Alpha Properties Inc (EIN 351432669) - 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

1978

Legal Domicile

Principal Officer

Erin Thomas

Phone

8124326272

Tax Period

2023-10-01 to 2024-09-30

Alpha Properties Inc, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $322K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

Housing for the elderly and disabled.

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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 $170,020

Program Service Revenue $151,083

Investment Income $177

Other Revenue $909

TOTAL REVENUE $322,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,542

Fundraising Expenses $0

Program Expenses $292,166

Other Expenses $249,193

TOTAL EXPENSES $340,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,189	$516,515	-0.4%
Expenses	$340,735	$554,104	-0.4%
Net Income	$-18,546	$-37,589	-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

$91,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Rump	Vice-Chairman	5.00	Officer Director	$0	$0	$0
Ron Richard	Chairman	5.00	Officer Director	$0	$0	$0
Doug Garner	Secretary	5.00	Officer Director	$0	$0	$0
Frieda Rickerson- Exit 724	Treasurer	5.00	Officer Director	$0	$0	$0
Casey Robinson	Treasurer	5.00	Officer Director	$0	$0	$0
Erin Thomas	Executive Director	1.00	Officer	$0	$1,800	$91,928

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	$322,189	$340,735	$741,359	$-18,546
2023	$516,515	$554,104	$679,304	$-37,589
2022	$454,369	$315,519	$709,512	$138,850
2021	$298,356	$421,087	$767,455	$-122,731
2020	$299,976	$300,062	$776,569	$-86
2019	$292,867	$324,979	$791,802	$-32,112
2018	$275,884	$279,556	$828,088	$-3,672

Alpha Properties Inc