MT ZION AME APARTMENTS INC SEC 1 (EIN 570529692) - 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

1970

Legal Domicile

Principal Officer

MERRITT B GRAVES

Phone

8038083966

Tax Period

2023-01-01 to 2023-12-31

MT ZION AME APARTMENTS INC SEC 1, founded in 1970, is a small nonprofit in the Housing & Shelter sector that reported $639K in total revenue in fiscal year 2023.

Mission

PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND FAMILIES DISPLACED FROM URBAN RENEWAL AREAS OR AS A RESULT OF GOVERNMENT ACTION, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS

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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 $433,319

Program Service Revenue $205,505

Investment Income $17

Other Revenue $0

TOTAL REVENUE $638,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $562,883

Other Expenses $637,378

TOTAL EXPENSES $637,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$638,841	$609,928	+0.0%
Expenses	$637,378	$649,212	0.0%
Net Income	$1,463	$-39,284	-1.0%

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

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
EVA M GRANT	DIRECTOR	0.50	Director	$0	$0	$0
MERRITT B GRAVES	CHAIRMAN	0.50	Director	$0	$0	$0
ANDREW HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
HAROLD HUGHES	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM WILSON JR	DIRECTOR	0.50	Director	$0	$0	$0
BOBBIE P KELLY	DIRECTOR	0.50	Director	$0	$0	$0
DERRICK MCQUEEN	DIRECTOR	0.50	Director	$0	$0	$0
HERBERT C SESSIONS	DIRECTOR	0.50	Director	$0	$0	$0
JERRY KEITH SR	VICE CHAIRMA	0.50	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	No data	No data	No data	No data
2023	$638,841	$637,378	$219,849	$1,463
2022	$609,928	$649,212	$311,923	$-39,284
2021	$593,172	$618,776	$395,686	$-25,604
2020	$598,839	$587,214	$517,312	$11,625
2019	$561,597	$531,697	$504,547	$29,900
2018	$554,020	$587,326	$521,433	$-33,306

MT ZION AME APARTMENTS INC SEC 1