SOUTH LINCOLN APARTMENTS INC (EIN 930623648) - 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

1983

Legal Domicile

Principal Officer

KRISTINA HINSON

Phone

5414357117

Tax Period

2024-01-01 to 2024-12-31

SOUTH LINCOLN APARTMENTS INC, founded in 1983, is a small nonprofit that reported $587K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $105K, a strong 18% operating margin.

Mission

TO OPERATE A 50 UNIT APARTMENT COMPLEX TO PROVIDE LOW COST AFFORDABLE HOUSING TO SENIOR CITIZENS.

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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 $0

Program Service Revenue $586,409

Investment Income $150

Other Revenue $0

TOTAL REVENUE $586,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,330

Fundraising Expenses $0

Program Expenses $415,163

Other Expenses $442,606

TOTAL EXPENSES $481,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$586,559	$494,284	+0.2%
Expenses	$481,936	$419,521	+0.1%
Net Income	$104,623	$74,763	+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	Role	Reportable Comp	Other Comp	Total
KRISTINA HINSON	BOARD PRESIDENT	Officer Director	$0	$0	$0
DEBORAH BENDER	DIRECTOR	Officer Director	$0	$0	$0
JON COWGILL	BOARD VICE PRESIDENT	Officer	$0	$0	$0
SUE MAY	DIRECTOR	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	$586,559	$481,936	$710,918	$104,623
2023	$494,284	$419,521	$642,078	$74,763
2022	$458,248	$423,248	$631,561	$35,000
2021	$429,822	$429,484	$653,135	$338
2020	$422,783	$415,266	$701,254	$7,517
2019	$400,708	$352,991	$750,969	$47,717
2018	$470,677	$344,595	$746,800	$126,082

SOUTH LINCOLN APARTMENTS INC