WILLIAM TUKE APARTMENTS INC (EIN 311394417) - 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

1993

Legal Domicile

Principal Officer

SCOTT BOONE

Phone

5135544567

Tax Period

2023-07-01 to 2024-06-30

WILLIAM TUKE APARTMENTS INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $175K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $221K exceeded revenue, resulting in a 26% operating deficit.

Mission

THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE TWO 10 UNIT APARTMENT COMMUNITIES IN WILLMINGTON, OHIO AND LEBANON, OHIO, PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT AS AMENDED.

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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 $175,164

Investment Income $5

Other Revenue $0

TOTAL REVENUE $175,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,876

Fundraising Expenses $0

Program Expenses $180,319

Other Expenses $137,614

TOTAL EXPENSES $221,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,169	$146,067	+0.2%
Expenses	$221,490	$277,035	-0.2%
Net Income	$-46,321	$-130,968	-0.6%

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
LIBBIE CURRY	BOARD MEMBER	0.25	Officer Director	$0	$0	$0
JUSTIN PHILLIPS	TENANT REP	0.25	Officer Director	$0	$0	$0
BILL PIERSON	BOARD MEMBER	0.25	Officer Director	$0	$0	$0
AARON POWELL	BOARD MEMBER	0.25	Officer Director	$0	$0	$0
DENISE STRYKER	BOARD MEMBER	0.25	Officer Director	$0	$0	$0
DARRELL TUCKER	TENANT REP	0.25	Officer Director	$0	$0	$0
SCOTT BOONE	CEO	1.00	Officer	$0	$0	$0
TIM BURCHETT	PRESIDENT	0.25	Officer	$0	$0	$0
TERESA CARRIER	EXECUTIVE VI	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	$175,169	$221,490	$532,228	$-46,321
2023	$146,067	$277,035	$574,294	$-130,968
2022	$160,600	$261,826	$645,248	$-101,226
2021	$161,228	$222,746	$703,556	$-61,518
2020	$170,793	$213,288	$686,816	$-42,495
2019	$159,084	$178,572	$679,062	$-19,488

WILLIAM TUKE APARTMENTS INC