ACADEMY PLACE APARTMENTS INC (EIN 832581465) - 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

2018

Legal Domicile

Principal Officer

SUSIE DOWNEY

Phone

7653457789

Tax Period

2023-01-01 to 2023-12-31

ACADEMY PLACE APARTMENTS INC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $274K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $259K left a modest 5% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS IN THE KNIGHTSTOWN AND SURROUNDING COMMUNITY.

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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 $86,693

Program Service Revenue $187,093

Investment Income $1

Other Revenue $90

TOTAL REVENUE $273,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,037

Fundraising Expenses $29,520

Program Expenses $198,462

Other Expenses $191,418

TOTAL EXPENSES $259,455

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,877	$249,287	+0.1%
Expenses	$259,455	$260,358	0.0%
Net Income	$14,422	$-11,071	-2.3%

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

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
SUSIE DOWNEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
TONY DARLING	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DANIELLE CARMICHAEL	SECRETARY	2.00	Officer Director	$0	$0	$0
DENISE PEACOCK	TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
HELEN GORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK BURKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE PEACOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
JON MADISON	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH WARD	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA LASHBROOK	BOARD MEMBER	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	No data	No data	No data	No data
2023	$273,877	$259,455	$656,217	$14,422
2022	$249,287	$260,358	$659,051	$-11,071
2021	$263,399	$254,900	$685,349	$8,499
2020	$250,315	$285,448	$698,486	$-35,133
2019	$372,397	$331,159	$703,900	$41,238

ACADEMY PLACE APARTMENTS INC