TRINITY HOUSE 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

1994

Legal Domicile

Principal Officer

William J McCarthy Jr

Phone

6676003216

Tax Period

2023-07-01 to 2024-06-30

TRINITY HOUSE APARTMENTS INC, founded in 1994, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $195K, a strong 15% operating margin.

Mission

The organization is affiliated with Associated Catholic Charities, Inc. (ACC) whose mission is "Inspired by the Gospel mandates to love, serve and teach, Catholic Charities provides care and services to improve the lives of Marylanders in need."

Program Service Accomplishments

Program 1

Expenses: $1,017,673 Revenue: $884,836

To provide affordable, supportive communities for older adults with a resolve to nurture a spirit of purpose, wellness, and harmony among both our residents and colleagues.

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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 $909,902

Program Service Revenue $361,921

Investment Income $8,255

Other Revenue $0

TOTAL REVENUE $1,280,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,891

Fundraising Expenses $0

Program Expenses $1,017,673

Other Expenses $776,663

TOTAL EXPENSES $1,085,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,280,078	$767,574	+0.7%
Expenses	$1,085,554	$954,960	+0.1%
Net Income	$194,524	$-187,386	-2.0%

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

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

$794,476

Total Directors

$528,560

Key Employees

$453,849

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William J McCarthy Jr	Secretary	1	Officer Director	$0	$72,031	$528,560
Sarah I Beckwith	Treasurer	1	Officer	$0	$47,524	$265,916
Ashley Valis	Chief Operating Officer	1	Key Emp	$0	$23,793	$264,136
Mary Choplick	Director Senior Communities	1	Key Emp	$0	$42,425	$189,713
Tamla A Olivier	Director	1	Director	$0	$0	$0
Archbishop William E Lori	Chairman	1	Director	$0	$0	$0
Theresa D Becks	Director	1	Director	$0	$0	$0
John Stanton	Director	1	Director	$0	$0	$0
Most Rev Adam Parker	Director	1	Director	$0	$0	$0
Pamela W Gray	Director	1	Director	$0	$0	$0
Natalie McSherry	Director	1	Director	$0	$0	$0
Daniel Rizzo	President	1	Officer Director	$0	$0	$0
Michael Bison	Director	1	Director	$0	$0	$0
Marc Wyatt	Director	1	Director	$0	$0	$0
Aileen Eskildsen	Director	1	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	$1,280,078	$1,085,554	$3,196,564	$194,524
2023	$767,574	$954,960	$2,946,061	$-187,386
2022	$824,104	$997,951	$3,023,311	$-173,847
2021	$772,059	$939,982	$3,152,662	$-167,923
2020	$771,840	$874,186	$3,551,303	$-102,346
2019	$765,776	$911,492	$3,472,068	$-145,716
2018	$753,072	$886,447	$3,763,561	$-133,375