COUNCIL TOWER ASSOCIATION

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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

1996

Legal Domicile

Principal Officer

BRIAN L BRUCE

Phone

3142697810

Tax Period

2020-07-01 to 2021-06-30

COUNCIL TOWER ASSOCIATION, founded in 1996, is a micro nonprofit that reported $278 in total revenue in fiscal year 2020. Net assets of $6K represent 268 months of operating reserves.

Mission

TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVES.

Program Service Accomplishments

Program 1

Expenses: $300 Revenue: $278

COUNCIL TOWER ASSOCIATION PROVIDES 225 APARTMENT UNITS FOR LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED SUBJECT TO SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, THROUGH THE INVESTMENT IN THE...

COUNCIL TOWER ASSOCIATION PROVIDES 225 APARTMENT UNITS FOR LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED SUBJECT TO SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, THROUGH THE INVESTMENT IN THE PARTNERSHIP OF COUNCIL PARTNERS, LLC (26-3113827)

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $278

Investment Income $0

Other Revenue $0

TOTAL REVENUE $278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $300

Other Expenses $300

TOTAL EXPENSES $300

Year-over-Year Comparison

	2020	2019	Change
Revenue	$278	$280	0.0%
Expenses	$300	$303	0.0%
Net Income	$-22	$-23	0.0%

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

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
BRIAN L BRUCE	President	0.25	Officer Director	$0	$0	$0
JOHN PERKINS	Vice President	0.10	Officer Director	$0	$0	$0
GARRETT M LOTT	Secretary	0.10	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
2021	$278	$300	$6,216	$-22
2020	$280	$303	$6,238	$-23