BANNERMAN APARTMENTS (EIN 640745739) - 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

1984

Legal Domicile

Principal Officer

HENRY REED

Phone

6019486401

Tax Period

2024-04-01 to 2025-03-31

BANNERMAN APARTMENTS, founded in 1984, is a small nonprofit that reported $256K in total revenue in fiscal year 2024. Expenses of $228K left a modest 11% surplus.

Mission

RENTAL OF AFFORDABLE HOUSING TO LOW-INCOME TENANTS.

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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 $256,375

Investment Income $67

Other Revenue $0

TOTAL REVENUE $256,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,153

Fundraising Expenses $0

Program Expenses $227,999

Other Expenses $156,846

TOTAL EXPENSES $227,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,442	$239,969	+0.1%
Expenses	$227,999	$216,802	+0.1%
Net Income	$28,443	$23,167	+0.2%

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

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
HENRY REED	PRESIDENT	1.00	Officer Director	$0	$0	$0
HOWARD AUSTIN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MACARTHUR MILLER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ADMIRAL LYDDELL	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CALVIN BEASLEY	BOARD DIRECTOR	1.00	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	$256,442	$227,999	$353,371	$28,443
2024	$239,969	$216,802	$357,985	$23,167
2023	$234,385	$208,722	$370,930	$25,663
2022	$230,366	$194,258	$363,228	$36,108
2021	$228,904	$187,082	$352,603	$41,822
2020	$221,924	$201,209	$337,881	$20,715
2019	$219,286	$211,868	$339,172	$7,418

BANNERMAN APARTMENTS