AUSABLE VALLEY APARTMENTS INC (EIN 382261258) - 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

1979

Legal Domicile

Principal Officer

TIMOTHY KALBFLEISCH

Phone

9898608080

Tax Period

2024-07-01 to 2025-06-30

AUSABLE VALLEY APARTMENTS INC, founded in 1979, is a small nonprofit in the Housing & Shelter sector that reported $686K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $264K, a strong 39% operating margin.

Mission

RENTAL OF HUD SUBSIDIZED APARTMENT BUILDING

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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 $685,550

Investment Income $473

Other Revenue $0

TOTAL REVENUE $686,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,409

Fundraising Expenses $0

Program Expenses $220,076

Other Expenses $363,127

TOTAL EXPENSES $421,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$686,023	$528,940	+0.3%
Expenses	$421,536	$467,883	-0.1%
Net Income	$264,487	$61,057	+3.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN STORCK	DIRECTOR	0.25	Director	$0	$0	$0
AMY BENKO	DIRECTOR	0.25	Director	$0	$0	$0
PAUL NYQUIST	DIRECTOR (ENDED 4/30/25)	0.25	Director	$0	$0	$0
CARL SCHOENOW	DIRECTOR	0.25	Director	$0	$0	$0
INGRID DRAPER	DIRECTOR	0.25	Director	$0	$0	$0
TOM FOCKLER	DIRECTOR	0.25	Director	$0	$0	$0
AL NUECHTERLEIN	DIRECTOR (ENDED 4/30/25)	0.25	Director	$0	$0	$0
MAUREEN TIPPEN	DIRECTOR (ENDED 4/30/25)	0.25	Director	$0	$0	$0
DIANA ASHLEY	DIRECTOR	0.25	Director	$0	$0	$0
REBECCA SCHNEIDER	DIRECTOR	0.25	Director	$0	$0	$0
SHIRLEY STURKIN	DIRECTOR	0.25	Director	$0	$0	$0
MATT RESCH	CHAIR (ENDED 4/30/25)/PAST CHAIR	0.25	Officer Director	$0	$0	$0
ANDREA LOGAN	SECRETARY	0.25	Officer Director	$0	$0	$0
RITCH CUSHWAY	TREASURER	0.25	Officer Director	$0	$0	$0
PETE BENDER	CHAIR	0.25	Officer Director	$0	$0	$0
DAVID GEHM	PRESIDENT/CEO	0.25	Officer Director	$0	$0	$0
TIMOTHY KALBFLEISCH	SVP/CFO	0.25	Officer	$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	$686,023	$421,536	$1,424,452	$264,487
2024	$528,940	$467,883	$1,396,983	$61,057
2023	$467,915	$446,447	$1,389,426	$21,468
2022	$441,961	$436,691	$1,368,379	$5,270
2021	$446,688	$464,747	$1,363,518	$-18,059
2020	$424,826	$539,385	$1,374,804	$-114,559
2019	$433,061	$429,858	$1,385,122	$3,203

AUSABLE VALLEY APARTMENTS INC