10	Officer Director	$0	$0	$0
Wayne Dawson	IPP & Sec/Treas	0.10	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
2022	$60,137	$76,690	$520,891	$-16,553
2021	$60,488	$71,962	$536,603	$-11,474
2020	$61,595	$67,297	$543,942	$-5,702
2019	$59,394	$67,129	$545,745	$-7,735
2018	$57,945	$73,636	$555,684	$-15,691

Community Apartments Corporation of Rutherford County 2