FT WASHINGTON ADVENTIST APARTMENTS INC (EIN 522251275) - 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

2004

Legal Domicile

Phone

4042546213

Tax Period

2024-01-01 to 2024-12-31

FT WASHINGTON ADVENTIST APARTMENTS INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $689K in total revenue in fiscal year 2024. Net assets of $2.6M represent 45 months of operating reserves.

Mission

To provide an affordable good quality of living for senior and disabled individuals.

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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 $687,854

Investment Income $327

Other Revenue $702

TOTAL REVENUE $688,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $739,596

Other Expenses $739,596

TOTAL EXPENSES $739,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$688,883	$656,258	+0.0%
Expenses	$739,596	$763,132	0.0%
Net Income	$-50,713	$-106,874	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH YOUNG	MEMBER	1	Director	$0	$0	$0
CAROL ANN WILLIAMS	MEMBER	1	Director	$0	$0	$0
MARIO NICHOLSON	MEMBER	1	Director	$0	$0	$0
WILLIAM LUCKEY	MEMBER	1	Director	$0	$0	$0
SHIRLEY BROWN	MEMBER	1	Director	$0	$0	$0
ISRAEL DAVIS	MEMBER	1	Director	$0	$0	$0
JAN RODY	MEMBER	1	Director	$0	$0	$0
GREGORY REAVES	MEMBER	1	Director	$0	$0	$0
JEROME DUGUID	CHAIRMAN	3	Officer	$0	$0	$0
DEBRA ALLEN	SECRETARY	3	Officer	$0	$0	$0
TERI TAYLOR	TREASURER	3	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
2024	$688,883	$739,596	$2,669,305	$-50,713
2023	$656,258	$763,132	$2,719,475	$-106,874
2022	$643,079	$708,468	$2,828,912	$-65,389
2021	$633,423	$735,472	$2,896,474	$-102,049
2020	$604,834	$687,170	$2,994,552	$-82,336
2019	$594,555	$687,919	$3,077,302	$-93,364
2018	$632,469	$687,745	$3,164,019	$-55,276

FT WASHINGTON ADVENTIST APARTMENTS INC