Arkansas City Area Progress Inc (EIN 480795165) - 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

1970

Legal Domicile

Principal Officer

Theodore Stover

Phone

6204421150

Tax Period

2023-07-01 to 2024-06-30

Arkansas City Area Progress Inc, founded in 1970, is a small nonprofit that reported $311K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

Provide rent subsidized housing for low and moderate income families pursuant to Section 236 of the Federal Housing and Urban Development Act in Arkansas City Kansas.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $308,716

Investment Income $35

Other Revenue $2,346

TOTAL REVENUE $311,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,767

Fundraising Expenses $0

Program Expenses $285,426

Other Expenses $213,817

TOTAL EXPENSES $331,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,097	$327,658	-0.1%
Expenses	$331,584	$360,938	-0.1%
Net Income	$-20,487	$-33,280	-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

Volunteers

N/A

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

$21,479

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Travis Guess	Executive Director	40.00	Officer	$21,479	$0	$21,479
Scott Morris	Director	5.00	Director	$0	$0	$0
Theodore Stover	President	5.00	Officer	$0	$0	$0
Charles Tweedy	Vice President	5.00	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
2025	No data	No data	No data	No data
2024	$311,097	$331,584	$177,232	$-20,487
2023	$327,658	$360,938	$186,154	$-33,280
2022	$298,347	$318,949	$220,300	$-20,602
2021	$290,106	$263,771	$237,642	$26,335
2020	$276,294	$265,940	$211,709	$10,354
2019	$267,369	$267,501	$202,132	$-132

Arkansas City Area Progress Inc