FOLSOM OAKS APARTMENTS INC (EIN 870746410) - 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

2005

Legal Domicile

Principal Officer

APRIL LUDWIG

Phone

9164410123

Tax Period

2024-07-01 to 2025-06-30

FOLSOM OAKS APARTMENTS INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $254K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $575K exceeded revenue, resulting in a 127% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING IN FOLSOM FOR PEOPLE WITH SPECIAL NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $162,084

Program Service Revenue $85,568

Investment Income $5,963

Other Revenue $0

TOTAL REVENUE $253,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,650

Fundraising Expenses $0

Program Expenses $526,795

Other Expenses $545,988

TOTAL EXPENSES $574,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,615	$229,992	+0.1%
Expenses	$574,638	$601,621	0.0%
Net Income	$-321,023	$-371,629	-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

$224,146

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA BILYEU	PRESIDENT	1.00	Officer Director	$0	$0	$0
VIRGIL PACHECO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FELICIA HAECKER	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW DECKER	TREASURER	1.00	Officer Director	$0	$0	$0
SARA COLLETTE	DIRECTOR	1.00	Director	$0	$0	$0
APRIL LUDWIG	CEO	4.00	Officer	$0	$11,848	$224,146

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	$253,615	$574,638	$3,002,081	$-321,023
2024	$229,992	$601,621	$3,234,853	$-371,629
2023	$232,289	$559,797	$3,483,839	$-327,508
2022	$212,735	$572,305	$3,736,803	$-359,570
2021	$190,283	$502,843	$3,909,175	$-312,560
2020	$197,858	$535,497	$4,154,253	$-337,639
2019	$203,184	$522,266	$4,254,857	$-319,082
2018	$197,558	$524,313	$4,448,038	$-326,755

FOLSOM OAKS APARTMENTS INC