APPLE RIVER INC (EIN 391809152) - 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

1997

Legal Domicile

Principal Officer

Alan Rock

Phone

7153946617

Tax Period

2024-04-01 to 2025-03-31

APPLE RIVER INC, founded in 1997, is a micro nonprofit that reported $58K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $193K represent 40 months of operating reserves.

Mission

Subsidized housing for low income persons with chronic mental illness.

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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 $28,442

Program Service Revenue $29,465

Investment Income $145

Other Revenue $0

TOTAL REVENUE $58,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,909

Fundraising Expenses $0

Program Expenses $46,900

Other Expenses $42,188

TOTAL EXPENSES $59,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,052	$53,549	+0.1%
Expenses	$59,097	$66,910	-0.1%
Net Income	$-1,045	$-13,361	-0.9%

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
Michael Welch	President	1	Officer Director	$0	$0	$0
Dale Johnson	Vice President	1	Officer Director	$0	$0	$0
Sue Blank	Secretary/Treasurer	1	Officer Director	$0	$0	$0
Tracy Allen	Board Director	1	Director	$0	$0	$0
Jeffrey Urbaniak	Board Director	1	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	$58,052	$59,097	$224,956	$-1,045
2024	$53,549	$66,910	$234,383	$-13,361
2023	$48,676	$55,627	$243,524	$-6,951
2022	$67,550	$79,133	$249,720	$-11,583
2021	$46,438	$54,179	$248,566	$-7,741
2020	$52,086	$64,892	$256,620	$-12,806
2019	$55,210	$56,304	$269,025	$-1,094

APPLE RIVER INC