HOT SPRINGS SENIOR CITZENS APARTMENTS (EIN 830244830) - 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

1963

Legal Domicile

Principal Officer

MARILYN BRAATEN

Phone

4062523773

Tax Period

2023-07-01 to 2024-06-30

HOT SPRINGS SENIOR CITZENS APARTMENTS, founded in 1963, is a small nonprofit that reported $251K in total revenue in fiscal year 2023. The organization ran a surplus of $40K, a strong 16% operating margin.

Mission

TO CONSTRUCT AND OPERATE A RENTAL HOUSING PROPERTY FOR LOW INCOME ELDERLY THROUGH HUD.

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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 $140,106

Program Service Revenue $107,929

Investment Income $604

Other Revenue $1,997

TOTAL REVENUE $250,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $178,823

Other Expenses $210,278

TOTAL EXPENSES $210,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,636	$239,459	+0.0%
Expenses	$210,278	$194,074	+0.1%
Net Income	$40,358	$45,385	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARILYN BRAATEN	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
LEON BUDD	VICE-CHAIRPERSON	0.50	Officer Director	$0	$0	$0
MICHELLE MCCAWLEY	SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL CHIMENTI	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA VIETTI	DIRECTOR	0.50	Director	$0	$0	$0
LINDA BUDD	DIRECTOR	0.50	Director	$0	$0	$0
BARBARA PETTY	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$250,636	$210,278	$436,486	$40,358
2023	$239,459	$194,074	$450,267	$45,385
2022	$241,581	$197,351	$424,661	$44,230
2021	$245,683	$200,873	$415,873	$44,810
2020	$232,097	$189,973	$419,809	$42,124
2019	$226,666	$203,621	$397,956	$23,045
2018	$222,564	$210,447	$414,895	$12,117

HOT SPRINGS SENIOR CITZENS APARTMENTS