ST ANN CENTER PROPERTIES INC (EIN 472308420) - 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

2014

Legal Domicile

Principal Officer

DEREK GOODMAN

Phone

4149775000

Tax Period

2024-01-01 to 2024-12-31

ST ANN CENTER PROPERTIES INC, founded in 2014, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 86% operating deficit.

Mission

HOLDING TITLE TO, DEVELOPING, MAINTAINING AND LEASING PROPERTY TO ST. ANN CENTER FOR INTERGENERATIONAL CARE INC.

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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 $17

Other Revenue $1,021,200

TOTAL REVENUE $1,021,217

Expense Breakdown

Grants Paid $987,661

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,901,832

Other Expenses $914,171

TOTAL EXPENSES $1,901,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,021,217	$1,021,229	0.0%
Expenses	$1,901,832	$1,912,647	0.0%
Net Income	$-880,615	$-891,418	0.0%

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

$313,603

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY SULLIVAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BISHOP WALTER HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
REV JOSEPH JACKSON JR	DIRECTOR	1.00	Director	$0	$0	$0
TABATHA JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
SR ANN KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG MACKUS	DIRECTOR	1.00	Director	$0	$0	$0
FATHER BRYAN MASSINGALE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA WYATT SIBLEY	DIRECTOR	1.00	Director	$0	$0	$0
UNA VAN DUVALL	DIRECTOR	1.00	Director	$0	$0	$0
SR EDNA LONERGAN	FORMER EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$72,166
DAYO AKANDE	CHIEF OPERATING OFFICER	1.00	Officer	$0	$0	$90,777
LEANZIE HANDFORD	FORMER CFO	1.00	Officer	$0	$0	$49,135
DEREK GOODMAN	PRESIDENT AND CEO	1.00	Officer	$0	$0	$36,654
SALLY PARENTE	CFO	1.00	Officer	$0	$0	$64,871

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	$1,021,217	$1,901,832	$21,490,041	$-880,615
2023	$1,021,229	$1,912,647	$22,242,789	$-891,418
2022	$5,816,883	$989,207	$23,376,547	$4,827,676
2021	$574,431	$1,076,459	$23,893,115	$-502,028
2020	$308,541	$1,092,244	$24,367,316	$-783,703
2019	$300,404	$1,019,411	$25,123,192	$-719,007
2018	$2,473,295	$642,697	$27,161,046	$1,830,598

ST ANN CENTER PROPERTIES INC