Ebenezer Ridge Point Apartments Inc

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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

1994

Legal Domicile

Phone

6128743460

Tax Period

2024-01-01 to 2024-12-31

Ebenezer Ridge Point Apartments Inc, founded in 1994, is a small nonprofit in the Human Services sector that reported $420K in total revenue in fiscal year 2024. Net assets of $1.2M represent 35 months of operating reserves.

Mission

Ebenezer Ridge Point Apartments is part of Ebenezer Society. Ebenezer Society helps older adults and others make their lives more independent, healthful, meaningful and secure. Building on our Lutheran heritage, we respond to physical, psychological, social and spiritual dimensions of the whole person. We welcome persons of diverse cultures and faith traditions. We practice responsible stewardship of humans, property, and financial resources and encourage continual learning and innovation to strive for excellence.

Program Service Accomplishments

Program 1

Expenses: $138,667 Revenue: $403,357

PROVIDED LOW INCOME HOUSING TO THE ELDERLY AND DISABLED THROUGH A HUD SPONSORED PROGRAM. THE FACILITY HAS 42 UNITS.

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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 $403,357

Investment Income $5,984

Other Revenue $10,527

TOTAL REVENUE $419,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,059

Fundraising Expenses $0

Program Expenses $138,667

Other Expenses $318,245

TOTAL EXPENSES $460,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$419,868	$403,078	+0.0%
Expenses	$460,304	$467,799	0.0%
Net Income	$-40,436	$-64,721	-0.4%

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

$6,825,734

Total Directors

$7,111,174

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Hereford	Ex-Officio	2.0	Officer Director	$0	$805,007	$5,659,485
Jonathan Lundberg	President, end 9-2024	2.0	Officer Director	$0	$70,974	$521,790
Scott Wordelman	Chair	0.3	Officer Director	$0	$0	$0
Todd Willett	CFO, Treasurer	2.0	Officer Director	$0	$40,678	$459,090
Carolyn Jacobson	Director	0.3	Director	$0	$0	$0
Gayle Kvenvold	Director, began 5-2024	0.3	Director	$0	$0	$0
Kenneth Ashton-Piper	Director	0.3	Director	$0	$0	$0
Kimberly Faust	Director	2.0	Director	$0	$36,253	$470,809
Margaret Milius	Director, began 5-2024	0.3	Director	$0	$0	$0
Mark Landreville	Secretary, began 2-2024	0.3	Director	$0	$0	$0
Robb Gruman	Director, ended 8-2024	0.3	Director	$0	$0	$0
Robert Walker	Director	0.3	Director	$0	$0	$0
Susan Carlson-Weinberg	Vice Chair	0.3	Director	$0	$0	$0
Thomas Hokr	Secretary, ended 5-2024	0.3	Director	$0	$0	$0
Brett Anderson	President	2.0	Officer	$0	$5,645	$185,369

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	$419,868	$460,304	$1,361,702	$-40,436
2023	$403,078	$467,799	$1,418,998	$-64,721
2022	$379,119	$454,562	$1,452,096	$-75,443
2021	$358,526	$431,553	$1,656,931	$-73,027
2020	$351,852	$460,154	$1,780,163	$-108,302
2019	$340,517	$446,269	$1,861,790	$-105,752
2018	$332,463	$425,593	$1,930,630	$-93,130