VALOR APARTMENT ASSOCIATES (EIN 454624834) - 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

2012

Legal Domicile

Principal Officer

MIKE DE LUCA

Phone

2069012000

Tax Period

2023-01-01 to 2023-12-31

VALOR APARTMENT ASSOCIATES, founded in 2012, is a small nonprofit in the Human Services sector that reported $202K in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $317K exceeded revenue, resulting in a 57% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING TO ELIGIBLE LOW-INCOME 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 (2023)

Revenue Breakdown

Contributions & Grants $100,772

Program Service Revenue $100,884

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $301,901

Other Expenses $316,809

TOTAL EXPENSES $316,809

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,656	$100,885	+1.0%
Expenses	$316,809	$279,524	+0.1%
Net Income	$-115,153	$-178,639	-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

N/A

Volunteers

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

$541,023

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BOLGER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ROGER DOWDY	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
EDDIE PASATIEMPO	BOARD VICE CHAIR (THRU 9/23)	1.00	Officer Director	$0	$0	$0
MEG TAYLOR	BOARD TREASURER (THRU 1/23)	1.00	Officer Director	$0	$0	$0
JEFF WILCOX	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
KATRINA EGNER	PRESIDENT AND CEO	1.00	Officer	$0	$24,457	$333,030
MIKE DE LUCA	VICE PRESIDENT AND CFO	1.00	Officer	$0	$6,058	$207,993

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	$201,656	$316,809	$4,707,270	$-115,153
2022	$100,885	$279,524	$4,798,299	$-178,639
2021	$100,942	$324,833	$4,872,195	$-223,891
2020	$124,943	$296,944	$5,024,509	$-172,001
2019	$125,440	$359,010	$5,154,692	$-233,570
2018	$117,080	$254,022	$5,270,376	$-136,942

VALOR APARTMENT ASSOCIATES