MANGUM GOLDEN AGE APARTMENTS INC (EIN 731072591) - 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

1980

Legal Domicile

Principal Officer

Codi Gutierrez

Phone

8174882077

Tax Period

2024-10-01 to 2025-09-30

MANGUM GOLDEN AGE APARTMENTS INC, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $487K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $452K left a modest 7% surplus.

Mission

HUD REGULATED LOW INCOME HOUSING PROJECT FOR THE ELDERLY OR HANDICAPPED.

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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 $486,769

Investment Income $349

Other Revenue $0

TOTAL REVENUE $487,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,661

Fundraising Expenses $0

Program Expenses $451,733

Other Expenses $327,072

TOTAL EXPENSES $451,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$487,118	$448,139	+0.1%
Expenses	$451,733	$441,742	+0.0%
Net Income	$35,385	$6,397	+4.5%

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
Codi Gutierrez	President	1.00	Officer Director	$0	$0	$0
CHRIS BERRY	Vice President	1.00	Officer Director	$0	$0	$0
Jennifer Paxton	Secretary	1.00	Officer Director	$0	$0	$0
Tabitha Martin	Treasurer	1.00	Officer Director	$0	$0	$0
Brenda Dreyer	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	$487,118	$451,733	$1,355,541	$35,385
2024	$448,139	$441,742	$1,100,868	$6,397
2023	$403,831	$412,477	$1,134,673	$-8,646
2022	$391,601	$426,511	$1,119,895	$-34,910
2021	$414,937	$391,475	$1,009,203	$23,462
2020	$397,441	$413,657	$1,369,379	$-16,216
2018	$375,096	$347,683	$158,986	$27,413

MANGUM GOLDEN AGE APARTMENTS INC