OTSEGO SENIOR APARTMENTS INC (EIN 382530577) - 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

1984

Legal Domicile

Principal Officer

TONI NEWELL

Phone

2696949711

Tax Period

2023-01-01 to 2023-12-31

OTSEGO SENIOR APARTMENTS INC, founded in 1984, is a small nonprofit that reported $592K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $117K, a strong 20% operating margin.

Mission

TO PROVIDE SAFE AND AFFORDABLE SENIOR CITIZEN AND MOBILITY IMPAIRED ADULT HOUSING.

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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 $344,673

Program Service Revenue $194,209

Investment Income $882

Other Revenue $52,280

TOTAL REVENUE $592,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,713

Fundraising Expenses $0

Program Expenses $317,681

Other Expenses $309,203

TOTAL EXPENSES $474,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$592,044	$528,989	+0.1%
Expenses	$474,916	$479,059	0.0%
Net Income	$117,128	$49,930	+1.3%

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
TONI NEWELL	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
DANIEL WILSON	BOARD PRESID	1.00	Officer Director	$0	$0	$0
STEVE HOLTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMUEL T FIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE WALSH	BOARD MEMBER	1.00	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	$592,044	$474,916	$1,366,756	$117,128
2022	$528,989	$479,059	$1,397,632	$49,930
2021	$519,780	$412,971	$1,378,814	$106,809
2020	$636,216	$431,547	$1,338,256	$204,669
2019	$514,974	$433,984	$1,179,638	$80,990
2018	$437,572	$440,867	$1,153,131	$-3,295

OTSEGO SENIOR APARTMENTS INC