THE MEMORIAL APARTMENTS CORPORATION (EIN 526058564) - 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

1964

Legal Domicile

Principal Officer

ASHIAH PARKER

Phone

4145230013

Tax Period

2024-01-01 to 2024-12-31

THE MEMORIAL APARTMENTS CORPORATION, founded in 1964, is a small nonprofit that reported $348K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $986K exceeded revenue, resulting in a 183% operating deficit.

Mission

THE CORPORATION PROVIDES TENANT SERVICES TO LOW-INCOME SENIORS AT AN AFFORDABLE HOUSING APARTMENT COMPLEX.. THE CORPORATION ALSO PROVIDES A CENTER FOR COMMUNITY ARTS, EDUCATION AND JOB-TRAINING IN BALTIMORE, MARYLAND.

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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 $79,706

Program Service Revenue $268,197

Investment Income $0

Other Revenue $0

TOTAL REVENUE $347,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $972,580

Other Expenses $985,913

TOTAL EXPENSES $985,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,903	$379,267	-0.1%
Expenses	$985,913	$931,384	+0.1%
Net Income	$-638,010	$-552,117	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHIAH PARKER	PRESIDENT	0.50	Officer Director	$0	$0	$0
DOUG KELSO	TREASURER	0.25	Officer Director	$0	$0	$0
MICHEAL BOOTH	MEMBER	0.25	Director	$0	$0	$0
DR MATHEW MCNABNEY	SECRETARY	0.25	Officer Director	$0	$0	$0
EVELYN WILLIAMS	MEMBER	0.25	Director	$0	$0	$0
RUTH ROYSTER	MEMBER	0.25	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	$347,903	$985,913	$28,875,840	$-638,010
2023	$379,267	$931,384	$28,650,545	$-552,117
2022	$3,583,185	$497,584	$28,299,497	$3,085,601
2021	$864,107	$131,439	$22,497,350	$732,668
2020	$127,827	$142,416	$19,952,615	$-14,589
2019	$13,600	$144,926	$18,818,808	$-131,326
2018	No data	$138,376	$12,511,778	No data

THE MEMORIAL APARTMENTS CORPORATION