COLEMAN APARTMENTS INC (EIN 341789874) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

HATTIE M TRACY

Phone

3306731347

Tax Period

2025-01-01 to 2025-12-31

COLEMAN APARTMENTS INC, founded in 1994, is a micro nonprofit in the Housing & Shelter sector that reported $84K in total revenue in fiscal year 2025. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $107K exceeded revenue, resulting in a 26% operating deficit.

Mission

HOUSING FOR DISABLED PERSONS AND THEIR FAMILIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $78,954

Investment Income $1,394

Other Revenue $4,112

TOTAL REVENUE $84,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,543

Other Expenses $106,764

TOTAL EXPENSES $106,764

Year-over-Year Comparison

	2025	2024	Change
Revenue	$84,460	$163,510	-0.5%
Expenses	$106,764	$118,340	-0.1%
Net Income	$-22,304	$45,170	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE ALEXANDER	TRUSTEE	0.20	Director	$0	$0	$0
MICHAEL BAKES	PRESIDENT	0.20	Officer Director	$0	$0	$0
HATTIE M TRACY	VICE PRESIDENT/TREASURER	0.20	Officer Director	$0	$0	$0
STEVE KERR	TRUSTEE	0.20	Director	$0	$0	$0
MARCUS SEIFERT	TRUSTEE	0.20	Director	$0	$0	$0
DAVID SOMMERS	SECRETARY	0.20	Officer 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	$84,460	$106,764	$446,464	$-22,304
2024	$163,510	$118,341	$473,546	$45,169
2023	$69,114	$101,982	$618,719	$-32,868
2022	$67,139	$114,059	$599,564	$-46,920
2021	$82,556	$112,396	$570,562	$-29,840
2020	$76,173	$100,010	$565,549	$-23,837
2019	$80,938	$90,403	$577,520	$-9,465
2018	$81,195	$134,649	$588,845	$-53,454

COLEMAN APARTMENTS INC