MILLENNIUM-JANESVILLE II INC (EIN 392043528) - 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

2001

Legal Domicile

Principal Officer

BRYCE SPANGLER

Phone

8153973755

Tax Period

2024-10-01 to 2025-09-30

MILLENNIUM-JANESVILLE II INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $123K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $179K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO OWN AND OPERATE GREEN FOREST RUN II APARTMENTS LOCATED IN JANESVILLE, WI FOR LOW-INCOME ELDERLY PERSONS.

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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 $37,335

Program Service Revenue $76,006

Investment Income $32

Other Revenue $10,110

TOTAL REVENUE $123,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,901

Other Expenses $179,174

TOTAL EXPENSES $179,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,483	$98,966	+0.2%
Expenses	$179,174	$149,661	+0.2%
Net Income	$-55,691	$-50,695	+0.1%

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
JACK AHRENS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS VAN VLEET	DIRECTOR/VP/SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN CONSTANTINE	DIRECTOR	1.00	Director	$0	$0	$0
PERRY G HARENDA	PRESIDENT/TREASURER	2.00	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	$123,483	$179,174	$925,464	$-55,691
2024	$98,966	$149,661	$959,122	$-50,695
2023	$112,035	$133,483	$996,026	$-21,448
2022	$110,432	$135,190	$1,020,904	$-24,758
2021	$110,685	$128,676	$1,036,737	$-17,991
2020	$104,601	$136,360	$1,056,562	$-31,759
2019	$97,213	$140,269	$1,096,290	$-43,056
2018	$105,796	$126,684	$1,141,245	$-20,888

MILLENNIUM-JANESVILLE II INC