EAST ELM APARTMENTS INC (EIN 371102706) - 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

1980

Legal Domicile

Principal Officer

PENNY FRAME

Phone

3096475324

Tax Period

2024-07-01 to 2025-06-30

EAST ELM APARTMENTS INC, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $204K in total revenue in fiscal year 2024. Expenses of $233K exceeded revenue, resulting in a 14% operating deficit.

Mission

LOW INCOME RENTAL UNITS FOR ELDERLY AND 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 $0

Program Service Revenue $203,891

Investment Income $514

Other Revenue $0

TOTAL REVENUE $204,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,340

Fundraising Expenses $0

Program Expenses $218,960

Other Expenses $208,147

TOTAL EXPENSES $233,487

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,405	$214,384	0.0%
Expenses	$233,487	$204,585	+0.1%
Net Income	$-29,082	$9,799	-4.0%

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

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
PENNY FRAME	PRESIDENT	1.00	Officer Director	$0	$0	$0
RHONDA VOGEL	MEMBER	5.00	Director	$0	$0	$0
ROBERT MATUSIK	MEMBER	0.25	Director	$0	$0	$0
CHUCK KEETS	TREASURER	0.25	Officer Director	$0	$0	$0
TERRY FRAME	SECRETARY	0.25	Officer Director	$0	$0	$0
BECKY WILCOXEN	MEMBER	0.25	Director	$0	$0	$0
GAIL COPPLE	DIRECTOR	0.25	Director	$0	$0	$0
EUGENIA WARDEN	DIRECTOR	0.25	Director	$0	$0	$0
LINDA DILTS	DIRECTOR	0.25	Director	$0	$0	$0
SUSAN PEREZ	MEMBER	0.25	Director	$0	$0	$0
JOYCE NEBERGALL	DIRECTOR	0.25	Director	$0	$0	$0
MATT VOGEL	MEMBER	0.25	Director	$0	$0	$0
DENNIS KNOUS	MEMBER	0.25	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	$204,405	$233,487	$491,950	$-29,082
2024	$214,384	$204,585	$550,376	$9,799
2023	$209,779	$211,086	$568,189	$-1,307
2022	$216,786	$259,711	$597,401	$-42,925
2021	$201,510	$186,233	$670,350	$15,277
2020	$199,456	$177,834	$682,307	$21,622
2019	$184,948	$205,294	$686,387	$-20,346

EAST ELM APARTMENTS INC