SODA CREEK APARTMENTS INC (EIN 454715014) - 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

TATUM HEATH

Phone

9708794466

Tax Period

2024-07-01 to 2025-06-30

SODA CREEK APARTMENTS INC, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $53K in total revenue in fiscal year 2024. Expenses of $109K exceeded revenue, resulting in a 105% operating deficit.

Mission

SODA CREEK APARTMENTS WAS ESTABLISHED FOR THE CONSTRUCTION AND MANAGEMENT OF AN 8 UNIT APARTMENT COMPLEX THAT WILL HOUSE 7 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. THE COMPLEX WILL BE FUNDED THROUGH HUD SECTION 811.

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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 $15,739

Program Service Revenue $37,575

Investment Income $128

Other Revenue $0

TOTAL REVENUE $53,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,886

Fundraising Expenses $0

Program Expenses $88,257

Other Expenses $102,606

TOTAL EXPENSES $109,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,442	$51,884	+0.0%
Expenses	$109,492	$128,318	-0.1%
Net Income	$-56,050	$-76,434	-0.3%

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

$335,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TATUM HEATH	EXECUTIVE DI	1.00	Officer	$0	$10,693	$190,116
ERIK PETERSEN	CFO	1.00	Officer	$0	$10,515	$145,391
LESLIE BJORGUM	DIRECTOR	1.00	Director	$0	$0	$0
BETH DAVISON	SECRETARY	1.00	Officer Director	$0	$0	$0
TERRY JOST	BOARD PRESID	1.00	Officer Director	$0	$0	$0
DENNIS KUNTZ	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JULIE PEARCE	TREASURER	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	$53,442	$109,492	$1,528,673	$-56,050
2024	No data	No data	No data	No data
2023	$51,782	$107,374	$1,644,029	$-55,592
2022	$51,686	$106,710	$1,699,191	$-55,024
2021	$51,631	$109,425	$1,748,666	$-57,794
2020	$52,399	$145,966	$1,807,243	$-93,567
2019	$51,748	$101,335	$1,900,067	$-49,587
2018	$50,916	$103,105	$1,950,725	$-52,189

SODA CREEK APARTMENTS INC