TWENTIETH ASSOCIATION PROPERTIES INC (EIN 463037324) - 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

2013

Legal Domicile

Principal Officer

CHERYL FASANO

Phone

4137345376

Tax Period

2024-07-01 to 2025-06-30

TWENTIETH ASSOCIATION PROPERTIES INC, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $228K in total revenue in fiscal year 2024. Expenses of $410K exceeded revenue, resulting in a 80% operating deficit.

Mission

PROVIDING RESIDENTIAL & SUPPORT SERVICES TO PEOPLE WITH DISABILITIES & OTHER VULNERABLE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $225,853

Investment Income $276

Other Revenue $1,534

TOTAL REVENUE $227,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $367,218

Other Expenses $409,682

TOTAL EXPENSES $409,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,663	$236,638	0.0%
Expenses	$409,682	$370,937	+0.1%
Net Income	$-182,019	$-134,299	+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

$464,607

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY MIRKIN	CHAIR	0.00	Officer Director	$0	$0	$0
DONNA-RAE KENNEALLY	VICE CHAIR	0.00	Officer Director	$0	$0	$0
JOSEPH LEPPER	TREASURER	0.00	Officer Director	$0	$0	$0
DEE CADY	CLERK	0.00	Officer Director	$0	$0	$0
DENISE COGMAN	DIRECTOR	0.00	Officer Director	$0	$0	$0
EARL MILLER	DIRECTOR	0.00	Director	$0	$0	$0
MAUREEN BABINAEAU	DIRECTOR	0.00	Director	$0	$0	$0
JANETTE VIGO	DIRECTOR	0.00	Director	$0	$0	$0
DARLENE LIBISZEWSKI	DIRECTOR	0.00	Director	$0	$0	$0
NEAL LAKRITZ MD	DIRECTOR	0.00	Director	$0	$0	$0
JACQUELINE JOHNSON	DIRECTOR (EFF 10/2024)	0.00	Director	$0	$0	$0
MARIA PUPPOLO	DIRECTOR (THRU 10/2024)	0.00	Director	$0	$0	$0
CHERYL FASANO	PRESIDENT & CEO	1.00	Officer	$0	$17,556	$272,784
SARAH SMITH	VICE PRESIDENT OF FINANCE	1.00	Officer	$0	$14,523	$191,823

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	$227,663	$409,682	$3,716,598	$-182,019
2024	$236,638	$370,937	$3,932,437	$-134,299
2023	$234,630	$367,680	$4,071,735	$-133,050
2022	$220,370	$370,106	$4,256,075	$-149,736
2021	$218,545	$360,468	$4,416,527	$-141,923
2020	$221,403	$349,083	$4,563,998	$-127,680
2019	$210,499	$339,870	$4,683,872	$-129,371

TWENTIETH ASSOCIATION PROPERTIES INC