ALVERNA APARTMENTS (EIN 411351177) - 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

1981

Legal Domicile

Principal Officer

STEVEN SMITH

Phone

3206321219

Tax Period

2023-07-01 to 2024-06-30

ALVERNA APARTMENTS, founded in 1981, is a small nonprofit that reported $664K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 26% operating margin.

Mission

THE ORGANIZATION'S VISION IS TO CREATE THE BEST POSSIBLE RESIDENTIAL EXPERIENCE BY IGNITING THE SPIRIT FOR SUPERIOR CARE AND SERVICE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $624,691

Investment Income $6,757

Other Revenue $32,133

TOTAL REVENUE $663,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $358,244

Other Expenses $492,409

TOTAL EXPENSES $492,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$663,581	$519,914	+0.3%
Expenses	$492,409	$482,584	+0.0%
Net Income	$171,172	$37,330	+3.6%

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

$1,263,291

Total Directors

$1,173,906

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JONES	BOARD MEMBER/MARKET PRESIDENT REGIONAL HOSPITAL	1.00	Director	$0	$53,617	$514,309
STEVEN SMITH	PRESIDENT	1.00	Officer Director	$0	$57,477	$445,554
TIM SCHNACK	MARKET CFO	1.00	Officer	$0	$48,053	$417,768
NICK O'TOOL	MARKET CFO (PARTIAL YEAR)	1.00	Officer	$0	$50,949	$399,969
AMBER STOWMAN	FORMER OFFICER	1.00		$0	$44,587	$265,888
PETER GERMSCHEID MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$23,246	$214,043
CHRISTINE GAMMON-KRUSCHEK	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG DAHLBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JON VETTER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KRISTINE ERICKSON	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ROXANNE THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE STOLTZ	BOARD MEMBER/SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN HACKER	BOARD MEMBER	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	No data	No data	No data	No data
2024	$663,581	$492,409	$1,134,913	$171,172
2023	$519,914	$482,584	$1,037,186	$37,330
2022	$604,676	$468,122	$1,176,563	$136,554
2022	$604,676	$468,122	$1,176,563	$136,554
2021	$619,448	$416,193	$1,168,298	$203,255
2020	$601,367	$427,829	$1,153,565	$173,538
2019	$586,291	$428,947	$1,156,460	$157,344
2018	$580,849	$422,967	$1,131,564	$157,882

ALVERNA APARTMENTS