Community Apartments Corporation of Rockingham County (EIN 550806301) - 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

2002

Legal Domicile

Principal Officer

Lisa Poteat

Phone

9197824632

Tax Period

2023-10-01 to 2024-09-30

Community Apartments Corporation of Rockingham County, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $52K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $75K exceeded revenue, resulting in a 43% operating deficit.

Mission

The Organization provides housing for the mentally ill.

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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 $33,252

Program Service Revenue $18,829

Investment Income $200

Other Revenue $0

TOTAL REVENUE $52,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,395

Other Expenses $74,890

TOTAL EXPENSES $74,890

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,281	$61,635	-0.2%
Expenses	$74,890	$79,988	-0.1%
Net Income	$-22,609	$-18,353	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephanie Antkowiak	Director	0.10	Director	$0	$0	$0
Marvin Alligood	Director	0.10	Director	$0	$0	$0
Dawn Selby	Director	0.10	Director	$0	$0	$0
Judy Lewis	Director	0.10	Director	$0	$0	$0
Sherisse Marion	Director	0.10	Director	$0	$0	$0
Clementine Brown	Director	0.10	Director	$0	$0	$0
Gale Kirk	Imm Past Pres	0.10	Officer Director	$0	$0	$0
Carol Ann Conway	President	0.10	Officer Director	$0	$0	$0
Wayne Dawson	Secr/Treasurer	0.10	Officer 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
2024	$52,281	$74,890	$660,012	$-22,609
2023	$61,635	$79,988	$673,870	$-18,353
2022	$65,629	$86,585	$683,892	$-20,956
2021	$55,023	$78,465	$693,581	$-23,442
2020	$53,664	$72,912	$704,952	$-19,248
2019	$56,402	$82,332	$713,034	$-25,930
2018	$59,410	$76,037	$727,081	$-16,627

Community Apartments Corporation of Rockingham County