WATSON STREET APARTMENTS INC (EIN 710559838) - 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

1982

Legal Domicile

Principal Officer

KEITH FAUGHT

Phone

4797502020

Tax Period

2022-07-01 to 2023-06-30

WATSON STREET APARTMENTS INC, founded in 1982, is a small nonprofit that reported $977K in total revenue in fiscal year 2022. Revenue surged 833% from the prior year, signaling strong growth momentum.

Mission

PROVIDES HUD APPROVED ADULT RESIDENTIAL HOUSING FOR THE ELDERLY AND PSYCHOLOGICALLY DISABLED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,956

Investment Income $957,936

Other Revenue $0

TOTAL REVENUE $976,892

Expense Breakdown

Grants Paid $1,017,822

Salaries & Benefits $8,280

Fundraising Expenses $0

Program Expenses $1,047,866

Other Expenses $40,115

TOTAL EXPENSES $1,066,217

Year-over-Year Comparison

	2022	2021	Change
Revenue	$976,892	$104,720	+8.3%
Expenses	$1,066,217	$67,581	+14.8%
Net Income	$-89,325	$37,139	-3.4%

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

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

$673,631

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA TYLER	CEO	1.0	Officer	$0	$20,898	$250,858
RUTH ALLISON DOVER	CHIEF LEGAL OFFICER	1.0	Officer	$0	$18,459	$204,347
WILLIAM M SCHEERER	CFO	1.0	Officer	$0	$16,073	$167,434
KEITH FAUGHT	CFO	1.0	Officer	$0	$0	$50,992
KEVIN HATFIELD	BOARD MEMBER	1.0	Director	$0	$0	$0
MIKE MORGENTHALER	BOARD MEMBER	1.0	Director	$0	$0	$0
DONNIE DAVIS	BOARD MEMBER	1.0	Director	$0	$0	$0
REBECCA JONES	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
FARRIS DEBOARD	BOARD MEMBER	1.0	Director	$0	$0	$0
CONNIE GARDNER	BOARD MEMBER	1.0	Director	$0	$0	$0
CHRISTOPHER R THORNTON	BOARD MEMBER	1.0	Director	$0	$0	$0
DAVID MCBEE	BOARD MEMBER	1.0	Director	$0	$0	$0
LYNN RUSSELL	BOARD MEMBER	1.0	Director	$0	$0	$0
JESSICA WITHROW	BOARD MEMBER	1.0	Director	$0	$0	$0
ELIZABETH KELLEY	BOARD MEMBER	1.0	Director	$0	$0	$0
ABBEY EDDY	BOARD MEMBER	1.0	Director	$0	$0	$0
ALICE HINES	BOARD MEMBER	1.0	Director	$0	$0	$0
CEDRIC WILLIAMS	BOARD MEMBER	1.0	Director	$0	$0	$0
CHARLIE CROSS	BOARD MEMBER	1.0	Director	$0	$0	$0
CLYDE E NOEL	BOARD MEMBER	1.0	Director	$0	$0	$0
DAVID WEST	BOARD MEMBER	1.0	Director	$0	$0	$0
DEWAYNE PHELAN	BOARD MEMBER	1.0	Director	$0	$0	$0
ERIC SMITH	BOARD MEMBER	1.0	Director	$0	$0	$0
FRANK JOHNSON	CHAIRMAN	1.0	Officer Director	$0	$0	$0
GARY HEAD	BOARD MEMBER	1.0	Director	$0	$0	$0
HAROLD PYLE	BOARD MEMBER	1.0	Director	$0	$0	$0
HAYWARD FINKS JR	BOARD MEMBER	1.0	Director	$0	$0	$0
HENRY TORRES	BOARD MEMBER	1.0	Director	$0	$0	$0
HERB WASHINGTON	BOARD MEMBER	1.0	Director	$0	$0	$0
JACKIE BRASHEARS	BOARD MEMBER	1.0	Director	$0	$0	$0
JEANIE HILL	BOARD MEMBER	1.0	Director	$0	$0	$0
JEANNIE TINDALL	BOARD MEMBER	1.0	Director	$0	$0	$0
JERRI SKAGGS	BOARD MEMBER	1.0	Director	$0	$0	$0
JERROD SANDEFUR	BOARD MEMBER	1.0	Director	$0	$0	$0
JULIA FROST	BOARD MEMBER	1.0	Director	$0	$0	$0
KENNY WYATT	BOARD MEMBER	1.0	Director	$0	$0	$0
KEVIN MOLDER	BOARD MEMBER	1.0	Director	$0	$0	$0
LEIGH ANN WRIGHT	BOARD MEMBER	1.0	Director	$0	$0	$0
LORI ROSS	BOARD MEMBER	1.0	Director	$0	$0	$0
LUCILLA GARRETT	BOARD MEMBER	1.0	Director	$0	$0	$0
MARCIA HARDING	BOARD MEMBER	1.0	Director	$0	$0	$0
MARIBEL ROGERS	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
MARSHA JONES	BOARD MEMBER	1.0	Director	$0	$0	$0
MIKE NEWMAN	BOARD MEMBER	1.0	Director	$0	$0	$0
PAIGE CATT	BOARD MEMBER	1.0	Director	$0	$0	$0
PAUL DIELMANN	BOARD MEMBER	1.0	Director	$0	$0	$0
REGINA BURKETT	BOARD MEMBER	1.0	Director	$0	$0	$0
RHONDA HODGES	BOARD MEMBER	1.0	Director	$0	$0	$0
ROBERT YOUNG	BOARD MEMBER	1.0	Director	$0	$0	$0
ROSE JONES	BOARD MEMBER	1.0	Director	$0	$0	$0
RUTH PROVOST	BOARD MEMBER	1.0	Director	$0	$0	$0
SHARON SPURLIN	BOARD MEMBER	1.0	Director	$0	$0	$0
TERESA VAUGHAN	BOARD MEMBER	1.0	Director	$0	$0	$0
BECKY HALL	BOARD MEMBER	1.0	Director	$0	$0	$0
REBECCA HARTSFIELD	BOARD MEMBER	1.0	Director	$0	$0	$0
CANDRA BRASEL	BOARD MEMBER	1.0	Director	$0	$0	$0
JAN ZIEGLER	BOARD MEMBER	1.0	Director	$0	$0	$0
MARVIN STEELE	BOARD MEMBER	1.0	Director	$0	$0	$0
MELISSA PIERCE	BOARD MEMBER	1.0	Director	$0	$0	$0
TIMOTHY HARNESS	BOARD MEMBER	1.0	Director	$0	$0	$0
VIXEN JAMES	BOARD MEMBER	1.0	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
2023	$976,892	$1,066,217	No data	$-89,325

WATSON STREET APARTMENTS INC