BELMOND COMMUNITY APARTMENTS INC (EIN 421022159) - 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

1975

Legal Domicile

Principal Officer

MARK ALLEN

Phone

6414443066

Tax Period

2024-07-01 to 2025-06-30

BELMOND COMMUNITY APARTMENTS INC, founded in 1975, is a small nonprofit that reported $744K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $2.4M represent 38 months of operating reserves.

Mission

TO PROVIDE APARTMENTS TO ELDERLY FAMILES IN BELMOND, IA

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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 $740,278

Investment Income $3,615

Other Revenue $0

TOTAL REVENUE $743,893

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,270

Fundraising Expenses $0

Program Expenses $732,323

Other Expenses $565,053

TOTAL EXPENSES $732,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$743,893	$675,555	+0.1%
Expenses	$732,323	$707,785	+0.0%
Net Income	$11,570	$-32,230	-1.4%

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

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
MARK ALLEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE BERNEMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
WANDA BASENER	TREASURER	1.00	Officer Director	$0	$0	$0
KIM AUSBORN	SECRETARY	1.00	Officer 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	$743,893	$732,323	$2,477,350	$11,570
2024	$675,555	$707,785	$2,495,416	$-32,230
2023	$638,898	$651,333	$2,569,827	$-12,435
2022	$539,869	$594,581	$2,564,794	$-54,712
2021	$547,147	$551,802	$2,564,567	$-4,655
2020	$575,089	$613,613	$2,576,758	$-38,524
2019	$574,559	$605,458	$2,608,997	$-30,899

BELMOND COMMUNITY APARTMENTS INC