BRANDON APARTMENTS INC (EIN 593621942) - 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

2000

Legal Domicile

Principal Officer

STEVEN WELCH

Phone

8132398064

Tax Period

2024-01-01 to 2024-12-31

BRANDON APARTMENTS INC, founded in 2000, is a small nonprofit in the Mental Health sector that reported $141K in total revenue in fiscal year 2024. Expenses of $186K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO PROVIDE SUPPORTIVE HOUSING TO LOW-INCOME INDIVIDUALS WITH DISABILITIES.

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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 $92,072

Program Service Revenue $48,603

Investment Income $377

Other Revenue $23

TOTAL REVENUE $141,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,688

Fundraising Expenses $0

Program Expenses $155,044

Other Expenses $157,233

TOTAL EXPENSES $185,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$141,075	$144,415	0.0%
Expenses	$185,921	$175,296	+0.1%
Net Income	$-44,846	$-30,881	+0.5%

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

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

$895,924

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID TARABOCCHIA	TREASURER/SECRETARY	1.00	Director	$0	$0	$0
JENNIFER BOSSON	VICE CHAIR	1.00	Director	$0	$0	$0
EDI ERB	CHAIR	1.00	Director	$0	$0	$0
CAROLYN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JASON SUMERAU	DIRECTOR	1.00	Director	$0	$0	$0
ROAYA TYSON	CEO	1.00	Officer	$0	$38,719	$417,753
STEVEN WELCH	CFO	1.00	Officer	$0	$38,395	$359,112
SUSAN MORGAN	CHIEF DEVELOPMENT AND COMMUNICATIONS OFFICER	1.00	Officer	$0	$32,014	$119,059

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	$141,075	$185,921	$841,901	$-44,846
2023	$144,415	$175,296	$884,695	$-30,881
2022	$143,375	$184,038	$904,448	$-40,663
2021	$144,213	$194,993	$942,958	$-50,780
2020	$143,651	$185,989	$976,094	$-42,338
2019	$143,803	$191,149	$1,033,473	$-47,346
2018	$135,112	$187,096	$1,069,761	$-51,984

BRANDON APARTMENTS INC