SIXTY-TWO PLAZA CENTRAL INC (EIN 570847464) - 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

1990

Legal Domicile

Principal Officer

GARY HINTON

Phone

8035361056

Tax Period

2024-07-01 to 2025-06-30

SIXTY-TWO PLAZA CENTRAL INC, founded in 1990, is a small nonprofit that reported $299K in total revenue in fiscal year 2024. Expenses of $259K left a modest 13% surplus.

Mission

SIXTY-TWO PLAZA CENTRAL, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 24-UNIT PROJECT KNOWN AS SIXTY-TWO PLAZA APARTMENTS LOCATED IN CENTRAL, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $217,082

Program Service Revenue $77,722

Investment Income $3,816

Other Revenue $694

TOTAL REVENUE $299,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $194,065

Other Expenses $259,044

TOTAL EXPENSES $259,044

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,314	$292,621	+0.0%
Expenses	$259,044	$219,942	+0.2%
Net Income	$40,270	$72,679	-0.4%

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
GARY HINTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR E W RABON	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY CORSO	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM GILLESPIE	BOARD MEMBER	1.00	Director	$0	$0	$0
KENT DYKES	BOARD MEMBER	1.00	Director	$0	$0	$0
JARREL ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
TOMMY CHASTAIN	BOARD MEMBER	1.00	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
2025	$299,314	$259,044	$657,849	$40,270
2024	$292,621	$219,942	$690,306	$72,679
2023	$275,295	$202,506	$605,374	$72,789
2022	$276,359	$274,325	$579,823	$2,034
2021	$296,798	$259,085	$603,331	$37,713
2020	$265,379	$265,395	$588,297	$-16
2019	$266,552	$247,768	$614,843	$18,784

SIXTY-TWO PLAZA CENTRAL INC