McCreary Apartments Inc (EIN 610966805) - 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

1976

Legal Domicile

Principal Officer

David Perry

Phone

6063765688

Tax Period

2023-01-01 to 2023-12-31

McCreary Apartments Inc, founded in 1976, is a small nonprofit in the Housing & Shelter sector that reported $331K in total revenue in fiscal year 2023.

Mission

Providing low-income housing

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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 $214,804

Program Service Revenue $109,012

Investment Income $7,239

Other Revenue $0

TOTAL REVENUE $331,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,117

Fundraising Expenses $0

Program Expenses $151,912

Other Expenses $156,975

TOTAL EXPENSES $343,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,055	$313,150	+0.1%
Expenses	$343,092	$300,600	+0.1%
Net Income	$-12,037	$12,550	-2.0%

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

N/A

Employees

Volunteers

N/A

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

$80,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Sewell	Manager	35.00	Director	$80,900	$0	$80,900
Ralph Blevins	Bd. Dir.	0.00	Director	$0	$0	$0
Karen Hatfield	Sec./Treas./Bd.Dir.	0.00	Officer Director	$0	$0	$0
David Perry	Pres./Bd. Dir.	0.00	Officer Director	$0	$0	$0
James O Strunk	V Pres/Bd. Dir.	0.00	Officer Director	$0	$0	$0
David Price	Bd. Dir.	0.00	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	No data	No data	No data	No data
2023	$331,055	$343,092	$629,788	$-12,037
2022	$313,150	$300,600	$642,539	$12,550
2021	$297,348	$303,117	$625,840	$-5,769
2020	$298,793	$318,860	$632,243	$-20,067
2019	$271,253	$266,416	$651,637	$4,837
2018	$216,662	$255,523	$644,824	$-38,861

McCreary Apartments Inc