JAMES VALLEY APARTMENTS INC (EIN 466016291) - 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

1967

Legal Domicile

Principal Officer

GARY SCHELSKE

Phone

6052030977

Tax Period

2024-01-01 to 2024-12-31

JAMES VALLEY APARTMENTS INC, founded in 1967, is a small nonprofit in the Housing & Shelter sector that reported $117K in total revenue in fiscal year 2018. Expenses of $147K exceeded revenue, resulting in a 26% operating deficit.

Mission

LOW INCOME RENTAL HOUSING

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,999

Program Service Revenue $84,473

Investment Income $942

Other Revenue $0

TOTAL REVENUE $130,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,363

Fundraising Expenses $0

Program Expenses $120,022

Other Expenses $113,622

TOTAL EXPENSES $132,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,414	$126,712	+0.0%
Expenses	$132,985	$161,001	-0.2%
Net Income	$-2,571	$-34,289	-0.9%

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

$12,113

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY SCHELSKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN STEPANEK	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH STEFFENSEN	MANAGER	1.00	Key Emp Highest	$12,113	$0	$12,113
TRUDI SCHAEFFER	SECRETARY	1.00	Director	$0	$0	$0
PEGGY THRANUM	DIRECTOR	1.00	Director	$0	$0	$0
SUE CRICK	TREASURER	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
2025	No data	No data	No data	No data
2024	$130,414	$132,985	$518,864	$-2,571
2023	$126,712	$161,001	$531,200	$-34,289
2022	$124,647	$127,177	$574,016	$-2,530
2021	$134,332	$117,705	$585,799	$16,627
2020	$118,655	$150,169	$578,359	$-31,514
2019	$120,091	$111,568	$614,685	$8,523
2018	$116,832	$147,296	$612,493	$-30,464

JAMES VALLEY APARTMENTS INC