Olive Avenue Apartments Inc (EIN 680373721) - 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

1996

Legal Domicile

Principal Officer

CHRIS KUGHN

Phone

4152581800

Tax Period

2023-07-01 to 2024-06-30

Olive Avenue Apartments Inc, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $223K in total revenue in fiscal year 2023. Expenses of $250K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING FOR HANDICAPPED 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 $140,875

Program Service Revenue $80,729

Investment Income $1,217

Other Revenue $0

TOTAL REVENUE $222,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,584

Fundraising Expenses $0

Program Expenses $221,476

Other Expenses $196,219

TOTAL EXPENSES $249,803

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,821	$213,985	+0.0%
Expenses	$249,803	$200,383	+0.2%
Net Income	$-26,982	$13,602	-3.0%

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
CATHY MACY	Secretary	0.10	Officer Director	$0	$0	$0
CLARICE VELOSO-LUGO	Director	0.10	Director	$0	$0	$0
VINCE HAGHIRI	Director	0.10	Director	$0	$0	$0
CHRIS KUGHN	President	0.10	Officer Director	$0	$0	$0
STAN MOORE	Treasurer	0.10	Officer Director	$0	$0	$0
ROWAN SMITH	Director	0.10	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	$222,821	$249,803	$1,281,074	$-26,982
2023	$213,985	$200,383	$1,296,436	$13,602
2022	$196,492	$232,169	$1,282,545	$-35,677
2021	$180,833	$199,007	$1,321,226	$-18,174
2020	$167,448	$228,887	$1,337,639	$-61,439
2019	$153,497	$177,381	$1,397,813	$-23,884

Olive Avenue Apartments Inc