FOWLER CHRISTIAN APARTMENTS INC (EIN 751609256) - 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

1978

Legal Domicile

Principal Officer

BILLIE COLLINS

Phone

2148270813

Tax Period

2023-01-01 to 2023-12-31

FOWLER CHRISTIAN APARTMENTS INC, founded in 1978, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Expenses of $3.7M exceeded revenue, resulting in a 32% operating deficit.

Mission

FOWLER CHRISTIAN APARTMENTS (FCA) OFFERS A VARIETY OF ACCESSIBLE, AFFORDABLE HOUSING WHICH IS HUD 202 SECTION 8APARTMENTS. FCA OFFERS THREE LEVELS OF LIVING: INDEPENDENT LIVING, SERVICED ENRICHED HOUSING AND ASSISTED LIVING.

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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 $2,761,250

Investment Income $12,407

Other Revenue $0

TOTAL REVENUE $2,773,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,947,723

Other Expenses $3,664,706

TOTAL EXPENSES $3,664,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,773,657	$2,772,288	+0.0%
Expenses	$3,664,706	$3,544,883	+0.0%
Net Income	$-891,049	$-772,595	+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

438

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

$171,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOMMY COLE	DIRECTOR	0.10	Director	$0	$0	$0
SANDRA FOREMAN	CHAIR	0.10	Officer Director	$0	$0	$0
MARK WASSENICH	DIRECTOR (END TERM 12/23)	0.10	Director	$0	$0	$0
JIMMY PERCIVAL	DIRECTOR	0.10	Director	$0	$0	$0
DONALD MANWORREN	SECRETARY	0.10	Officer Director	$0	$0	$0
CAROL MAXWELL	DIRECTOR	0.10	Director	$0	$0	$0
JACOB MILLER	DIRECTOR	0.10	Director	$0	$0	$0
BILLIE COLLINS	EXECUTIVE DIRECTOR	13.30	Officer	$0	$24,666	$171,332

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	No data	No data	No data	No data
2023	$2,773,657	$3,664,706	$5,100,305	$-891,049
2022	$2,772,288	$3,544,883	$5,683,066	$-772,595
2021	$2,536,598	$3,147,318	$6,490,183	$-610,720
2020	$2,207,448	$3,017,668	$7,766,296	$-810,220
2019	$2,274,287	$3,125,780	$7,740,843	$-851,493
2018	$2,521,837	$2,926,874	$9,035,869	$-405,037

FOWLER CHRISTIAN APARTMENTS INC