LEVI TOWERS INC

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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

2012

Legal Domicile

Principal Officer

GARY LAX

Phone

5016238419

Tax Period

2023-10-01 to 2024-09-30

LEVI TOWERS INC, founded in 2012, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 10% surplus.

Mission

OPERATION OF LOW INCOME, ELDERLY HOUSING PROJECT IN HOT SPRINGS, ARKANSAS.

Program Service Accomplishments

Program 1

Expenses: $913,180 Revenue: $1,270,464

LEVI TOWERS, INC. (THE PROJECT) IS A NONPROFIT CORPORATION THAT OPERATES A LOW INCOME, ELDERLY HOUSING PROJECT IN HOT SPRINGS, ARKANSAS. THE PROJECT CONSISTS OF 102 APARTMENTS AND WAS REFINANCED...

LEVI TOWERS, INC. (THE PROJECT) IS A NONPROFIT CORPORATION THAT OPERATES A LOW INCOME, ELDERLY HOUSING PROJECT IN HOT SPRINGS, ARKANSAS. THE PROJECT CONSISTS OF 102 APARTMENTS AND WAS REFINANCED UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED, AND IS ADMINISTERED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT IS ALSO SUBJECT TO A SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENT WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECTS RENTAL INCOME IS RECEIVED FROM HUD.

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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 $842,036

Program Service Revenue $420,372

Investment Income $1,774

Other Revenue $6,282

TOTAL REVENUE $1,270,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $913,180

Other Expenses $1,141,476

TOTAL EXPENSES $1,141,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,270,464	$1,247,882	+0.0%
Expenses	$1,141,476	$1,150,100	0.0%
Net Income	$128,988	$97,782	+0.3%

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
GARY LAX	President	1.00	Officer Director	$0	$0	$0
SUSAN SIEGEL	Secretary	1.00	Officer Director	$0	$0	$0
MARK FLEISCHNER	Director	1.00	Director	$0	$0	$0
GAIL GREENBERG	Director	1.00	Director	$0	$0	$0
JOYCE L CRAFT	Director	1.00	Director	$0	$0	$0
MILLIE BARON STOYANOV	Director	1.00	Director	$0	$0	$0
FRAN REPHAN	Director	1.00	Director	$0	$0	$0
CAROLYN JOHNSON	Director	1.00	Director	$0	$0	$0
CAROLYN JACKSON	Prop. Manager	5.00	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	$1,270,464	$1,141,476	$2,869,644	$128,988
2023	$1,247,882	$1,150,100	$2,963,638	$97,782
2022	$1,243,957	$1,093,302	$3,014,794	$150,655
2021	$1,204,464	$1,103,124	$3,031,646	$101,340
2020	$1,155,957	$1,076,277	$3,099,528	$79,680
2019	$1,138,880	$1,025,141	$3,184,243	$113,739
2018	$1,094,061	$993,904	$3,215,374	$100,157