SHADY PINES APARTMENTS INC (EIN 593547490) - 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

1998

Legal Domicile

Principal Officer

KEVIN MARRONE

Phone

7278214819

Tax Period

2023-07-01 to 2024-06-30

SHADY PINES APARTMENTS INC, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $51K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $72K exceeded revenue, resulting in a 42% 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.

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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 $31,290

Program Service Revenue $18,888

Investment Income $20

Other Revenue $384

TOTAL REVENUE $50,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,968

Fundraising Expenses $0

Program Expenses $49,869

Other Expenses $66,026

TOTAL EXPENSES $71,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,582	$57,119	-0.1%
Expenses	$71,994	$69,041	+0.0%
Net Income	$-21,412	$-11,922	+0.8%

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

$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	$50,582	$71,994	$278,006	$-21,412
2023	$57,119	$69,041	$276,841	$-11,922
2022	$49,709	$92,298	$278,624	$-42,589
2021	$50,471	$71,063	$280,804	$-20,592
2020	$52,124	$62,676	$297,136	$-10,552
2019	$49,332	$50,257	$308,556	$-925

SHADY PINES APARTMENTS INC