ST MARK'S TOWERS INC (EIN 581357005) - 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

1977

Legal Domicile

Principal Officer

MELINDA MASSEY

Phone

9122677125

Tax Period

2023-10-01 to 2024-09-30

ST MARK'S TOWERS INC, founded in 1977, is a community nonprofit that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 239% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.5M, a strong 81% operating margin.

Mission

HOUSING FOR THE ELDERLY AND ELDERLY HANDICAPPED.

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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 $12,327

Program Service Revenue $1,348,201

Investment Income $5,357,449

Other Revenue $0

TOTAL REVENUE $6,717,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,064

Fundraising Expenses $0

Program Expenses $1,248,979

Other Expenses $918,915

TOTAL EXPENSES $1,248,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,717,977	$1,979,978	+2.4%
Expenses	$1,248,979	$1,640,442	-0.2%
Net Income	$5,468,998	$339,536	+15.1%

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

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

$52,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA MASSEY	EXECUTIVE DI	40.00	Officer	$52,898	$0	$52,898
ALAN AKRIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN BURR	BOARD MEMBER	1.00	Director	$0	$0	$0
RALPH DEMBOWCZYK	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE FAULKENBERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY FRIEDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
AL MCKINNON	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY MCONNELL	SECRETARY	2.00	Director	$0	$0	$0
PETER SCHMIDT	PRESIDENT	2.00	Director	$0	$0	$0
KEN TROWBRIDGE	TREASURER	2.00	Director	$0	$0	$0
BILL TURNER	VICE PRESIDE	2.00	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
2024	$6,717,977	$1,248,979	$4,453,154	$5,468,998
2023	$1,979,978	$1,640,442	$2,421,847	$339,536
2022	$1,952,288	$1,679,856	$2,371,741	$272,432
2021	$1,791,715	$1,632,557	$2,321,860	$159,158
2020	$1,752,713	$1,649,997	$2,430,096	$102,716
2019	$1,691,449	$1,684,630	$2,554,739	$6,819
2018	$1,749,638	$1,587,050	$2,848,005	$162,588

ST MARK'S TOWERS INC