Quarry Hill (EIN 010213976) - 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

1960

Legal Domicile

Principal Officer

Denise Needham PharmD

Phone

2075054378

Tax Period

2023-10-01 to 2024-09-30

Quarry Hill, founded in 1960, is a community nonprofit in the Health Care sector that reported $8.6M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $9.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

To provide a full range of living options, high-quality health services and individualized care plans designed to respect older adults' varied interests, abilities and needs and promote independence and well-being.

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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 $89,435

Program Service Revenue $8,001,681

Investment Income $193,984

Other Revenue $360,655

TOTAL REVENUE $8,645,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,323,129

Fundraising Expenses $0

Program Expenses $8,897,507

Other Expenses $4,244,082

TOTAL EXPENSES $9,567,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,645,755	$12,709,032	-0.3%
Expenses	$9,567,211	$14,984,313	-0.4%
Net Income	$-921,456	$-2,275,281	-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

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

$788,789

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Syrena Gatewood	Chair	1.00	Officer Director	$0	$0	$0
Garry Schwall	Secretary	1.00	Officer Director	$0	$0	$0
Ann Bresnahan	Vice Chair	1.00	Officer Director	$0	$0	$0
Mark Breton	Treasurer	1.00	Officer Director	$0	$0	$0
Heather Shanklin	Chief Financial Officer	1.00	Officer	$0	$37,703	$341,887
Denise Needham	President, PBMC-WCGH	0.00	Officer	$0	$55,524	$446,902
Loriman Looke	Sr Executive Director	50.00	Highest	$141,050	$33,612	$174,662
Ellen Wood	Director Residential Services	50.00	Highest	$104,400	$36,239	$140,639
Mark Fourre MD	Frmr. President, PBMC-WCGH	0.00		$0	$43,910	$497,698

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	$8,645,755	$9,567,211	$13,988,002	$-921,456
2023	$12,709,032	$14,984,313	$14,044,555	$-2,275,281
2022	$12,624,882	$16,775,373	$14,494,076	$-4,150,491
2021	$10,837,530	$12,877,627	$16,044,007	$-2,040,097
2020	$11,678,638	$12,101,467	$15,823,047	$-422,829
2019	$11,402,992	$11,993,670	$17,298,642	$-590,678
2018	$10,756,924	$11,527,043	$16,278,268	$-770,119

Quarry Hill