ADVANCE SENIOR CITIZENS APARTMENTS INC (EIN 431281792) - 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

1980

Legal Domicile

Phone

5737223620

Tax Period

2024-01-01 to 2024-12-31

ADVANCE SENIOR CITIZENS APARTMENTS INC, founded in 1980, is a small nonprofit that reported $381K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $92K, a strong 24% operating margin.

Mission

THE PURPOSE OF ADVANCE SENIOR CITIZENS APARTMENTS, INC. IS TO ACQUIRE, CONSTRUCT, PROVIDE, AND OPERATE RENTAL HOUSING SUITED TO MEET THE NEEDS OF DISABLED AND ELDERLY RESIDENTS OF LOW TO MODERATE INCOMES.

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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 $366,851

Investment Income $14,068

Other Revenue $0

TOTAL REVENUE $380,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,697

Fundraising Expenses $0

Program Expenses $251,616

Other Expenses $216,206

TOTAL EXPENSES $288,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,919	$345,669	+0.1%
Expenses	$288,903	$277,707	+0.0%
Net Income	$92,016	$67,962	+0.4%

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

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
BEVERLY HURT	DIRECTOR	5.00	Director	$0	$0	$0
BETTY SPANE	DIRECTOR	5.00	Director	$0	$0	$0
KRISTI ROBINS	DIRECTOR	5.00	Director	$0	$0	$0
BILL WARD	DIRECTOR	5.00	Director	$0	$0	$0
DAVID HARRIS	PRESIDENT	10.00	Officer	$0	$0	$0
BILLIE HIETT	VICE PRESIDENT	5.00	Officer	$0	$0	$0
BONNIE UMFLEET	SECRETARYTREASURER	5.00	Officer	$0	$0	$0
TERESA VANGILDER	SECRETARY	20.00	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	$380,919	$288,903	$852,940	$92,016
2023	$345,669	$277,707	$783,054	$67,962
2022	$236,725	$400,168	$698,721	$-163,443
2021	$544,678	$213,411	$896,128	$331,267
2020	$263,223	$236,291	$589,833	$26,932
2019	$308,435	$296,232	$594,954	$12,203
2018	$297,913	$272,606	$571,632	$25,307

ADVANCE SENIOR CITIZENS APARTMENTS INC