MARINERS COURT APARTMENTS INC (EIN 383295365) - 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

1996

Legal Domicile

Principal Officer

RICH WARD

Phone

8103854463

Tax Period

2025-01-01 to 2025-12-31

MARINERS COURT APARTMENTS INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $124K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $118K left a modest 5% surplus.

Mission

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNATED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $86,352

Program Service Revenue $20,568

Investment Income $33

Other Revenue $16,754

TOTAL REVENUE $123,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,586

Other Expenses $117,588

TOTAL EXPENSES $117,588

Year-over-Year Comparison

	2025	2024	Change
Revenue	$123,707	$100,583	+0.2%
Expenses	$117,588	$114,468	+0.0%
Net Income	$6,119	$-13,885	-1.4%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
PAMELA WILDFONG	DIRECTOR	Director	$0	$0	$0
RICH WARD	DIRECTOR	Director	$0	$0	$0
TERI KOCH	TREASURER	Officer	$0	$0	$0
ROBERT BUECHLER	SECRETARY	Officer	$0	$0	$0
HARRY OLDENBURG	PRESIDENT	Officer	$0	$0	$0
JUDY WORTHINGTON	VICE PRESIDENT	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	$123,707	$117,588	$429,460	$6,119
2024	$100,583	$114,468	$450,769	$-13,885
2023	$113,389	$154,066	$466,909	$-40,677
2022	$130,446	$140,538	$486,025	$-10,092
2021	$162,175	$185,378	$541,248	$-23,203
2020	$121,850	$118,100	$637,204	$3,750
2019	$99,756	$113,630	$626,425	$-13,874
2018	$93,404	$106,227	$649,745	$-12,823

MARINERS COURT APARTMENTS INC