WESTBROOKE APARTMENTS INC (EIN 611228613) - 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

1992

Legal Domicile

Principal Officer

RODNEY BALLENGER

Phone

2703434740

Tax Period

2023-07-01 to 2024-06-30

WESTBROOKE APARTMENTS INC, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $133K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $175K exceeded revenue, resulting in a 32% operating deficit.

Mission

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 $0

Program Service Revenue $135,937

Investment Income $-15,812

Other Revenue $12,409

TOTAL REVENUE $132,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,312

Fundraising Expenses $0

Program Expenses $151,543

Other Expenses $133,723

TOTAL EXPENSES $175,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,534	$148,429	-0.1%
Expenses	$175,035	$174,373	+0.0%
Net Income	$-42,501	$-25,944	+0.6%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY BALLENGER	CHAIR	1.00	Officer Director	$0	$0	$0
BRUCE BROWN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRENDA RUSSEL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOHN ENGLE	MEMBER	1.00	Director	$0	$0	$0
EDDIE GLOVER	MEMBER	1.00	Director	$0	$0	$0
RODNEY CASADA	MEMBER	1.00	Director	$0	$0	$0
LAVONNA PHELPS	MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$132,534	$175,035	$567,067	$-42,501
2023	$148,429	$174,373	$602,443	$-25,944
2022	$141,566	$156,301	$636,649	$-14,735
2021	$135,358	$159,045	$637,206	$-23,687

WESTBROOKE APARTMENTS INC