EAST SALEM APARTMENTS INC (EIN 550824558) - 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

AHAZ ARMSTRONG

Phone

3367653906

Tax Period

2023-07-01 to 2024-06-30

EAST SALEM APARTMENTS INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $109K in total revenue in fiscal year 2023. Expenses of $154K exceeded revenue, resulting in a 42% operating deficit.

Mission

PHYSICALLY HANDICAPPED HOUSING SERVICES

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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 $63,290

Program Service Revenue $45,347

Investment Income $4

Other Revenue $0

TOTAL REVENUE $108,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,994

Other Expenses $154,218

TOTAL EXPENSES $154,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,641	$110,482	0.0%
Expenses	$154,218	$121,972	+0.3%
Net Income	$-45,577	$-11,490	+3.0%

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

$120,248

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG PEATROSS	PRESIDENT	0.00	Officer Director	$0	$0	$0
MALLORY OLDHAM	SECRETARY	0.00	Officer Director	$0	$0	$0
GARRY MERRITT	DIRECTOR	0.00	Director	$0	$0	$0
DIANE EVANS	DIRECTOR	0.00	Director	$0	$0	$0
TAMMY VERNON	TREASURER	0.20	Officer	$0	$0	$120,248

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	$108,641	$154,218	$563,938	$-45,577
2023	$110,482	$121,972	$608,537	$-11,490
2022	$108,174	$125,978	$619,649	$-17,804
2021	$107,404	$131,913	$634,611	$-24,509
2020	$105,960	$123,618	$663,176	$-17,658
2019	$103,657	$124,444	$676,992	$-20,787

EAST SALEM APARTMENTS INC