Mansfield Memorial Homes Apartments (EIN 341155663) - 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

1972

Legal Domicile

Phone

4197745100

Tax Period

2024-01-01 to 2024-12-31

Mansfield Memorial Homes Apartments, founded in 1972, is a small nonprofit in the Housing & Shelter sector that reported $536K in total revenue in fiscal year 2024.

Mission

The primary purpose is to provide, on a nonprofit basis, housing for lower-income elderly families and elderly families displaced from urban renewal areas, where no adequate housing exists for these families. Such housing may include facilities for the handicapped.

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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 $223,332

Program Service Revenue $305,371

Investment Income $2

Other Revenue $6,830

TOTAL REVENUE $535,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,536

Fundraising Expenses $0

Program Expenses $427,928

Other Expenses $324,400

TOTAL EXPENSES $531,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$535,535	$507,120	+0.1%
Expenses	$531,936	$530,292	+0.0%
Net Income	$3,599	$-23,172	-1.2%

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

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

$97,217

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Martin Tremmel	CEO	10.00	Director	$48,608	$0	$97,217
Robert Exten	Trustee	0.00	Director	$0	$0	$0
Brian Joyce	Trustee	0.00	Director	$0	$0	$0
John J Kastelic	Treasurer	0.00	Officer Director	$0	$0	$0
Harry Frietchen	Trustee	0.00	Director	$0	$0	$0
Ray Loughman	Trustee	0.00	Director	$0	$0	$0
Ary van Harlingen	President	0.00	Officer Director	$0	$0	$0
Nick Atterholt	Trustee	0.00	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
2024	$535,535	$531,936	$321,572	$3,599
2023	$507,120	$530,292	$383,868	$-23,172
2022	$473,887	$546,543	$366,394	$-72,656
2021	$377,640	$561,934	$428,069	$-184,294
2020	$350,156	$539,783	$501,249	$-189,627
2019	$357,388	$506,472	$499,418	$-149,084
2018	$422,878	$483,216	$581,503	$-60,338

Mansfield Memorial Homes Apartments