HOLLY RIDGE APARTMENTS INC (EIN 542104488) - 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

2003

Legal Domicile

Principal Officer

BRENDA YOUNG

Phone

8034312796

Tax Period

2024-10-01 to 2025-09-30

HOLLY RIDGE APARTMENTS INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $131K in total revenue in fiscal year 2024. Expenses of $146K exceeded revenue, resulting in a 11% operating deficit.

Mission

LOW INCOME SUSIDIZED HOUSING FOR THE MENTALLY DISABLED.

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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 $88,485

Program Service Revenue $42,323

Investment Income $141

Other Revenue $0

TOTAL REVENUE $130,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,190

Other Expenses $145,693

TOTAL EXPENSES $145,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,949	$127,154	+0.0%
Expenses	$145,693	$154,895	-0.1%
Net Income	$-14,744	$-27,741	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA YOUNG	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
KELLYE COLTHARP	BOARD MEMBER	N/A	Director	$0	$0	$0
AMY MAXIE	BOARD MEMBER	N/A	Director	$0	$0	$0
TORI ROBINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
ELIZABETH LITTLE	EXECUTIVE DI	N/A	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
2025	$130,949	$145,693	$564,828	$-14,744
2024	$127,154	$154,895	$602,016	$-27,741
2023	$109,209	$145,766	$647,268	$-36,557
2022	$96,456	$156,785	$626,938	$-60,329
2021	$98,462	$154,864	$677,051	$-56,402
2020	$85,298	$168,850	$726,112	$-83,552
2019	$89,024	$129,017	$791,658	$-39,993
2018	$85,692	$134,028	$835,664	$-48,336

HOLLY RIDGE APARTMENTS INC