The Cottages at Beaufort II Inc (EIN 582527442) - 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

2000

Legal Domicile

Principal Officer

Jill Cromartie

Phone

5123283232

Tax Period

2024-10-01 to 2025-09-30

The Cottages at Beaufort II Inc, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $162K in total revenue in fiscal year 2024.

Mission

Provide housing to low income elderly persons by operating an apartment community regulated by HUD under Section 202 of the National Housing Act of 1959.

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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 $0

Program Service Revenue $160,462

Investment Income $55

Other Revenue $1,120

TOTAL REVENUE $161,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,058

Fundraising Expenses $0

Program Expenses $139,857

Other Expenses $119,067

TOTAL EXPENSES $172,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,637	$160,778	+0.0%
Expenses	$172,125	$169,576	+0.0%
Net Income	$-10,488	$-8,798	+0.2%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Diana McIver	Board Chair (from May 2025)	2.00	Officer Director	$0	$0	$0
Jill Cromartie	President (from May 2025)	2.00	Officer Director	$0	$0	$0
Susan McDonald	Vice President	2.00	Officer Director	$0	$0	$0
Ann Cone	Treasurer(from May 2025)	2.00	Officer Director	$0	$0	$0
Linda Preston	Director	2.00	Director	$0	$0	$0
Ann Marie Schmidt	Director	2.00	Director	$0	$0	$0
Melvin J Sawyer Jr	Director	2.00	Director	$0	$0	$0
Grace Rutledge	Director	2.00	Director	$0	$0	$0
Ashley Northcutt	Director	2.00	Director	$0	$0	$0
Becky Wiles	Director	2.00	Director	$0	$0	$0
Ellen Vossbrink	Director	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
2025	$161,637	$172,125	$752,551	$-10,488
2024	$160,778	$169,576	$757,158	$-8,798
2023	$161,523	$187,312	$769,075	$-25,789
2022	$162,308	$166,287	$788,138	$-3,979
2021	$156,185	$168,270	$812,048	$-12,085
2020	$143,752	$162,788	$820,970	$-19,036

The Cottages at Beaufort II Inc