LEE COUNTY SENIOR APARTMENTS INC (EIN 570799395) - 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

1985

Legal Domicile

Principal Officer

WAYNE HANCOCK

Phone

8038083966

Tax Period

2024-01-01 to 2024-12-31

LEE COUNTY SENIOR APARTMENTS INC, founded in 1985, is a small nonprofit that reported $403K in total revenue in fiscal year 2024. The organization ran a surplus of $81K, a strong 20% operating margin.

Mission

PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING WHERE NO SUITABLE AND ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.

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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 $287,800

Program Service Revenue $115,309

Investment Income $144

Other Revenue $0

TOTAL REVENUE $403,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $284,604

Other Expenses $321,924

TOTAL EXPENSES $321,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$403,253	$393,504	+0.0%
Expenses	$321,924	$299,907	+0.1%
Net Income	$81,329	$93,597	-0.1%

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
CARL ANDREWS	DIRECTOR	0.50	Director	$0	$0	$0
HAROLD ANDREWS	TREASURER	0.50	Director	$0	$0	$0
JESSIE BELVIN	DIRECTOR	0.50	Director	$0	$0	$0
KENYA R DENNIS	DIRECTOR	0.50	Director	$0	$0	$0
MARY DURANT	DIRECTOR	0.50	Director	$0	$0	$0
JOHN ADAMS FAUST	DIRECTOR	0.50	Director	$0	$0	$0
WAYNE HANCOCK	CHAIRMAN	0.50	Director	$0	$0	$0
THOMPSON ISAAC	VICE CHAIRPE	0.50	Director	$0	$0	$0
RUDIN MULLINS	DIRECTOR	0.50	Director	$0	$0	$0
WENDY PARNELL	DIRECTOR	0.50	Director	$0	$0	$0
KESHIAN SCOTT	SECRETARY	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	$403,253	$321,924	$439,380	$81,329
2023	$393,504	$299,907	$421,045	$93,597
2022	$352,827	$294,843	$338,850	$57,984
2021	$356,828	$294,084	$320,183	$62,744
2020	$354,352	$284,364	$294,815	$69,988
2019	$343,114	$305,207	$278,996	$37,907
2018	$330,474	$330,572	$258,737	$-98

LEE COUNTY SENIOR APARTMENTS INC