ETL APARTMENTS INC (EIN 611383799) - 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

2001

Legal Domicile

Principal Officer

PORTER G PEEPLES

Phone

8592546212

Tax Period

2024-01-01 to 2024-12-31

ETL APARTMENTS INC, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $63K in total revenue in fiscal year 2024. Expenses of $61K left a modest 3% surplus.

Mission

TO DEVELOP & BUILD A 7-UNIT APT BUILDING FOR THE LOW-INCOME ELDERLY

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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 $59,640

Investment Income $3

Other Revenue $3,000

TOTAL REVENUE $62,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,086

Other Expenses $60,649

TOTAL EXPENSES $60,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,643	$63,158	0.0%
Expenses	$60,649	$59,989	+0.0%
Net Income	$1,994	$3,169	-0.4%

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
PORTER G PEEPLES SR	PRESIDENT	2.00	Officer Director	$0	$0	$0
DENISE BROWN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN LOGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KEITH JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
EBONY WILLIAMS	BOARD MEMBER	2.00	Director	$0	$0	$0
ABDUL MUHAMMAD	BOARD MEMBER	2.00	Director	$0	$0	$0
RAYMOND SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERRY FIELDS	BOARD MEMBER	2.00	Director	$0	$0	$0
TASHA WHITE	BOARD MEMBER	2.00	Director	$0	$0	$0
LARRY FORESTER	BOARD MEMBER	2.00	Director	$0	$0	$0
TIMOTHY ELLERY	BOARD MEMBER	2.00	Director	$0	$0	$0
NORMAN FRANKLIN	BOARD MEMBER	2.00	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	$62,643	$60,649	$387,963	$1,994
2023	$63,158	$59,989	$392,903	$3,169
2022	$56,378	$66,011	$402,582	$-9,633
2021	$51,590	$65,186	$414,132	$-13,596
2020	$50,417	$60,713	$421,402	$-10,296

ETL APARTMENTS INC