SERENITY APARTMENTS INC

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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

1999

Legal Domicile

Principal Officer

JOHN COLE

Phone

8599772501

Tax Period

2022-07-01 to 2023-06-30

SERENITY APARTMENTS INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $470K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 25% operating margin.

Mission

TO PROVIDE RECOVERY HOUSING AND SUPPORTIVE SERVICES FOR WOMEN WITH SUBSTANCE USE DISORDERS.

Program Service Accomplishments

Program 1

Expenses: $323,173 Revenue: $89,169

TO PROVIDE RECOVERY HOUSING AND SUPPORTIVE SERVICES FOR WOMEN WITH SUBSTANCE USE DISORDERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $381,167

Program Service Revenue $89,169

Investment Income $14

Other Revenue $0

TOTAL REVENUE $470,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $323,173

Other Expenses $352,246

TOTAL EXPENSES $352,246

Year-over-Year Comparison

	2022	2021	Change
Revenue	$470,350	$378,896	+0.2%
Expenses	$352,246	$370,883	-0.1%
Net Income	$118,104	$8,013	+13.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL VAUGHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB MAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN COLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDY KARNS	TREASURER	1.00	Officer Director	$0	$0	$0
EILEEN O'BRIEN	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2023	$470,350	$352,246	$2,106,687	$118,104
2022	$378,896	$370,883	$2,075,097	$8,013
2021	$355,255	$325,142	$2,149,511	$30,113
2020	$1,241,749	$293,799	$2,242,724	$947,950
2019	$320,484	$286,869	$2,297,398	$33,615