PARKRIDGE AVENUE 517 CORP (EIN 464261662) - 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

ALAN NG

Phone

6503436333

Tax Period

2024-01-01 to 2024-12-31

PARKRIDGE AVENUE 517 CORP, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

FORMED TO ACQUIRE AND DEVELOP PROPERTY IN NORCO, CA AND TO COLLECT AND REMIT INCOME TO THE SHAREHOLDER, A PENSION PLAN, ONCE THE PROPERTY HAS BEEN DEVELOPED.

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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 $0

Investment Income $8

Other Revenue $1,189,430

TOTAL REVENUE $1,189,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,189,438	$1,178,682	+0.0%
Expenses	N/A	N/A	N/A
Net Income	N/A	$1,178,682	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARRY J SPANNER	PRESIDENT/CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT T PERKINS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BYRON M FOX	DIRECTOR	1.00	Director	$0	$0	$0
ERIK ST CHARLES	SECRETARY	1.00	Officer	$0	$0	$0
VICTOR KWOK	CHIEF FINANCIAL OFFICER	1.00	Officer	$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	$1,189,438	No data	$16,873,606	No data
2023	$1,178,682	No data	$17,089,308	No data
2022	$1,156,274	No data	$17,749,853	No data
2021	$1,117,883	No data	$16,918,817	No data
2020	$1,091,426	No data	$16,964,019	No data
2019	$1,072,858	No data	$16,690,593	No data
2018	$1,051,048	No data	$16,203,962	No data

PARKRIDGE AVENUE 517 CORP