Ellett Road Apartments Corp (EIN 541651301) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Phone

5403822002

Tax Period

2023-01-01 to 2023-12-31

ELLETT ROAD APARTMENTS CORPORATION, founded in 1992, is a micro nonprofit in the Housing & Shelter sector that reported $88K in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $79K left a modest 10% surplus.

Mission

Low Income Housing

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $94,119

Investment Income $404

Other Revenue $0

TOTAL REVENUE $94,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,861

Fundraising Expenses $0

Program Expenses $102,643

Other Expenses $81,782

TOTAL EXPENSES $102,643

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,523	$93,685	+0.0%
Expenses	$102,643	$100,655	+0.0%
Net Income	$-8,120	$-6,970	+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

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

$2,090,149

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice Chair	1.0	Director	$0	$0	$0
N/A	Past Chair	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Chair	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	COO	1.0	Officer	$0	$38,072	$389,069
N/A	CEO	1.0	Officer	$0	$61,078	$853,572
N/A	President	1.0	Officer	$0	$57,714	$512,838
N/A	EVP/CFO	1.0	Officer	$0	$57,469	$334,670

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	No data	No data	No data	No data
2023	$94,523	$102,643	$509,945	$-8,120
2022	$93,685	$100,655	$513,532	$-6,970
2021	$91,940	$77,168	$531,046	$14,772
2020	$89,484	$74,335	$553,094	$15,149
2019	$86,972	$87,731	$491,686	$-759
2018	$88,023	$79,450	$560,035	$8,573

Ellett Road Apartments Corp