Laurel Court Apartments Inc (EIN 541746545) - 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

1995

Legal Domicile

Phone

5403822002

Tax Period

2023-01-01 to 2023-12-31

LAUREL COURT APARTMENTS INC, founded in 1995, is a small nonprofit that reported $238K in total revenue in fiscal year 2018. Net assets of $2.0M represent 103 months of operating reserves.

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 $80,939

Investment Income $-812,892

Other Revenue $0

TOTAL REVENUE $-731,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,814

Fundraising Expenses $0

Program Expenses $184,648

Other Expenses $167,834

TOTAL EXPENSES $184,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-731,953	$246,477	-4.0%
Expenses	$184,648	$306,572	-0.4%
Net Income	$-916,601	$-60,095	+14.3%

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
2023	$-731,953	$184,648	No data	$-916,601
2022	$246,477	$306,572	$1,973,475	$-60,095
2021	$248,877	$285,722	$2,031,139	$-36,845
2020	$245,205	$291,815	$2,067,493	$-46,610
2019	$247,620	$259,637	$2,062,533	$-12,017
2018	$238,178	$255,276	$2,079,608	$-17,098

Laurel Court Apartments Inc