AMERICAN COVENANT SENIOR HOUSING FOUNDATION INC (EIN 010788133) - 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

2003

Legal Domicile

Principal Officer

GERALD M FRITTS

Phone

4062356593

Tax Period

2023-01-01 to 2023-12-31

AMERICAN COVENANT SENIOR HOUSING FOUNDATION INC, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $99K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $407K exceeded revenue, resulting in a 312% operating deficit.

Mission

PROVIDE LOW-INCOME HOUSING FOR SENIOR AND FAMILIES.

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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 $38,754

Program Service Revenue $56,009

Investment Income $4,139

Other Revenue $0

TOTAL REVENUE $98,902

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,367

Fundraising Expenses $0

Program Expenses $400,816

Other Expenses $247,618

TOTAL EXPENSES $406,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,902	$55,154	+0.8%
Expenses	$406,985	$90,311	+3.5%
Net Income	$-308,083	$-35,157	+7.8%

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

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

$134,840

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN CREWS	PRESIDENT	4.00	Officer Director	$20,000	$0	$20,000
KAREN BUTTERFIELD	MEMBER	2.00	Director	$0	$0	$0
GENE KAMARASY	MEMBER	4.00	Director	$0	$0	$0
THOMAS STEPHAN	MEMBER	2.00	Director	$0	$0	$0
JIM MUSE	MEMBER	5.00	Director	$0	$0	$0
GERALD FRITTS	EXECUTIVE DIRECTOR	40.00	Officer	$24,000	$0	$24,000
LINDSEY HALE	VICE PRESIDENT	25.00	Officer	$49,740	$0	$49,740
REBECCA FRITTS	SECRETARY/TREASURER	25.00	Officer	$18,000	$0	$18,000
JOYCE SAISBURY- DICKSON	CFO	30.00	Officer	$23,100	$0	$23,100

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	No data	No data	No data	No data
2023	$98,902	$406,985	$1,837,276	$-308,083

AMERICAN COVENANT SENIOR HOUSING FOUNDATION INC