EVERGREEN APARTMENTS INC (EIN 621592403) - 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

1994

Principal Officer

PAM BRATCHER

Phone

7315873186

Tax Period

2023-07-01 to 2024-06-30

EVERGREEN APARTMENTS INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $117K in total revenue in fiscal year 2023. Expenses of $157K exceeded revenue, resulting in a 35% operating deficit.

Mission

APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, FOR LOW- INCOME, HANDICAPPED, AND ELDERLY PERSONS

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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 $49,288

Program Service Revenue $66,558

Investment Income $2

Other Revenue $896

TOTAL REVENUE $116,744

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,001

Fundraising Expenses $0

Program Expenses $134,400

Other Expenses $146,396

TOTAL EXPENSES $157,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,744	$115,576	+0.0%
Expenses	$157,397	$151,505	+0.0%
Net Income	$-40,653	$-35,929	+0.1%

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
JANET ELLIOTT	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
DEE PRITCHETT	COMMISIONER	N/A	Officer Director	$0	$0	$0
JOYCE WASHINGTON	CHAIRMAN	N/A	Officer Director	$0	$0	$0
COLIN JOHNSON	COMMISSIONER	N/A	Officer Director	$0	$0	$0
ROBB NEWBILL	COMMISSIONER	N/A	Officer Director	$0	$0	$0
PAM BRATCHER	EXECUTIVE DI	N/A	Officer	$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	$116,744	$157,397	$541,565	$-40,653
2023	$115,576	$151,505	$576,213	$-35,929
2022	$115,429	$142,925	$624,603	$-27,496
2021	$115,453	$121,554	$644,980	$-6,101
2020	$114,860	$127,808	$651,449	$-12,948
2019	$119,735	$131,458	$668,343	$-11,723
2018	$115,159	$139,383	$683,130	$-24,224

EVERGREEN APARTMENTS INC