SHEPHERD OAKS WEST APARTMENTS INC (EIN 411870826) - 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

MICHAEL STORDAHL

Phone

3202526525

Tax Period

2023-01-01 to 2023-12-31

SHEPHERD OAKS WEST APARTMENTS INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $333K in total revenue in fiscal year 2023. Expenses of $446K exceeded revenue, resulting in a 34% operating deficit.

Mission

OWN AND OPERATE LOW INCOME APARTMENT BUILDING TO PROVIDE A HOME TO THE OLDER AND HANDICAPPED ADULTS.

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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 $321,380

Investment Income $3,635

Other Revenue $7,609

TOTAL REVENUE $332,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,013

Fundraising Expenses $0

Program Expenses $287,923

Other Expenses $307,114

TOTAL EXPENSES $446,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,624	$343,569	0.0%
Expenses	$446,127	$432,797	+0.0%
Net Income	$-113,503	$-89,228	+0.3%

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

$295,395

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA MAHNKE	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
JOYCE HAWKINSON	SECRETARY/TRESURER	0.50	Officer Director	$0	$0	$0
LOIS PERLEBERG	VICE CHAIR	0.50	Officer Director	$0	$0	$0
CHERYL SCAPANSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
TERRY KURASH	BOARD MEMBER	0.50	Director	$0	$0	$0
DENNIS BACON	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL STORDAHL	PRESIDENT/CEO/ADMINISTRATON	1.00	Officer	$0	$24,601	$196,665
MORGAN KERN	VP OF FINANCE/CFO (TERM DEC. 2023)	3.00	Officer	$0	$0	$98,730
KRISTA MARTINI	FINANCIAL MANAGER	0.50	Highest	$0	$20,558	$146,609
RHONDA POHL	VP OF HUMAN RESOURCES	1.00	Highest	$0	$14,714	$123,613

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	No data	No data	No data	No data
2023	$332,624	$446,127	$1,637,818	$-113,503
2022	$343,569	$432,797	$1,759,674	$-89,228
2021	$335,112	$405,313	$1,821,904	$-70,201
2020	$330,945	$410,254	$1,889,133	$-79,309
2019	$327,636	$381,122	$1,965,008	$-53,486
2018	$357,608	$389,397	$2,026,840	$-31,789

SHEPHERD OAKS WEST APARTMENTS INC