FIRST CHRISTIAN TOWERS OF PLAINVIEW INC (EIN 751420568) - 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

1972

Legal Domicile

Principal Officer

GREGORY CRONHOLM

Phone

8062932350

Tax Period

2023-10-01 to 2024-09-30

FIRST CHRISTIAN TOWERS OF PLAINVIEW INC, founded in 1972, is a small nonprofit that reported $331K in total revenue in fiscal year 2023. Expenses of $294K left a modest 11% surplus.

Mission

PROVIDE AFFORDABLE HOUSING FOR LOW INCOME ELDERLY INDIVIDUALS

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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 $330,284

Investment Income $746

Other Revenue $0

TOTAL REVENUE $331,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,353

Fundraising Expenses $0

Program Expenses $265,746

Other Expenses $202,593

TOTAL EXPENSES $293,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,030	$308,638	+0.1%
Expenses	$293,946	$289,897	+0.0%
Net Income	$37,084	$18,741	+1.0%

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
GREGORY CRONHOLM	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN GREER	DIRECTOR	1.00	Director	$0	$0	$0
KIPA KOENING	SECRETARY	1.00	Officer Director	$0	$0	$0
MELBA OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
MISSY POWERS	DIRECTOR	1.00	Director	$0	$0	$0
COLEMAN WILLIAMS	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	$331,030	$293,946	$735,744	$37,084
2023	$308,638	$289,897	$720,618	$18,741
2022	$244,662	$311,326	$716,346	$-66,664
2021	$232,565	$272,496	$760,110	$-39,931
2020	$241,992	$273,846	$802,017	$-31,854
2019	$257,936	$296,320	$820,978	$-38,384
2018	$243,723	$268,054	$859,226	$-24,331

FIRST CHRISTIAN TOWERS OF PLAINVIEW INC