UPARC APARTMENTS INC

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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

1987

Legal Domicile

Principal Officer

TRAVIS FINCHUM

Phone

7277993330

Tax Period

2023-10-01 to 2024-09-30

UPARC APARTMENTS INC, founded in 1987, is a small nonprofit in the Human Services sector that reported $148K in total revenue in fiscal year 2023. Expenses of $140K left a modest 5% surplus.

Mission

TO ENHANCE THE DIGNITY AND INDEPENDENCE OF DEVELOPMENTALLY DISABLED PERSONS LIVING IN THE UPPER PINELLAS COUNTY AREA.(CONTINUED ON SCHEDULE O)WE ARE DEDICATED TO ENABLING PERSONS WITH DISABILITIES TO LIVE MORE INDEPENDENTLY SO THEY MAY REALIZE THEIR GOAL TO LIVE, WORK AND BE PRODUCTIVE MEMBERS OF THEIR CHOSEN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $134,853 Revenue: $101,598

THE ORGANIZATION OPERATES A 25-UNIT APARTMENT COMPLEX FOR THE DISABLED LOCATED IN CLEARWATER, FLORIDA. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE HOUSING ACT AND IS REGULATED BY THE U.S...

THE ORGANIZATION OPERATES A 25-UNIT APARTMENT COMPLEX FOR THE DISABLED LOCATED IN CLEARWATER, FLORIDA. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE HOUSING ACT AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.THIS PROGRAM IS STRUCTURED TO SUPPORT RESIDENTS IN DEVELOPING THE NECESSARY SKILLS FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO LIVE INDEPENDENTLY IN THE COMMUNITY. AS PART OF THE PROGRAM, THE RESIDENTS ARE PROVIDED WEEKLY EDUCATION IN SAFETY AND SOCIAL SKILLS, HEALTH AND NUTRITION, JOB SKILL TRAINING, AND PERSONAL BUDGETING. ALL PARTICIPANTS ARE REQUIRED TO EITHER WORK, ACTIVELY BE SEEKING EMPLOYMENT, OR VOLUNTEER WEEKLY.

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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 $45,970

Program Service Revenue $101,598

Investment Income $130

Other Revenue $0

TOTAL REVENUE $147,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,853

Other Expenses $140,315

TOTAL EXPENSES $140,315

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,698	$147,008	+0.0%
Expenses	$140,315	$134,860	+0.0%
Net Income	$7,383	$12,148	-0.4%

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

$289,857

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN HELLER	PRESIDENT	0.50	Officer Director	$0	$0	$0
TRAVIS FINCHUM	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ROBERT KINNEY	TREASURER	0.50	Officer Director	$0	$0	$0
KEVIN KENNEY	SECRETARY	0.50	Officer Director	$0	$0	$0
RICHARD SCHOMP	IMMEDIATE PAST PRESIDENT	0.50	Director	$0	$0	$0
KARALIA BALDWIN	DIRECTOR	0.50	Director	$0	$0	$0
RICKY BOUCHARD	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER BROOKS	DIRECTOR	0.50	Director	$0	$0	$0
MELODY FIGURSKI	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN HOLCOMBE	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES JEFF JOYNER	DIRECTOR	0.50	Director	$0	$0	$0
MARGARET MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
PAMELA MOORE	DIRECTOR	0.50	Director	$0	$0	$0
GRACE SAMARKOS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN SCHAEFER	DIRECTOR	0.50	Director	$0	$0	$0
GREGORY STOCK	DIRECTOR	0.50	Director	$0	$0	$0
SHAUN BEASLEY	DIRECTOR	0.50	Director	$0	$0	$0
JOHN GREENE	DIRECTOR	0.50	Director	$0	$0	$0
MARY LYNNE HAWKINS	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN SIRACUSA	EXECUTIVE DIRECTOR	1.00	Officer	$0	$22,533	$163,556
JENNIFER PELLEGRINO	ASSOCIATE EXECUTIVE DIRECTOR	1.00	Officer	$0	$4,398	$126,301

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	No data	No data	No data	No data
2024	$147,698	$140,315	$739,519	$7,383
2023	$147,008	$134,860	$756,558	$12,148
2022	$138,833	$130,490	$771,456	$8,343
2021	$138,390	$133,797	$786,940	$4,593
2020	$137,152	$153,735	$806,030	$-16,583
2019	$142,128	$155,756	$838,436	$-13,628
2018	$131,108	$158,906	$878,293	$-27,798