LIFETIME COMMUNITY APARTMENTS INC (EIN 300062484) - 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

1991

Legal Domicile

Principal Officer

LINDA ANDERSON

Phone

5854264120

Tax Period

2023-01-01 to 2023-12-31

LIFETIME COMMUNITY APARTMENTS INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $217K in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 24% operating margin.

Mission

MAINTENANCE OF A RESIDENCE FOR 8 DEVELOPMENTALLY DISABLED ADULTS INCLUDING DETERMINING ELIGILITY FOR HUD PROGRAM ASSISTANCE.

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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 $104,552

Program Service Revenue $110,112

Investment Income $2,149

Other Revenue $0

TOTAL REVENUE $216,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,799

Fundraising Expenses $0

Program Expenses $105,737

Other Expenses $133,312

TOTAL EXPENSES $164,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,813	$110,627	+1.0%
Expenses	$164,111	$157,713	+0.0%
Net Income	$52,702	$-47,086	-2.1%

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

$594,429

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM SMITHGALL	CHAIRMAN	0.20	Officer Director	$0	$0	$0
DON FUREY PHD	VICE-CHAIRMAN	0.20	Officer Director	$0	$0	$0
MARY SQUIRES	TREASURER	0.20	Officer Director	$0	$0	$0
CATHY HOUSTON-WILSON PHD	SECRETARY	0.20	Officer Director	$0	$0	$0
LINDA ANDERSON	CFO	1.00	Officer	$0	$35,198	$250,112
BRYAN O'DONOVAN	PRESIDENT & CEO	1.00	Officer	$0	$6,242	$344,317
JAMES BRANCIFORTE	FORMER PRESIDENT & CEO	1.00		$0	$0	$240,770

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	$216,813	$164,111	$585,302	$52,702
2022	$110,627	$157,713	$402,769	$-47,086
2021	$110,149	$132,080	$424,326	$-21,931
2020	$110,158	$126,420	$508,029	$-16,262
2019	$110,156	$143,476	$483,215	$-33,320
2018	$110,146	$149,794	$516,508	$-39,648

LIFETIME COMMUNITY APARTMENTS INC