TIMBER RIDGE APARTMENTS INC

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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

1979

Legal Domicile

Principal Officer

RALPH ARNOLD

Phone

4108762550

Tax Period

2023-10-01 to 2024-09-30

TIMBER RIDGE APARTMENTS INC, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $955K left a modest 10% surplus.

Mission

TO PROVIDE HOUSING FACILITIES FOR THE LOW-INCOME ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $826,974 Revenue: $407,007

THE ORGANIZATION OWNS AN APARTMENT COMPLEX OF 100 UNITS WHICH PROVIDES HOUSING FACILITIES TO THE LOW-INCOME ELDERLY. THE COMPLEX IS OPERATED PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ASSISTANCE PAYMENT PROGRAM. SUCH FACILITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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 $619,678

Program Service Revenue $407,007

Investment Income $32,317

Other Revenue $0

TOTAL REVENUE $1,059,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,952

Fundraising Expenses $0

Program Expenses $826,974

Other Expenses $698,104

TOTAL EXPENSES $955,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,059,002	$982,108	+0.1%
Expenses	$955,056	$1,004,591	0.0%
Net Income	$103,946	$-22,483	-5.6%

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

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
RALPH ARNOLD	PRESIDENT	1.00	Officer Director	$0	$0	$0
LORNA RICE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JANET E KELLY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BRAUNE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA CROFT	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY FALK	DIRECTOR	1.00	Director	$0	$0	$0
ANN GIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG GILES	DIRECTOR	1.00	Director	$0	$0	$0
ETTA RAE GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
JILL HORN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELLEN JACKLE	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH A LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
LIZ LOWE	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES ROCK	DIRECTOR	1.00	Director	$0	$0	$0
GERI RECK	DIRECTOR	1.00	Director	$0	$0	$0
BERTHA B SHRINER	DIRECTOR	1.00	Director	$0	$0	$0
LINWOOD VANHORN	DIRECTOR	1.00	Director	$0	$0	$0
MARK CURRY	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
JAN FLORA	DIRECTOR	1.00	Director	$0	$0	$0
DAVE HIGHFIELD	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
2024	$1,059,002	$955,056	$3,100,008	$103,946
2023	$982,108	$1,004,591	$2,995,303	$-22,483
2022	$923,002	$923,583	$3,012,828	$-581
2021	$903,228	$839,341	$3,031,543	$63,887
2020	$896,505	$751,087	$2,956,990	$145,418
2019	$877,399	$738,659	$2,848,368	$138,740
2018	$858,557	$690,695	$2,657,685	$167,862