BEN-NOR APARTMENTS INC (EIN 431106036) - 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

1977

Principal Officer

E EILEEN WRIGHT

Phone

5737562052

Tax Period

2024-07-01 to 2025-06-30

BEN-NOR APARTMENTS INC, founded in 1977, is a small nonprofit that reported $503K in total revenue in fiscal year 2024. Expenses of $567K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW INCOME SENIOR OR HANDICAPPED/DISABLED INDIVIDUALS.

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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 $32

Program Service Revenue $477,774

Investment Income $17,424

Other Revenue $8,231

TOTAL REVENUE $503,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,310

Fundraising Expenses $0

Program Expenses $462,194

Other Expenses $380,213

TOTAL EXPENSES $566,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$503,461	$493,049	+0.0%
Expenses	$566,523	$525,696	+0.1%
Net Income	$-63,062	$-32,647	+0.9%

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

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

$84,751

Total Directors

$84,751

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E EILEEN WRIGHT	MANAGER	40.00	Officer Director	$45,960	$0	$45,960
JOHN PIPKIN	TREASURER	40.00	Officer Director	$38,791	$0	$38,791
SUSAN FAENGER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
VELMA HARPER	SECRETARY	1.00	Officer Director	$0	$0	$0
JOE PRITCHETT	PRESIDENT	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	$503,461	$566,523	$1,425,015	$-63,062
2024	$493,049	$525,696	$1,519,229	$-32,647
2023	$485,187	$525,650	$1,576,841	$-40,463
2022	$466,665	$506,210	$1,642,137	$-39,545
2021	$476,878	$482,165	$1,703,322	$-5,287
2020	$478,265	$461,161	$1,734,096	$17,104
2019	$450,601	$469,031	$1,746,913	$-18,430

BEN-NOR APARTMENTS INC