CANE POINTE APARTMENTS INC co JOAN KIRSCH (EIN 300514137) - 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

2008

Legal Domicile

Phone

3378566061

Tax Period

2024-01-01 to 2024-12-31

CANE POINTE APARTMENTS INC co JOAN KIRSCH, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $131K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $177K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE ORGANIZATION PROVIDES LOW INCOME HOUSING ON A NON-PROFIT BASIS PURSUANT TO THE NATIONAL AFFORDABLE HOUSING ACT.

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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 $2,301

Program Service Revenue $129,090

Investment Income $0

Other Revenue $0

TOTAL REVENUE $131,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,546

Fundraising Expenses $0

Program Expenses $176,816

Other Expenses $163,270

TOTAL EXPENSES $176,816

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,391	$120,622	+0.1%
Expenses	$176,816	$179,692	0.0%
Net Income	$-45,425	$-59,070	-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	Role	Reportable Comp	Other Comp	Total
GUILLIAM A LEGER	Treasurer	Director	$0	$0	$0
PHILLIP BOURRGEOIS	President	Officer Director	$0	$0	$0
LINDA JEFFERSON	Director	Director	$0	$0	$0
DANNY SAUCIER	Vice President	Director	$0	$0	$0
MARILYN THOMPSON	Secretary	Director	$0	$0	$0
SUSAN SAUCIER	Director	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	$131,391	$176,816	$1,590,878	$-45,425
2023	$120,622	$179,692	$1,643,898	$-59,070
2022	$193,681	$152,387	$1,710,609	$41,294
2021	$118,757	$156,984	$1,642,561	$-38,227
2020	$111,388	$146,748	$1,690,007	$-35,360
2019	$96,533	$139,853	$1,744,405	$-43,320
2018	$107,504	$148,804	$1,794,077	$-41,300

CANE POINTE APARTMENTS INC co JOAN KIRSCH