JACKSON LANE APARTMENTS INC (EIN 311312988) - 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

SCOTT BOONE

Phone

5135544567

Tax Period

2023-07-01 to 2024-06-30

JACKSON LANE APARTMENTS INC, founded in 1991, is a micro nonprofit in the Housing & Shelter sector that reported $92K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $123K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PROVIDE FACILITIES & SERVICES DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS FOR ELDERLY & HANDICAPPED INDIVIDUALS

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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 $0

Program Service Revenue $91,395

Investment Income $270

Other Revenue $0

TOTAL REVENUE $91,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,131

Fundraising Expenses $0

Program Expenses $100,904

Other Expenses $77,218

TOTAL EXPENSES $123,349

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,665	$96,502	-0.1%
Expenses	$123,349	$159,267	-0.2%
Net Income	$-31,684	$-62,765	-0.5%

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
MARSHA BIRD	BOARD MEMBER	0.25	Director	$0	$0	$0
CONSTANCE CRUMLEY	CHAIRPERSON	0.25	Director	$0	$0	$0
BILL ILIFF	BOARD MEMBER	0.25	Director	$0	$0	$0
JEFF MITCHELL	BOARD MEMBER	0.25	Director	$0	$0	$0
BLYTHE PANDORF	VICE CHAIR	0.25	Director	$0	$0	$0
SCOTT BOONE	CEO	1.00	Officer	$0	$0	$0
TERESA CARRIER	COO	1.00	Officer	$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	No data	No data	No data	No data
2024	$91,665	$123,349	$433,257	$-31,684
2023	$96,502	$159,267	$445,912	$-62,765
2022	$100,310	$131,727	$477,934	$-31,417
2021	$97,321	$124,333	$480,326	$-27,012
2020	$100,371	$134,062	$468,715	$-33,691
2019	$98,629	$84,360	$486,636	$14,269

JACKSON LANE APARTMENTS INC