Hazen Pioneer Apartments (EIN 811332947) - 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

2015

Legal Domicile

Principal Officer

Carla Borlaug

Phone

7017486886

Tax Period

2023-01-01 to 2023-12-31

Hazen Pioneer Apartments, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2023. Expenses of $217K exceeded revenue, resulting in a 48% operating deficit.

Mission

To provide affordable housing for low-income persons.

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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 $147,120

Investment Income $11

Other Revenue $0

TOTAL REVENUE $147,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,527

Other Expenses $217,090

TOTAL EXPENSES $217,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,131	$153,499	0.0%
Expenses	$217,090	$231,142	-0.1%
Net Income	$-69,959	$-77,643	-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

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
Carla Borlaug	President	0.50	Officer Director	$0	$0	$0
Troy Johnson	Vice-President	0.50	Officer Director	$0	$0	$0
Darcy Kirchmeier	Secretary-Treasurer	0.50	Officer Director	$0	$0	$0
Haley Wiedrich	Director	0.50	Director	$0	$0	$0
Kimberly Folkerts	Director	0.50	Director	$0	$0	$0
Sandy Retterath	Manager	10.00	Officer	$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	No data	No data	No data	No data
2023	$147,131	$217,090	$3,123,597	$-69,959
2022	$153,499	$231,142	$3,221,632	$-77,643
2021	$143,821	$230,081	$3,327,768	$-86,260

Hazen Pioneer Apartments