BLAIR APARTMENTS INC (EIN 391180967) - 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

1971

Legal Domicile

Principal Officer

ALAN ROBERTSON

Phone

6087841381

Tax Period

2024-01-01 to 2024-12-31

BLAIR APARTMENTS INC, founded in 1971, is a small nonprofit in the Housing & Shelter sector that reported $291K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $280K left a modest 4% surplus.

Mission

DETERMINED BY UNITED STATES DEPARTMENT OF AGRICULTURE, RURAL DEVELOPMENT, AND THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REGULATIONS, WITHOUT REGARD TO RACE, COLOR, CREED OR NATIONAL ORIGIN; TO ACQUIRE, IMPROVE AND OPERATE ANY REAL OR PERSONAL PROPERTY OR INTEREST OR RIGHTS THERETO. BLAIR APARTMENTS, INC. OWNS AND MANAGES SIX BUILDINGS CONTAINING 48 RENTAL UNITS WHICH PROVIDE LOW INCOME HOUSING TO RESIDENTS OF TREMPEALEAU COUNTY, WISCONSIN.

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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 $290,465

Investment Income $154

Other Revenue $0

TOTAL REVENUE $290,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,756

Fundraising Expenses $0

Program Expenses $247,706

Other Expenses $264,440

TOTAL EXPENSES $280,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,619	$307,234	-0.1%
Expenses	$280,196	$270,448	+0.0%
Net Income	$10,423	$36,786	-0.7%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT HANSON	PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVID MATTISON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
DENNIS STEPHENSON	SECRETARY	0.50	Officer Director	$0	$0	$0
LARRY RUFF	TREASURER	0.50	Officer Director	$0	$0	$0
PEGGY HERTZFELDT	MEMBER	0.50	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	$290,619	$280,196	$302,949	$10,423
2023	$307,234	$270,448	$324,077	$36,786
2022	$240,790	$256,651	$339,460	$-15,861
2021	$249,067	$265,262	$378,785	$-16,195
2020	$243,973	$251,524	$411,542	$-7,551
2019	$236,336	$254,086	$450,125	$-17,750
2018	$242,246	$235,538	$466,474	$6,708

BLAIR APARTMENTS INC