HAGAN-TRABUE APARTMENTS INC (EIN 611292200) - 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

1995

Legal Domicile

Principal Officer

CURTIS THRUSH

Phone

5025893030

Tax Period

2024-04-01 to 2025-03-31

HAGAN-TRABUE APARTMENTS INC, founded in 1995, is a micro nonprofit in the Housing & Shelter sector that reported $80K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $97K exceeded revenue, resulting in a 21% operating deficit.

Mission

HAGAN-TRABUE APARTMENTS, INC. WAS FORMED TO PROVIDE HOUSING FACILITIES, MAINTAINED AND OPERATED ON A CHARITABLE AND NON-PROFIT BASIS. SPECIFICALLY, THE ORGANIZATION HAS CONSTRUCTED A 10-UNIT APARTMENT COMPLEX TO HOUSE HANDICAPPED INDIVIDUALS.

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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 $0

Program Service Revenue $79,980

Investment Income $48

Other Revenue $0

TOTAL REVENUE $80,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,172

Other Expenses $97,070

TOTAL EXPENSES $97,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,028	$139,082	-0.4%
Expenses	$97,070	$155,853	-0.4%
Net Income	$-17,042	$-16,771	+0.0%

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

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

$115,155

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURTIS THRUSH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY BODINE	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH DOANE	DIRECTOR	1.00	Director	$0	$0	$0
PENELOPE BAKER	DIRECTOR	1.00	Director	$0	$0	$0
LINDA HOUSE	EXECUTIVE DIRECTOR	5.00	Officer	$0	$0	$115,155

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	$80,028	$97,070	$289,931	$-17,042
2024	$139,082	$155,853	$306,473	$-16,771
2023	$62,510	$77,455	$321,233	$-14,945
2022	$66,049	$84,296	$337,979	$-18,247
2021	$68,316	$81,335	$347,254	$-13,019
2020	$62,945	$83,197	$365,223	$-20,252
2019	$55,474	$75,397	$376,464	$-19,923

HAGAN-TRABUE APARTMENTS INC