THE LANDING APARTMENTS (EIN 454914706) - 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

ERIC ANTHONY JOHNSON

Phone

6123413148

Tax Period

2023-01-01 to 2023-12-31

THE LANDING APARTMENTS, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $450K in total revenue in fiscal year 2023. Expenses of $616K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, WITH THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NON-PROFIT BASIS.

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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 $435,132

Investment Income $15,003

Other Revenue $0

TOTAL REVENUE $450,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $558,922

Other Expenses $615,914

TOTAL EXPENSES $615,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$450,135	$416,956	+0.1%
Expenses	$615,914	$620,555	0.0%
Net Income	$-165,779	$-203,599	-0.2%

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

$533,927

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA SWANSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MELISSA DOWNEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTHA NEVANEN	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG WERNER	SECRETARY	1.00	Officer Director	$0	$0	$0
TAMI DIEHM	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
SAROEUN EARM	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
CJ SIMMONS-FAYE JONES	DIRECTOR	1.00	Director	$0	$0	$0
ERIC JOHNSON	PRESIDENT & EXECUTIVE VICE PRESIDENT	1.00	Officer	$0	$27,490	$301,991
CAROLINE HORTON	TREASURER	1.00	Officer	$0	$16,323	$231,936

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
2024	No data	No data	No data	No data
2023	$450,135	$615,914	$7,481,668	$-165,779
2022	$416,956	$620,555	$7,678,138	$-203,599
2021	$422,924	$626,406	$7,754,954	$-203,482
2020	$415,113	$655,310	$7,940,617	$-240,197
2019	$389,707	$587,325	$8,182,700	$-197,618
2018	$387,232	$552,585	$8,410,962	$-165,353

THE LANDING APARTMENTS