NARAS PROPERTIES INC (EIN 954516666) - 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

1994

Legal Domicile

Principal Officer

WAYNE J ZAHNER

Phone

3103923777

Tax Period

2023-08-01 to 2024-07-31

NARAS PROPERTIES INC, founded in 1994, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023. The organization ran a surplus of $3.6M, a strong 69% operating margin.

Mission

TO HOLD PROPERTY AND COLLECT RENT FOR THE BENEFIT OF THE RECORDING ACADEMY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,260,216

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,260,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,624,564

TOTAL EXPENSES $1,624,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,260,216	$5,186,275	+0.0%
Expenses	$1,624,564	$1,708,206	0.0%
Net Income	$3,635,652	$3,478,069	+0.0%

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

N/A

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

$1,784,225

Total Directors

$2,362,387

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARVEY MASON JR	CHIEF EXECUTIVE OFFICER	1.00	Officer Director	$0	$16,996	$1,303,773
BRANDEN CHAPMAN	DIRECTOR	1.00	Director	$0	$34,018	$578,162
WAYNE J ZAHNER	CHIEF FINANCIAL OFFICER	1.00	Officer Director	$0	$31,203	$480,452

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	$5,260,216	$1,624,564	$51,200,599	$3,635,652
2023	$5,186,275	$1,708,206	$48,820,821	$3,478,069
2022	$4,458,045	$1,252,597	$50,347,276	$3,205,448
2021	$4,458,045	$1,202,872	$51,304,721	$3,255,173
2020	$4,458,045	$1,199,132	$51,150,141	$3,258,913
2019	$3,928,213	$1,215,753	$49,823,974	$2,712,460
2018	$3,926,272	$1,226,683	$49,851,399	$2,699,589

NARAS PROPERTIES INC