CENTERS RESI-SERV INC ACORN TRACE APARTMENTS (EIN 591906179) - 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

1979

Legal Domicile

Principal Officer

Harriet Stone

Phone

8139779093

Tax Period

2024-01-01 to 2024-12-31

CENTERS RESI-SERV INC ACORN TRACE APARTMENTS, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

To provide elderly and handicapped low income housing in the Tampa, Florida area.

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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 $1,157,445

Program Service Revenue $327,295

Investment Income $257

Other Revenue $2,495

TOTAL REVENUE $1,487,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $674,873

Fundraising Expenses $0

Program Expenses $1,193,972

Other Expenses $900,328

TOTAL EXPENSES $1,575,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,487,492	$1,604,214	-0.1%
Expenses	$1,575,201	$1,409,693	+0.1%
Net Income	$-87,709	$194,521	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Van Matre	office manager	40.00		$132,670	$0	$132,670
Michael Van Matre	facility superv	40.00		$126,216	$0	$126,216
Harriet Stone	President	1.00	Officer Director	$0	$0	$0
Jan Dean	Secretary	1.00	Officer Director	$0	$0	$0
Arthur Green	Director	1.00	Director	$0	$0	$0
Kate Murray	Director	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
2024	$1,487,492	$1,575,201	$727,002	$-87,709
2023	$1,604,244	$1,679,693	$969,300	$-75,449

CENTERS RESI-SERV INC ACORN TRACE APARTMENTS