Desoto Towers Inc (EIN 591295857) - 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

1967

Legal Domicile

Phone

9417482883

Tax Period

2024-10-01 to 2025-09-30

Desoto Towers Inc, founded in 1967, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

The organization provides low income housing to senior citizens.

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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 $1,402,047

Investment Income $18,372

Other Revenue $4,003

TOTAL REVENUE $1,424,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,116

Fundraising Expenses $0

Program Expenses $1,559,927

Other Expenses $1,177,594

TOTAL EXPENSES $1,615,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,424,422	$1,410,947	+0.0%
Expenses	$1,615,710	$1,642,014	0.0%
Net Income	$-191,288	$-231,067	-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

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

$66,870

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN WALKER	SECRETARY	5.0	Officer Director	$0	$0	$0
DONALD EVANS	TREASURER	5.0	Officer Director	$0	$0	$0
PATRICIA BARBER	PRESIDENT	10.0	Officer Director	$0	$0	$0
MARGARET A WOLFE	DIRECTOR	5.0	Director	$0	$0	$0
JOSEPHINE RIVERA	MANAGER	40.0	Officer	$50,907	$15,963	$66,870

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	$1,424,422	$1,615,710	$5,172,267	$-191,288
2024	$1,410,947	$1,642,014	$5,374,717	$-231,067
2023	$1,373,536	$1,579,709	$5,632,156	$-206,173
2022	$1,312,048	$1,422,792	$5,916,764	$-110,744
2021	$1,333,366	$1,236,899	$5,975,787	$96,467
2020	$1,356,234	$1,298,432	$5,888,338	$57,802
2019	$1,350,824	$1,292,664	$5,852,995	$58,160
2018	$1,382,782	$1,298,634	$5,825,763	$84,148

Desoto Towers Inc