MAYFIELD MEMORIAL APARTMENTS INC (EIN 581493398) - 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

DONNIE R PETWAY

Phone

3363751552

Tax Period

2023-01-01 to 2023-12-31

MAYFIELD MEMORIAL APARTMENTS INC, founded in 1977, is a small nonprofit that reported $545K in total revenue in fiscal year 2023. Expenses of $607K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDED AFFORDABLE HOUSING TO THE ELDERLY AND 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 $341,302

Program Service Revenue $203,848

Investment Income $153

Other Revenue $0

TOTAL REVENUE $545,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $581,730

Other Expenses $607,495

TOTAL EXPENSES $607,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$545,303	$523,293	+0.0%
Expenses	$607,495	$532,166	+0.1%
Net Income	$-62,192	$-8,873	+6.0%

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

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	Role	Reportable Comp	Other Comp	Total
WAYNE P DIGGS	BOARD MEMBER	Director	$0	$0	$0
BRENDA EGLESTON	SECRETARY	Officer Director	$0	$0	$0
WILLIAM EVANS JR	BOARD MEMBER	Director	$0	$0	$0
TERESA HAYES	BOARD MEMBER	Director	$0	$0	$0
DONNIE R PETWAY	CHAIRMAN	Officer Director	$0	$0	$0
JOAN W SMITH	VICE CHAIR	Officer Director	$0	$0	$0
SWEETIE GEORGE-BOHOL	BOARD MEMBER	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	$545,303	$607,495	$1,002,256	$-62,192
2022	$523,293	$532,166	$1,143,812	$-8,873
2021	$514,061	$557,021	$1,194,912	$-42,960
2020	$510,883	$547,698	$1,291,096	$-36,815
2019	$502,066	$481,463	$1,357,161	$20,603
2018	$492,646	$506,518	$1,381,891	$-13,872

MAYFIELD MEMORIAL APARTMENTS INC