Concord-Plaza Tower Inc (EIN 942984887) - 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

1985

Legal Domicile

Principal Officer

FRANK FRIBLEY

Phone

9259510762

Tax Period

2024-01-01 to 2024-12-31

Concord-Plaza Tower Inc, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE ELDERLY PERSONS WITH HOUSING, FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING; AND TO ENGAGE IN ANY OTHER CHARITABLE ACTIVITY.

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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 $1,301,713

Investment Income $13,835

Other Revenue $0

TOTAL REVENUE $1,315,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,211

Fundraising Expenses $0

Program Expenses $1,535,492

Other Expenses $1,255,234

TOTAL EXPENSES $1,616,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,315,548	$1,244,573	+0.1%
Expenses	$1,616,445	$1,431,978	+0.1%
Net Income	$-300,897	$-187,405	+0.6%

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
FRANK FRIBLEY	President	1.00	Officer Director	$0	$0	$0
MARILYN WOLLENWEBER	Vice President	1.00	Officer Director	$0	$0	$0
TRUDY MEIGS	Secretary	1.00	Officer Director	$0	$0	$0
WAYNE MATZEN	Treasurer	1.00	Officer Director	$0	$0	$0
CLAUDIA MACIAS	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	$1,315,548	$1,616,445	$3,873,892	$-300,897
2023	$1,244,573	$1,431,978	$4,073,449	$-187,405
2022	$1,575,582	$1,405,917	$4,208,810	$169,665
2021	$1,295,964	$1,451,791	$4,401,894	$-155,827
2020	$1,421,934	$1,361,899	$4,621,333	$60,035
2019	$1,080,004	$1,307,757	$4,821,464	$-227,753
2018	$1,683,177	$1,376,480	$4,913,170	$306,697

Concord-Plaza Tower Inc