THE APARTMENTS OF RIVER TRACE INC (EIN 421514593) - 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

2000

Legal Domicile

Principal Officer

TERRANCE N VORBRICH

Phone

5152884398

Tax Period

2024-01-01 to 2024-12-31

THE APARTMENTS OF RIVER TRACE INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $285K in total revenue in fiscal year 2024. Expenses of $368K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE CORPORATION HAS ONE APARTMENT BUILDING IN WHICH IT LEASES INDIVIDUAL APARTMENTS TO PERSONS WHO ARE CONSIDERED TO BE LOW-INCOME AND ELDERLY PER U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PROGRAM REQUIREMENTS.

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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 $129,774

Program Service Revenue $151,021

Investment Income $191

Other Revenue $4,457

TOTAL REVENUE $285,443

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,156

Fundraising Expenses $0

Program Expenses $246,950

Other Expenses $267,677

TOTAL EXPENSES $367,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,443	$269,731	+0.1%
Expenses	$367,833	$332,443	+0.1%
Net Income	$-82,390	$-62,712	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY VORBRICH	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY NEIDERBACH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL TRAMONTINA	SECRETARY	1.00	Officer Director	$0	$0	$0
VINCE LINTZ	TREASURER	1.00	Officer Director	$0	$0	$0
CAROL BOWER	MEMBER	1.00	Director	$0	$0	$0
BREANN BYE	MEMBER	1.00	Director	$0	$0	$0
H RONALD WALKER	MEMBER	1.00	Director	$0	$0	$0
SHAWN HUCKLEBY	MEMBER	1.00	Director	$0	$0	$0
MICKEY CARLSON	MEMBER	1.00	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
2024	$285,443	$367,833	$1,419,728	$-82,390
2023	$269,731	$332,443	$1,514,719	$-62,712
2022	$265,393	$310,603	$1,564,742	$-45,210
2021	$290,396	$334,397	$1,626,713	$-44,001
2020	$258,314	$311,840	$1,665,555	$-53,526
2019	$234,686	$305,417	$1,721,501	$-70,731
2018	$236,154	$283,310	$1,795,813	$-47,156

THE APARTMENTS OF RIVER TRACE INC