LL APARTMENTS INC (EIN 421413145) - 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

2001

Legal Domicile

Principal Officer

MARK GRINHAUG

Phone

5635473321

Tax Period

2025-01-01 to 2025-12-31

LL APARTMENTS INC, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $7K in total revenue in fiscal year 2025. Revenue fell 62% from the prior year — a significant decline worth monitoring. Net assets of $664K represent 1112 months of operating reserves.

Mission

OWNING APARTMENT BUILDINGS AND MAKING DONATIONS FROM NET INCOME FOR SCHOLARSHIPS AND COMMUNITY PROJECTS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,360

Other Revenue $5,804

TOTAL REVENUE $7,164

Expense Breakdown

Grants Paid $7,164

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,164

Other Expenses $0

TOTAL EXPENSES $7,164

Year-over-Year Comparison

	2025	2024	Change
Revenue	$7,164	$18,912	-0.6%
Expenses	$7,164	$2,000	+2.6%
Net Income	$0	$16,912	-1.0%

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
WILLIAM SEELE	DIRECTOR	0.50	Director	$0	$0	$0
COURTNEY SHIMEK	TREASURER	0.50	Director	$0	$0	$0
RICHARD HOLTEN	SECRETARY	0.50	Director	$0	$0	$0
AL VOYNA	DIRECTOR	0.50	Director	$0	$0	$0
MARK GRINHAUG	PRESIDENT	0.50	Director	$0	$0	$0
GARY SOVEREIGN	DIRECTOR	0.50	Director	$0	$0	$0
GARY FERRIE	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT VOYNA	DIRECTOR	0.50	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	$7,164	$7,164	$680,919	No data
2024	$18,912	$2,000	$694,739	$16,912
2023	$43,731	$9,500	$692,322	$34,231
2022	$40,518	$2,000	$660,946	$38,518
2021	$41,608	$2,000	$677,716	$39,608
2020	$39,025	$2,000	$661,398	$37,025

LL APARTMENTS INC