TURRELL PLACE APARTMENTS INC (EIN 300186085) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

KENDRELL COLLINS

Phone

8708221380

Tax Period

2024-07-01 to 2025-06-30

TURRELL PLACE APARTMENTS INC, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $70K in total revenue in fiscal year 2017. Expenses of $85K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY IN TURRELL, ARKANSAS BASED ON THE GUIDELINES SET FORTH BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $91,535

Investment Income $284

Other Revenue $0

TOTAL REVENUE $91,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,503

Fundraising Expenses $0

Program Expenses $92,970

Other Expenses $97,315

TOTAL EXPENSES $115,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$91,819	$90,865	+0.0%
Expenses	$115,818	$110,145	+0.1%
Net Income	$-23,999	$-19,280	+0.2%

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

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
KENDRELL COLLINS	PRESIDENT OF	1.00	Officer Director	$0	$0	$0
ASHLEY FOUNTAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JIMMY JOHNSON	TREASURER	1.00	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
2025	$91,819	$115,818	$478,099	$-23,999
2024	$90,865	$110,145	$503,416	$-19,280
2023	$91,890	$99,293	$522,319	$-7,403
2022	$94,535	$102,001	$542,476	$-7,466
2021	$77,388	$88,154	$535,378	$-10,766
2020	$77,763	$88,767	$546,043	$-11,004
2019	$74,181	$97,081	$561,010	$-22,900
2018	$69,580	$85,493	$580,024	$-15,913

TURRELL PLACE APARTMENTS INC