TOWNHOUSE APARTMENTS INC (EIN 460306023) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1968

Legal Domicile

Principal Officer

DENNIS JONES

Phone

6059342500

Tax Period

2023-01-01 to 2023-12-31

TOWNHOUSE APARTMENTS INC, founded in 1968, is a small nonprofit that reported $248K in total revenue in fiscal year 2018. The organization ran a surplus of $41K, a strong 17% operating margin.

Mission

TO PROVIDE HOUSING TO THE ELDERLY AND THOSE WITH LOWER INCOME SPECIFICALLY FOCUSED ON INDIVIDUALS LIVING IN RURAL SOUTH DAKOTA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $263,528

Investment Income $5,245

Other Revenue $0

TOTAL REVENUE $268,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,388

Fundraising Expenses $0

Program Expenses $240,996

Other Expenses $207,608

TOTAL EXPENSES $240,996

Year-over-Year Comparison

	2023	2022	Change
Revenue	$268,773	$247,402	+0.1%
Expenses	$240,996	$234,139	+0.0%
Net Income	$27,777	$13,263	+1.1%

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

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
DONNA ANDERSON	SECRETARY/TR	1.00	Director	$0	$0	$0
RICH BENDRT	DIRECTOR	1.00	Director	$0	$0	$0
JERRY JOACHIM	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS JONES	PRESIDENT/DI	1.00	Director	$0	$0	$0
GORDON RICHARD	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$268,773	$240,996	$463,871	$27,777
2022	$247,402	$234,139	$443,487	$13,263
2021	$253,205	$216,026	$433,627	$37,179
2020	$248,050	$206,095	$398,929	$41,955
2019	$255,649	$196,199	$365,324	$59,450
2018	$247,536	$206,122	$316,325	$41,414

TOWNHOUSE APARTMENTS INC