MT ZION APARTMENTS INC (EIN 351379972) - 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

1971

Legal Domicile

Principal Officer

WILLIS OLDHAM

Phone

3179211950

Tax Period

2023-01-01 to 2023-12-31

MT ZION APARTMENTS INC, founded in 1971, is a small nonprofit that reported $624K in total revenue in fiscal year 2023. Expenses of $574K left a modest 8% surplus.

Mission

TO PROVIDE HOUSING FOR THE ELDERLY & 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $608,456

Investment Income $13,231

Other Revenue $1,886

TOTAL REVENUE $623,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,976

Fundraising Expenses $0

Program Expenses $507,886

Other Expenses $352,273

TOTAL EXPENSES $574,249

Year-over-Year Comparison

	2023	2022	Change
Revenue	$623,573	$603,221	+0.0%
Expenses	$574,249	$697,906	-0.2%
Net Income	$49,324	$-94,685	-1.5%

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

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
PHILLIP CONNER	BOARD MEMBER	2.00	Director	$0	$0	$0
SHEILA COOPER	BOARD MEMBER	2.00	Director	$0	$0	$0
ANTHONY DEFORREST	BOARD MEMBER	2.00	Director	$0	$0	$0
DORRIS DOGGETT	BOARD MEMBER	2.00	Director	$0	$0	$0
WILMA GOLD-JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
MALCOLM ORTON	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIS OLDHAM	PRESIDENT	2.00	Officer Director	$0	$0	$0
IVAN BAIRD	SECRETARY	2.00	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
2024	No data	No data	No data	No data
2023	$623,573	$574,249	$845,171	$49,324
2022	$603,221	$697,906	$798,569	$-94,685
2021	$582,666	$452,017	$878,192	$130,649
2020	$569,965	$423,660	$749,485	$146,305
2019	$532,915	$504,417	$598,103	$28,498
2018	$508,198	$581,810	$576,553	$-73,612

MT ZION APARTMENTS INC