AUGUSTANA APARTMENTS INC (EIN 410986508) - 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

1970

Legal Domicile

Principal Officer

BEN UNDERWOOD

Phone

2187399506

Tax Period

2024-10-01 to 2025-09-30

AUGUSTANA APARTMENTS INC, founded in 1970, is a small nonprofit in the Housing & Shelter sector that reported $419K in total revenue in fiscal year 2024. The organization ran a surplus of $84K, a strong 20% operating margin.

Mission

FURNISHING SUBSIDIZED HOUSING TO LOW INCOME, DISABLED, AND 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 $0

Program Service Revenue $416,092

Investment Income $3,051

Other Revenue $0

TOTAL REVENUE $419,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $334,730

Other Expenses $334,730

TOTAL EXPENSES $334,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,143	$402,763	+0.0%
Expenses	$334,730	$346,478	0.0%
Net Income	$84,413	$56,285	+0.5%

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
BEN UNDERWOOD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JUDY HEINEN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DARREN JOHNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CORNEL WALKER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN GABRIELSON	DIRECTOR	1.00	Director	$0	$0	$0
DARLA NEVILLE	DIRECTOR	1.00	Director	$0	$0	$0
AMY KELLY	DIRECTOR	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
2025	$419,143	$334,730	$632,979	$84,413
2024	$402,763	$346,478	$542,885	$56,285
2023	$328,135	$313,408	$488,702	$14,727
2022	$304,191	$284,199	$471,380	$19,992
2020	$281,524	$266,383	$448,680	$15,141
2019	$278,194	$258,092	$431,436	$20,102

AUGUSTANA APARTMENTS INC