MARION UNITY APARTMENTS INC (EIN 550678214) - 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

1987

Legal Domicile

Principal Officer

JOSHUA D SWORD

Phone

3042968223

Tax Period

2023-07-01 to 2024-06-30

MARION UNITY APARTMENTS INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $960K left a modest 5% surplus.

Mission

PROVIDE SUBSIDIZED RENTAL HOUSING TO LOW-INCOME ELDERLY INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,006,825

Investment Income $3,419

Other Revenue $3,461

TOTAL REVENUE $1,013,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,387

Fundraising Expenses $0

Program Expenses $761,716

Other Expenses $705,063

TOTAL EXPENSES $960,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,013,705	$1,020,539	0.0%
Expenses	$960,450	$1,006,728	0.0%
Net Income	$53,255	$13,811	+2.9%

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

$390,484

Total Directors

$390,484

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA D SWORD	PRESIDENT	1.00	Officer Director	$0	$53,483	$146,338
ANDY WALTERS	SECRETARY TR	1.00	Officer Director	$0	$41,410	$131,144
CLAUDETTE KARR	VICE PRESIDE	1.00	Officer Director	$0	$30,958	$113,002
FRED ALBERT	EXECUTIVE BO	0.05	Director	$0	$0	$0
HEATHER ANDERSON	EXECUTIVE BO	0.05	Director	$0	$0	$0
ROBERT BROWN	EXECUTIVE BO	0.05	Director	$0	$0	$0
MIKE CAPUTO	EXECUTIVE BO	0.05	Director	$0	$0	$0
JOE CARTER	EXECUTIVE BO	0.05	Director	$0	$0	$0
DAN DOYLE	EXECUTIVE BO	0.05	Director	$0	$0	$0
JOHN EPPERLY	EXECUTIVE BO	0.03	Director	$0	$0	$0
JOYCE GIBSON	EXECUTIVE BO	0.05	Director	$0	$0	$0
ELAINE HARRIS	EXECUTIVE BO	0.05	Director	$0	$0	$0
JESS KING	EXECUTIVE BO	0.03	Director	$0	$0	$0
CHUCK PARKER	EXECUTIVE BO	0.05	Director	$0	$0	$0
DANIEL J POLING	EXECUTIVE BO	0.05	Director	$0	$0	$0
GARY SOUTHALL	EXECUTIVE BO	0.03	Director	$0	$0	$0
BRIAN WEDGE	EXECUTIVE BO	0.05	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
2025	No data	No data	No data	No data
2024	$1,013,705	$960,450	$2,995,065	$53,255
2023	$1,020,539	$1,006,728	$3,010,562	$13,811
2022	$962,163	$953,286	$3,113,700	$8,877
2021	$1,063,563	$1,295,440	$3,155,784	$-231,877
2020	$950,795	$1,070,313	$3,611,374	$-119,518
2019	$940,627	$923,458	$2,385,835	$17,169
2018	$925,258	$884,553	$2,428,597	$40,705

MARION UNITY APARTMENTS INC