FINDLEY PLACE APARTMENTS (EIN 454728242) - 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

2014

Legal Domicile

Principal Officer

MICHAEL DREW

Phone

2172237904

Tax Period

2023-07-01 to 2024-06-30

FINDLEY PLACE APARTMENTS, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $146K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $222K exceeded revenue, resulting in a 53% operating deficit.

Mission

PROVIDE HOUSING TO LOW INCOME SENIORS

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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 $0

Program Service Revenue $142,140

Investment Income $650

Other Revenue $2,723

TOTAL REVENUE $145,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,821

Other Expenses $221,945

TOTAL EXPENSES $221,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,513	$131,477	+0.1%
Expenses	$221,945	$219,717	+0.0%
Net Income	$-76,432	$-88,240	-0.1%

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
MICHAEL DREW	PRESIDENT	5.00	Officer Director	$0	$0	$0
VANESSA KEPPNER	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
BRENDA FLEMING	DIRECTOR	0.50	Director	$0	$0	$0
PATTY MCINTOSH	DIRECTOR	0.50	Director	$0	$0	$0
LYNN NIEWOHNER	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$145,513	$221,945	$1,670,921	$-76,432
2023	$131,477	$219,717	$1,760,020	$-88,240
2022	$113,781	$203,545	$1,843,813	$-89,764
2021	$122,905	$231,795	$1,941,907	$-108,890
2020	$122,838	$210,678	$2,056,549	$-87,840
2019	$125,445	$211,046	$2,146,878	$-85,601

FINDLEY PLACE APARTMENTS