CATHOLIC PRESBYTERIAN APARTMENTS INC (EIN 720686155) - 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

1969

Legal Domicile

Phone

2253835551

Tax Period

2024-01-01 to 2024-12-31

CATHOLIC PRESBYTERIAN APARTMENTS INC, founded in 1969, is a small nonprofit that reported $162K in total revenue in fiscal year 2024. Revenue surged 439% from the prior year, signaling strong growth momentum. The organization ran a surplus of $136K, a strong 84% operating margin.

Mission

The organization provides for miscellaneous supporting care and recreational needs of the tenants of a low income apartment complex for the elderly.

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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 $68,084

Investment Income $94,128

Other Revenue $0

TOTAL REVENUE $162,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,154

Other Expenses $26,154

TOTAL EXPENSES $26,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,212	$30,121	+4.4%
Expenses	$26,154	$28,153	-0.1%
Net Income	$136,058	$1,968	+68.1%

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

N/A

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
ROBERT OLSSON	Director	1.00	Director	$0	$0	$0
PAT KERR	Vice President	1.00	Officer Director	$0	$0	$0
STEVE HITT	Director	1.00	Director	$0	$0	$0
THOMAS ACOSTA JR	Treasurer	1.00	Officer Director	$0	$0	$0
SHAWN MILLS	Director	1.00	Director	$0	$0	$0
DEACON RANDALL WAGUESPACK	Director	1.00	Director	$0	$0	$0
KARIN SIMMONS	President	1.00	Officer Director	$0	$0	$0
HARRIET PERCY	Director	1.00	Director	$0	$0	$0
SYLVIA WINDER	Secretary	1.00	Officer Director	$0	$0	$0
RALPH STEPHENS	Director	1.00	Director	$0	$0	$0
BUDDY MORRIS	Director	1.00	Director	$0	$0	$0
RICK SPILLER	Director	1.00	Director	$0	$0	$0
DIANE LANDON	Executive Direc	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
2024	$162,212	$26,154	$1,324,015	$136,058
2023	$30,121	$28,153	$1,251,408	$1,968
2022	$132,297	$9,012	$1,178,039	$123,285
2021	$101,580	$5,536	$1,106,831	$96,044
2020	$272,410	$4,578	$1,006,675	$267,832

CATHOLIC PRESBYTERIAN APARTMENTS INC