KATHARINE MANOR CONDOMINIUM ASSOCIATION (EIN 363548213) - 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

1987

Legal Domicile

Principal Officer

PAUL KORETKE

Phone

6303570077

Tax Period

2022-07-01 to 2023-06-30

KATHARINE MANOR CONDOMINIUM ASSOCIATION, founded in 1987, is a small nonprofit that reported $133K in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. Expenses of $158K exceeded revenue, resulting in a 19% operating deficit.

Mission

A BARRIER FREE 32 UNIT MULTI-PURPOSE FAMILY HOUSING COMPLEX DESIGNED FOR THE SPECIAL NEEDS OF PERSONS WITH PHYSICAL DISABILITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $131,866

Investment Income $0

Other Revenue $985

TOTAL REVENUE $132,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,858

Other Expenses $158,012

TOTAL EXPENSES $158,012

Year-over-Year Comparison

	2022	2021	Change
Revenue	$132,851	$140,528	-0.1%
Expenses	$158,012	$153,396	+0.0%
Net Income	$-25,161	$-12,868	+1.0%

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

$72,100

Total Directors

$72,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL KORETKE	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHARON SEMMER	SECRETARY	2.00	Officer Director	$0	$0	$0
CARRIE PINTER	TREASURER	2.00	Officer Director	$0	$0	$0
ANITA DIERKS	EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$0	$72,100

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
2023	$132,851	$158,012	$136,065	$-25,161
2022	$140,528	$153,396	$143,893	$-12,868
2021	$163,731	$191,762	$133,486	$-28,031
2020	$136,874	$150,226	$108,202	$-13,352
2019	$204,664	$156,336	$121,869	$48,328

KATHARINE MANOR CONDOMINIUM ASSOCIATION