MOUNTAIN FALLS APARTMENTS INC (EIN 841392596) - 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

1997

Legal Domicile

Principal Officer

DARRELL DAY

Phone

5106326712

Tax Period

2023-07-01 to 2024-06-30

MOUNTAIN FALLS APARTMENTS INC, founded in 1997, is a small nonprofit that reported $215K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $262K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE HOUSING AND RELATED SERVICES TO ELDERLY AND HANDICAPPED 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 $212,333

Investment Income $3,000

Other Revenue $0

TOTAL REVENUE $215,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,254

Fundraising Expenses $0

Program Expenses $224,740

Other Expenses $187,146

TOTAL EXPENSES $262,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$215,333	$305,969	-0.3%
Expenses	$262,400	$339,329	-0.2%
Net Income	$-47,067	$-33,360	+0.4%

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
DARRELL DAY	PRESIDENT	N/A	Officer Director	$0	$0	$0
DEBBIE HUNDLEY	DIRECTOR	N/A	Director	$0	$0	$0
COLLEEN PASCAVAGE	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
DAWN TURNER	EX-OFFICIO	N/A	Director	$0	$0	$0
RON TURNER	DIRECTOR	N/A	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	$215,333	$262,400	$843,437	$-47,067
2023	$305,969	$339,329	$876,813	$-33,360
2022	$213,050	$250,798	$915,722	$-37,748
2021	$201,411	$222,890	$947,659	$-21,479
2020	$196,880	$252,076	$970,291	$-55,196
2019	$193,742	$244,049	$1,030,206	$-50,307

MOUNTAIN FALLS APARTMENTS INC