MILLS CENTER APARTMENTS INC (EIN 621679142) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Principal Officer

C CARL SCHULTZ

Phone

5012800037

Tax Period

2024-07-01 to 2025-06-30

MILLS CENTER APARTMENTS INC, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $81K in total revenue in fiscal year 2017. Expenses of $131K exceeded revenue, resulting in a 63% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING FOR PERSONS WITH DISABILITIES IN SEARCY, ARKANSAS BASED ON THE REQUIREMENTS ESTABLISHED BY THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $216,000

Investment Income $147

Other Revenue $0

TOTAL REVENUE $216,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,176

Fundraising Expenses $0

Program Expenses $144,672

Other Expenses $155,776

TOTAL EXPENSES $191,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,147	$156,902	+0.4%
Expenses	$191,952	$178,851	+0.1%
Net Income	$24,195	$-21,949	-2.1%

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
C CARL SCHULTZ	PRESIDENT	N/A	Officer Director	$0	$0	$0
CYNTHIA WHEELER	SECRETARY	N/A	Officer Director	$0	$0	$0
JEFFREY OWENS	TREASURER	N/A	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	$216,147	$191,952	$525,821	$24,195
2024	$156,902	$178,851	$484,184	$-21,949
2023	$143,252	$161,927	$503,890	$-18,675
2022	$132,898	$166,780	$517,822	$-33,882
2021	$120,310	$166,517	$559,840	$-46,207
2020	$103,936	$146,026	$599,741	$-42,090
2019	$68,608	$102,049	$638,094	$-33,441
2018	$80,619	$131,415	$673,990	$-50,796

MILLS CENTER APARTMENTS INC