WESTLAND ADAMS MANAGEMENT CORPORATION DBA ADAMS APARTMENTS (EIN 550730693) - 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

1994

Legal Domicile

Principal Officer

KEVIN TRIPPETT

Phone

3044851721

Tax Period

2024-07-01 to 2025-06-30

WESTLAND ADAMS MANAGEMENT CORPORATION DBA ADAMS APARTMENTS, founded in 1994, is a small nonprofit in the Human Services sector that reported $137K in total revenue in fiscal year 2024. Expenses of $190K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO DEVELOP AND OPERATE A 16 UNIT APARTMENT BUILDING TO PROVIDE AFFORDABLE HOUSING FOR PEOPLE WITH PSYCHIATRIC DISABILITIES.

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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 $83,898

Program Service Revenue $50,939

Investment Income $19

Other Revenue $1,677

TOTAL REVENUE $136,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,045

Other Expenses $190,000

TOTAL EXPENSES $190,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,533	$133,177	+0.0%
Expenses	$190,000	$166,443	+0.1%
Net Income	$-53,467	$-33,266	+0.6%

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
DELBERT CASTO	MEMBER	1.00	Director	$0	$0	$0
MICHELLE CURTIS	SECRETARY/TREASURY	1.00	Officer Director	$0	$0	$0
SHELENE SHREWSBURY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ETHAN RATKOVICH	MEMBER	1.00	Director	$0	$0	$0
WILLIAM L WEBB	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE POST	MEMBER	1.00	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	$136,533	$190,000	$481,082	$-53,467
2024	$133,177	$166,443	$524,361	$-33,266
2023	$125,520	$167,476	$555,346	$-41,956
2022	$107,032	$123,178	$597,366	$-16,146
2021	$102,545	$111,691	$615,797	$-9,146
2020	$113,665	$104,802	$615,718	$8,863
2019	$94,046	$105,449	$605,079	$-11,403
2018	$85,412	$106,101	$617,553	$-20,689

WESTLAND ADAMS MANAGEMENT CORPORATION DBA ADAMS APARTMENTS