FORTY-TWO PLACE INC (EIN 742007140) - 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

1971

Legal Domicile

Principal Officer

WARREN MAUPIN

Phone

2547187347

Tax Period

2023-10-01 to 2024-09-30

FORTY-TWO PLACE INC, founded in 1971, is a small nonprofit that reported $322K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY IN THE COMMUNITY THAT NEED ASSISTANCE.

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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 $90,868

Program Service Revenue $231,463

Investment Income $2

Other Revenue $0

TOTAL REVENUE $322,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,382

Fundraising Expenses $0

Program Expenses $232,714

Other Expenses $291,251

TOTAL EXPENSES $316,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,333	$279,787	+0.2%
Expenses	$316,633	$364,383	-0.1%
Net Income	$5,700	$-84,596	-1.1%

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

Employees

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
WARREN MAUPIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEREMY CLAWSON	SECRETARY	2.00	Officer Director	$0	$0	$0
LIONEL AVILES	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
2024	$322,333	$316,633	$244,278	$5,700
2023	$279,787	$364,383	$251,099	$-84,596
2022	$273,181	$325,735	$350,628	$-52,554
2021	$254,511	$266,183	$324,719	$-11,672
2020	$265,985	$260,103	$356,604	$5,882
2019	$247,019	$260,766	$384,154	$-13,747
2018	$248,514	$265,484	$417,384	$-16,970

FORTY-TWO PLACE INC