SUNSET POINT APARTMENTS INC (EIN 454082301) - 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

2011

Legal Domicile

Principal Officer

KEVIN MARRONE

Phone

7278214819

Tax Period

2022-07-01 to 2023-06-30

SUNSET POINT APARTMENTS INC, founded in 2011, is a small nonprofit in the Crime & Legal sector that reported $100K in total revenue in fiscal year 2022. Expenses of $168K exceeded revenue, resulting in a 67% operating deficit.

Mission

TO PROVIDE HOUSING TO INDIVIDUALS WITH CHRONIC MENTAL ILLNESS WHO ARE CLIENTS OF BOLEY CENTERS, INC., A RELATED 501(C)(3) ORGANIZATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $59,153

Program Service Revenue $40,613

Investment Income $130

Other Revenue $584

TOTAL REVENUE $100,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,039

Fundraising Expenses $0

Program Expenses $133,895

Other Expenses $157,061

TOTAL EXPENSES $168,100

Year-over-Year Comparison

	2022	2021	Change
Revenue	$100,480	$94,214	+0.1%
Expenses	$168,100	$140,170	+0.2%
Net Income	$-67,620	$-45,956	+0.5%

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

$151,367

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL MISIEWICZ	PRESIDENT	0.50	Officer Director	$0	$0	$0
RUTLAND BUSSEY	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
SUSAN PROCTOR	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
JACK HUMBURG	ASSISTANT SE	0.50	Officer Director	$0	$0	$0
MARTIN T LOTT	DIRECTOR	0.50	Director	$0	$0	$0
MARKUS MITTERMAYR	DIRECTOR	0.50	Director	$0	$0	$0
MARKUS HUGHES	DIRECTOR	0.50	Director	$0	$0	$0
ANTONIO HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH STRINGER	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN MARRONE	CEO	1.00	Officer	$0	$0	$151,367

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$100,480	$168,100	$1,905,839	$-67,620
2022	$94,214	$140,170	$1,947,153	$-45,956
2021	$91,001	$144,964	$1,958,573	$-53,963
2020	$92,391	$136,298	$1,997,078	$-43,907
2019	$88,833	$141,131	$2,080,802	$-52,298

SUNSET POINT APARTMENTS INC