FOREST MEADOW APARTMENTS INC (EIN 593212721) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

KEVIN MARRONE

Phone

7278214819

Tax Period

2023-07-01 to 2024-06-30

FOREST MEADOW APARTMENTS INC, founded in 1993, is a micro nonprofit in the Housing & Shelter sector that reported $97K in total revenue in fiscal year 2023. Expenses of $123K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE HOUSING TO INDIVIDUALS WITH CHRONIC MENTAL ILLNESS WHO ARE CLIENTS OF BOLEY CENTERS INC., A RELATED 501(C)(3) ORGANIZATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $43,353

Program Service Revenue $53,335

Investment Income $27

Other Revenue $678

TOTAL REVENUE $97,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,726

Fundraising Expenses $0

Program Expenses $94,986

Other Expenses $114,159

TOTAL EXPENSES $122,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$97,393	$98,894	0.0%
Expenses	$122,885	$139,832	-0.1%
Net Income	$-25,492	$-40,938	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$626,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MARRONE	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$7,322	$215,936
MICHELLE JOSEPH	CHIEF FINANCIAL OFFICER	10.00	Officer	$0	$13,810	$195,576
JACK HUMBURG	CHIEF OPERATING OFFICER	0.50	Officer	$0	$0	$122,081
MARCY MCMATH	CHIEF CLINICAL OFFICER	10.00	Officer	$0	$10,635	$92,919
ANTONIO HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH STRINGER	DIRECTOR	0.50	Director	$0	$0	$0
MARKUS HUGHES	DIRECTOR	0.50	Director	$0	$0	$0
MARKUS MITTENMAYR	DIRECTOR	0.50	Director	$0	$0	$0
MARTIN T LOTT	DIRECTOR	0.50	Director	$0	$0	$0
PAUL MISIEWICZ	DIRECTOR	0.50	Director	$0	$0	$0
RUTLAND BUSSEY	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN PROCTOR	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$97,393	$122,885	$408,633	$-25,492
2023	$98,894	$139,832	$441,023	$-40,938
2022	$97,605	$113,674	$472,930	$-16,069
2021	$147,172	$106,615	$458,254	$40,557
2020	$96,161	$115,551	$415,284	$-19,390
2019	$87,310	$97,195	$432,150	$-9,885

FOREST MEADOW APARTMENTS INC