ALBERT CITY APARTMENTS INC (EIN 420960055) - 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

Phone

7128432255

Tax Period

2024-01-01 to 2024-12-31

ALBERT CITY APARTMENTS INC, founded in 1970, is a micro nonprofit that reported $93K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $124K exceeded revenue, resulting in a 33% operating deficit.

Mission

PROVIDE LOW INCOME RENTAL HOUSING

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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 $92,993

Investment Income $0

Other Revenue $0

TOTAL REVENUE $92,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,125

Other Expenses $124,125

TOTAL EXPENSES $124,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,993	$83,081	+0.1%
Expenses	$124,125	$88,437	+0.4%
Net Income	$-31,132	$-5,356	+4.8%

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
RANDALL BOBOLZ	PRESIDENT	0.25	Director	$0	$0	$0
LYNETTE HANSON	SECRETARY	0.25	Director	$0	$0	$0
ELLE HILLMER	DIRECTOR	0.25	Director	$0	$0	$0
CARL ELWOOD WENELL	DIRECTOR	0.25	Director	$0	$0	$0
ANNA MARIE OLSON	DIRECTOR	0.25	Director	$0	$0	$0
CAROL HEUTON	DIRECTOR	0.25	Director	$0	$0	$0
DIANE SORBE	DIRECTOR	0.25	Director	$0	$0	$0
BRIAN JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
GENE LINDGREN	BOOKKEEPER	1.00	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
2024	$92,993	$124,125	$87,671	$-31,132
2023	$83,081	$88,437	$98,141	$-5,356
2022	$80,560	$69,255	$97,545	$11,305
2021	$92,334	$81,668	$94,668	$10,666
2020	$89,016	$70,143	$93,978	$18,873

ALBERT CITY APARTMENTS INC