RIVER KOURT APARTMENTS (EIN 931161391) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

MICHELLE HANKES

Phone

5416861262

Tax Period

2022-07-01 to 2023-06-30

RIVER KOURT APARTMENTS, founded in 1994, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $122K in total revenue in fiscal year 2022. Expenses of $161K exceeded revenue, resulting in a 32% operating deficit.

Mission

PROVIDES HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $70,159

Program Service Revenue $51,834

Investment Income $10

Other Revenue $0

TOTAL REVENUE $122,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,094

Other Expenses $160,871

TOTAL EXPENSES $160,871

Year-over-Year Comparison

	2022	2021	Change
Revenue	$122,003	$119,418	+0.0%
Expenses	$160,871	$165,257	0.0%
Net Income	$-38,868	$-45,839	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$126,225

Total Directors

$230,934

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE HANKES	PRESIDENT	1.00	Officer Director	$0	$15,031	$126,225
KATHLEEN BROADHURST	DIRECTOR	1.00	Director	$0	$9,136	$104,709
MELINDA GRIER	VP/TREASURER	1.00	Officer Director	$0	$0	$0
ERIC VAN HOUTEN	SECRETARY	1.00	Officer Director	$0	$0	$0
PRISCILLA GOULD	DIRECTOR	1.00	Director	$0	$0	$0
TOM HARBURG	DIRECTOR	1.00	Director	$0	$0	$0
DANA PETERSEN-CRABB	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$122,003	$160,871	$623,668	$-38,868
2022	$119,418	$165,257	$567,649	$-45,839
2021	$54,297	$100,636	$628,185	$-46,339
2021	$54,297	$100,636	$628,185	$-46,339
2020	$113,330	$128,235	$653,539	$-14,905
2019	$102,970	$136,376	$670,040	$-33,406
2018	$93,814	$131,484	$726,358	$-37,670

RIVER KOURT APARTMENTS