MEADOW BROOK APARTMENTS (EIN 742989632) - 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

2000

Legal Domicile

Principal Officer

CAROL WHITE

Phone

2105310577

Tax Period

2023-07-01 to 2024-06-30

MEADOW BROOK APARTMENTS, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $174K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Net assets of $806K represent 55 months of operating reserves.

Mission

HUD SUBSIDIZED APARTMENT PROGRAM PROVIDING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES EXCLUSIVELY FOR ADULTS WITH DEVELOPMENTAL DISABILITES.

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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 $0

Program Service Revenue $173,903

Investment Income $573

Other Revenue $0

TOTAL REVENUE $174,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,539

Fundraising Expenses $0

Program Expenses $167,539

Other Expenses $136,191

TOTAL EXPENSES $190,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,476	$187,832	-0.1%
Expenses	$190,730	$206,553	-0.1%
Net Income	$-16,254	$-18,721	-0.1%

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

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

$111,138

Total Directors

$257,656

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KNOX M PITTS II	CHAIRMAN	0.50	Officer Director	$0	$0	$0
LORA BUTLER	MEMBER	1.00	Director	$0	$0	$146,518
JAN HAMMER	MEMBER	0.50	Director	$0	$0	$0
BEVERLY BARSHOP	DIRECTOR	0.50	Director	$0	$0	$0
CAROL WHITE	SECRETARY	1.00	Officer Director	$0	$0	$111,138

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	No data	No data	No data	No data
2024	$174,476	$190,730	$821,051	$-16,254
2023	$187,832	$206,553	$838,232	$-18,721
2022	$143,429	$198,860	$870,478	$-55,431
2021	$154,316	$207,076	$907,758	$-52,760
2020	$155,247	$190,737	$955,855	$-35,490
2019	$180,384	$185,404	$1,006,327	$-5,020
2018	$172,638	$206,730	$1,021,720	$-34,092

MEADOW BROOK APARTMENTS