GREAT PLAINS PLATTE VALLEY APARTMENTS INC (EIN 470733395) - 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

1992

Legal Domicile

Principal Officer

RANDY SQUIER

Phone

4023337373

Tax Period

2022-10-01 to 2023-09-30

GREAT PLAINS PLATTE VALLEY APARTMENTS INC, founded in 1992, is a small nonprofit that reported $851K in total revenue in fiscal year 2022. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $732K, a strong 86% operating margin.

Mission

GREAT PLAINS PLATTE VALLEY APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION THAT WAS FORMED IN 1992 UNDER THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NEBRASKA. THE CORPORATION, WHICH WAS FORMED FOR THE PURPOSE OF OPERATING THREE 10-UNIT COMMUNITIES LOCATED IN GRAND ISLAND, KEARNEY AND NORTH PLATTE, NEBRASKA, IS KNOWN AS THE PLATTE VALLEY APARTMENTS AND PROVIDES HOUSING FOR DISABLED VETERANS. THE CORPORATION IS SUBJECT TO THE PROVISIONS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ADDITIONALLY, THE CORPORATION HAS ENTERED INTO A STANDARD FEDERAL HOUSING ADMINISTRATION ("FHA") REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FHA SECTION OF HUD. ALSO, THE CORPORATION IS PARTY TO A HOUSING ASSISTANCE PAYMENTS CONTRACT ("HAP CONTRACT") WITH HUD. THE HAP CONTRACT PROVIDES ASSISTANCE TO LOW INCOME FAMILIES (OR PERSONS) UNDER SECTION 8 OF THE NATIONAL HOUSING ACT, AS AMENDED, FOR ALL 30 UNITS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $112,189

Program Service Revenue $60,143

Investment Income $670,435

Other Revenue $7,877

TOTAL REVENUE $850,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,804

Other Expenses $118,245

TOTAL EXPENSES $118,245

Year-over-Year Comparison

	2022	2021	Change
Revenue	$850,644	$335,169	+1.5%
Expenses	$118,245	$339,792	-0.7%
Net Income	$732,399	$-4,623	-159.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY SQUIER	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOHN SCOTT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SETH KOTOUC	TREASURER	1.00	Officer Director	$0	$0	$0
WILL LEAVITT	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY BUSHMAN	EXEC DIRECTOR	5.00	Officer Director	$0	$0	$0
DAVE NELSON	NATIONAL DIRECTOR	1.00	Officer Director	$0	$0	$0
MARK LINQUIST	DIRECTOR	1.00	Director	$0	$0	$0
DICK HELVEY	DIRECTOR	1.00	Director	$0	$0	$0
TOM TIMMERMAN	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
2023	$850,644	$118,245	No data	$732,399
2022	$335,169	$339,792	$874,879	$-4,623
2021	$367,108	$364,955	$972,358	$2,153
2020	$315,238	$328,164	$947,289	$-12,926
2019	$313,788	$346,879	$985,916	$-33,091
2018	$308,039	$375,529	$1,033,927	$-67,490

GREAT PLAINS PLATTE VALLEY APARTMENTS INC