Azalea Terrace Inc (EIN 743071575) - 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

2004

Legal Domicile

Phone

9186876301

Tax Period

2025-01-01 to 2025-12-31

Azalea Terrace Inc, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $91K in total revenue in fiscal year 2025. Expenses of $121K exceeded revenue, resulting in a 34% operating deficit.

Mission

To provide elderly housing financed through the Section 202 program by the Department of Housing and Urban Development.

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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 (2025)

Revenue Breakdown

Contributions & Grants $19,665

Program Service Revenue $64,705

Investment Income $153

Other Revenue $6,020

TOTAL REVENUE $90,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,980

Fundraising Expenses $0

Program Expenses $102,489

Other Expenses $105,028

TOTAL EXPENSES $121,008

Year-over-Year Comparison

	2025	2024	Change
Revenue	$90,543	$90,797	0.0%
Expenses	$121,008	$130,840	-0.1%
Net Income	$-30,465	$-40,043	-0.2%

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

$103,317

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tara Goodman	Managing Agent	1.00	Officer	$0	$0	$103,317
Michelle Farris	Chairman	0.25	Officer	$0	$0	$0
Alice Smith	Vice Chairman	0.25	Officer	$0	$0	$0
Bonito Gay	Member	0.25	Director	$0	$0	$0
Martin Bebb	Member	0.25	Director	$0	$0	$0
Karen Cox	Member	0.25	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	$90,543	$121,008	$803,362	$-30,465
2024	$90,797	$130,840	$837,734	$-40,043
2023	$84,432	$122,795	$872,466	$-38,363
2022	$82,268	$124,569	$907,918	$-42,301
2021	$82,208	$121,021	$935,226	$-38,813
2020	$80,992	$106,654	$967,132	$-25,662

Azalea Terrace Inc