TALLADEGA PRESBYTERIAN APARTMENTS … - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

DR JIMMY DAVIS

Phone

2059331020

Tax Period

2024-04-01 to 2025-03-31

TALLADEGA PRESBYTERIAN APARTMENTS INC, founded in 1985, is a small nonprofit that reported $506K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $487K left a modest 4% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING OPPORTUNITIES FOR THE ELDERLY OF TALLADEGA, ALABAMA.

Program Service Accomplishments

Program 1

Expenses: $449,024 Revenue: $505,448

PROVIDED LOW INCOME HOUSING OPPORTUNITIES FOR THE ELDERLY POPULATION OF TALLADEGA, ALABAMA.

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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 $505,448

Investment Income $595

Other Revenue $0

TOTAL REVENUE $506,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,052

Fundraising Expenses $0

Program Expenses $449,024

Other Expenses $406,645

TOTAL EXPENSES $486,697

Year-over-Year Comparison

	2024	2023	Change
Revenue	$506,043	$538,577	-0.1%
Expenses	$486,697	$473,385	+0.0%
Net Income	$19,346	$65,192	-0.7%

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

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
DR JIMMY DAVIS	PRESIDENT	5.00	Officer Director	$0	$0	$0
CATHE JACOBS	BOARD MEMBER	0.00	Director	$0	$0	$0
DEDE ELLIOT	BOARD MEMBER	0.00	Director	$0	$0	$0
LEEANN SCARBROUGH	BOARD MEMBER	0.00	Director	$0	$0	$0
DALE WALLER	BOARD MEMBER	0.00	Director	$0	$0	$0
MILLIE CHASTAIN	BOARD MEMBER	0.00	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	$506,043	$486,697	$583,157	$19,346
2024	$538,577	$473,385	$634,094	$65,192
2023	$515,343	$469,522	$637,261	$45,821
2022	$515,652	$450,530	$642,458	$65,122
2021	$502,643	$439,236	$631,924	$63,407
2020	$499,265	$436,105	$621,695	$63,160

TALLADEGA PRESBYTERIAN APARTMENTS INC