SHERMAN APARTMENTS ASSOCIATION (EIN 320020392) - 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

2002

Legal Domicile

Principal Officer

WALTER DWYER

Phone

6309664000

Tax Period

2023-07-01 to 2024-06-30

SHERMAN APARTMENTS ASSOCIATION, founded in 2002, is a small nonprofit in the Education sector that reported $233K in total revenue in fiscal year 2023. Expenses of $288K exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDING SUPPORT AND HOUSING TO ADULTS WHO ARE DEVELOPMENTALLY DISABLED TO MAXIMIZE THEIR POTENTIAL.

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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 $232,750

Investment Income $473

Other Revenue $0

TOTAL REVENUE $233,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,381

Fundraising Expenses $0

Program Expenses $246,174

Other Expenses $234,744

TOTAL EXPENSES $288,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,223	$227,426	+0.0%
Expenses	$288,125	$264,298	+0.1%
Net Income	$-54,902	$-36,872	+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

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

$225,236

Total Directors

$225,236

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCES L BAKER	SECRETARY/TREASURER	1.00	Officer Director	$0	$18,308	$225,236
WALTER DWYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICK POULTON	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE SIMPSON	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$233,223	$288,125	$2,543,910	$-54,902
2023	$227,426	$264,298	$2,450,781	$-36,872
2022	$248,298	$297,944	$2,347,721	$-49,646
2021	$226,245	$344,060	$2,422,792	$-117,815
2020	$244,683	$241,358	$2,494,010	$3,325
2019	$234,348	$254,376	$2,448,026	$-20,028
2018	$218,512	$269,123	$2,479,513	$-50,611

SHERMAN APARTMENTS ASSOCIATION