Community Apartments Corporation of Forsyth County 3 (EIN 562277204) - 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

2001

Legal Domicile

Principal Officer

John Nash

Phone

9197824632

Tax Period

2020-10-01 to 2021-09-30

Community Apartments Corporation of Forsyth County 3, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $59K in total revenue in fiscal year 2020. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $78K exceeded revenue, resulting in a 33% 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 (2020)

Revenue Breakdown

Contributions & Grants $33,914

Program Service Revenue $25,194

Investment Income $72

Other Revenue $0

TOTAL REVENUE $59,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,873

Other Expenses $78,474

TOTAL EXPENSES $78,474

Year-over-Year Comparison

	2020	2019	Change
Revenue	$59,180	$81,024	-0.3%
Expenses	$78,474	$67,910	+0.2%
Net Income	$-19,294	$13,114	-2.5%

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
Stephanie Antkowiak	Director	0.10	Director	$0	$0	$0
Carol Ann Conway	Director	0.10	Director	$0	$0	$0
Dawn Selby	Director	0.10	Director	$0	$0	$0
Robert Bradstock	Director	0.10	Director	$0	$0	$0
Tim Kirk	Director	0.10	Director	$0	$0	$0
Elisha Burns	Director	0.10	Director	$0	$0	$0
Daphne Hall	Director	0.10	Director	$0	$0	$0
Jennifer Pfaltzgraff	Director	0.10	Director	$0	$0	$0
Wayne Dawson	President	0.10	Officer Director	$0	$0	$0
Gale Kirk	Sec/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
2021	$59,180	$78,474	$512,764	$-19,294
2020	$81,024	$67,910	$529,179	$13,114
2019	$34,906	$72,933	$548,247	$-38,027
2018	$57,463	$75,995	$555,515	$-18,532

Community Apartments Corporation of Forsyth County 3