NAPS PROPERTY INC (EIN 541683946) - 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

1993

Legal Domicile

Principal Officer

IVAN BUTTS

Phone

7038369660

Tax Period

2024-06-01 to 2025-05-31

NAPS PROPERTY INC, founded in 1993, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2017. Expenses of $1.1M left a modest 9% surplus.

Mission

TO HOLD TITLE AND COLLECT RENTAL INCOME, PAY EXPENSES, AND DISTRIBUTE NET INCOME TO THE NATIONAL ASSOCIATION OF POSTAL SUPERVISORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $660,900

Program Service Revenue $378,801

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,039,701

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $944,655

TOTAL EXPENSES $944,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,039,701	$772,537	+0.3%
Expenses	$944,655	$909,298	+0.0%
Net Income	$95,046	$-136,761	-1.7%

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

N/A

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

$615,492

Total Directors

$615,492

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IVAN BUTTS	PRESIDENT	1.00	Officer Director	$0	$9,408	$218,175
CHARLES A MULIDORE	EXEC. VICE PRESIDENT	1.00	Officer Director	$0	$6,829	$205,067
JAMES WARDEN	SECRETARY/TREASURER	5.00	Officer Director	$0	$8,872	$192,250
BRIAN J WAGNER	FORMER IMMEDIATE PAST PRESIDENT	1.00		$0	$0	$14,525

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	$1,039,701	$944,655	$2,228,434	$95,046
2024	$772,537	$909,298	$2,017,149	$-136,761
2023	$869,005	$926,285	$2,167,280	$-57,280
2022	$380,191	$1,077,971	$2,227,342	$-697,780
2021	$748,441	$1,167,292	$2,973,049	$-418,851
2020	$896,019	$1,155,109	$3,394,998	$-259,090
2019	$942,828	$1,095,622	$3,699,955	$-152,794
2018	$1,187,437	$1,079,828	$3,754,042	$107,609

NAPS PROPERTY INC