SANDSTONE APARTMENTS INC (EIN 311483371) - 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

1996

Legal Domicile

Principal Officer

Julie Ann Avin

Phone

8037861844

Tax Period

2023-01-01 to 2023-12-31

SANDSTONE APARTMENTS INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $153K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $174K exceeded revenue, resulting in a 14% operating deficit.

Mission

Housing for low income mentally disabled 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 $86,732

Program Service Revenue $64,025

Investment Income $22

Other Revenue $1,850

TOTAL REVENUE $152,629

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,561

Fundraising Expenses $0

Program Expenses $165,049

Other Expenses $144,108

TOTAL EXPENSES $173,669

Year-over-Year Comparison

	2023	2022	Change
Revenue	$152,629	$137,069	+0.1%
Expenses	$173,669	$176,641	0.0%
Net Income	$-21,040	$-39,572	-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

$400,060

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Ann Avin	President	4.00	Officer	$0	$0	$176,171
Susan O'Neal	Treasurer	4.00	Officer	$0	$0	$114,725
Julie Miller	Secretary	4.00	Officer	$0	$0	$109,164
Shayla Merritt	BOARD MEMBER	1.00	Director	$0	$0	$0
Dr Tosin Adelakun	BOARD MEMBER	1.00	Director	$0	$0	$0
Anthony Cortopassi	BOARD MEMBER	1.00	Director	$0	$0	$0
Elaine Delk	BOARD MEMBER	1.00	Director	$0	$0	$0
Mary Winter Teaster	BOARD MEMBER	1.00	Director	$0	$0	$0
Mike Kelly	BOARD MEMBER	1.00	Director	$0	$0	$0
Melanie Matthews	BOARD MEMBER	1.00	Director	$0	$0	$0
Shayla Riley	BOARD MEMBER	1.00	Director	$0	$0	$0
Brad Shell	BOARD MEMBER	1.00	Director	$0	$0	$0
Shannon Tallent	BOARD MEMBER	1.00	Director	$0	$0	$0
Troy Washington	BOARD MEMBER	1.00	Director	$0	$0	$0
Ronny Burkett	BOARD MEMBER	1.00	Director	$0	$0	$0
Olivette Ford	BOARD MEMBER	1.00	Director	$0	$0	$0
Dr Debra Hamm	Chair	1.00	Officer	$0	$0	$0
Dr Lucy Easler	Vice Chair	1.00	Officer	$0	$0	$0
Woody Moore	Past Chair	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
2024	No data	No data	No data	No data
2023	$152,629	$173,669	$553,545	$-21,040
2022	$137,069	$176,641	$568,484	$-39,572
2021	$129,046	$166,630	$590,415	$-37,584
2020	$122,984	$156,423	$613,998	$-33,439
2020	$122,984	$156,426	$613,999	$-33,442
2019	$123,999	$159,901	$635,306	$-35,902
2018	$114,746	$138,851	$657,068	$-24,105

SANDSTONE APARTMENTS INC