ARGUS MANOR ASSOCIATION C/O REEDER… - Form 990 Financial Data

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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

1988

Legal Domicile

Principal Officer

AMANDA YAGER

Phone

2538206763

Tax Period

2024-07-01 to 2025-06-30

ARGUS MANOR ASSOCIATION C/O REEDER MANAGEMENT INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $881K in total revenue in fiscal year 2024. Expenses of $817K left a modest 7% surplus.

Mission

TO PROVIDE FOR ELDERLY OR PERSONS OF DISABILITY ON A NONPROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES TO MEET THEIR PHYSICAL AND SOCIAL NEEDS AND CONTRIBUTE TO THEIR HEALTH, SECURITY, WELFARE AND USEFULNESS IN LONGER LIVING.

Program Service Accomplishments

Program 1

Expenses: $755,770 Revenue: $303,025

ARGUS MANOR ASSOCIATION IS A NON-PROFIT WASHINGTON STATE CORPORATION FORMED ON JANUARY 24, 1989, THAT HOLDS LEGAL TITLE TO THE PROJECT. THE PROJECT IS A 61-UNIT APARTMENT COMPLEX FOR LOW-INCOME...

ARGUS MANOR ASSOCIATION IS A NON-PROFIT WASHINGTON STATE CORPORATION FORMED ON JANUARY 24, 1989, THAT HOLDS LEGAL TITLE TO THE PROJECT. THE PROJECT IS A 61-UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY AND PERSONS OF DISABILITY LOCATED IN PUYALLUP, WASHINGTON. THE PROJECT IS OPERATED UNDER THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 223(F) HUD INSURED MORTGAGE LOAN. THE PROJECT'S NONMAJOR PROGRAM IS ITS SECTION 8 HUD RENT SUBSIDY.THE PROJECT ALSO IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENT AGREEMENTS WITH HUD.

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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 $577,740

Program Service Revenue $302,294

Investment Income $731

Other Revenue $0

TOTAL REVENUE $880,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,993

Fundraising Expenses $0

Program Expenses $755,770

Other Expenses $668,504

TOTAL EXPENSES $817,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$880,765	$834,170	+0.1%
Expenses	$817,497	$642,350	+0.3%
Net Income	$63,268	$191,820	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
DERYL MCCARTY	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID J MORELL	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL SWALLING	DIRECTOR	1.00	Officer Director	$0	$0	$0
TRUDI BOCOTT	DIRECTOR	1.00	Director	$0	$0	$0
KLAUS SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
LIAM RILEY	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	$880,765	$817,497	$1,849,384	$63,268
2024	No data	No data	No data	No data
2023	$743,068	$611,457	$1,606,112	$131,611
2022	$690,070	$548,284	$1,511,414	$141,786
2021	$650,611	$726,522	$1,407,089	$-75,911
2020	$642,951	$556,827	$1,518,073	$86,124
2019	$627,831	$539,035	$1,439,927	$88,796

ARGUS MANOR ASSOCIATION C/O REEDER MANAGEMENT INC