Amoskeag Residences Inc (EIN 020366119) - 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

1979

Legal Domicile

Principal Officer

Paul Michaud

Phone

6036684111

Tax Period

2023-07-01 to 2024-06-30

Amoskeag Residences Inc, founded in 1979, is a small nonprofit in the Human Services sector that reported $212K in total revenue in fiscal year 2023.

Mission

To provide elderly and handicapped persons in the community with housing facilities and services specifically designed to meet their physical, social, and psychological needs.

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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 $211,593

Investment Income $43

Other Revenue $0

TOTAL REVENUE $211,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $176,799

Other Expenses $206,252

TOTAL EXPENSES $206,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,636	$221,619	0.0%
Expenses	$206,252	$218,286	-0.1%
Net Income	$5,384	$3,333	+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

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

$498,416

Total Directors

$1,165,089

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Cornell	President & Chair	40.00	Officer Director	$0	$31,010	$156,777
Jonathan Routhier	Vice President/COO	1.00	Officer Director	$0	$33,937	$160,376
Paul Michaud	Treasurer/CFO (end 11/2023)	1.00	Officer Director	$0	$20,323	$171,239
David Sponenberg	Treasurer/CFO (start 12/2023)	1.00	Officer Director	$0	$0	$10,024
Patricia Carty	Board Member/CEO	1.00	Director	$0	$24,023	$198,225
Diane Distaso	Board Member	1.00	Director	$0	$18,175	$107,725
Timothy Larochelle	Board Member	1.00	Director	$0	$43,116	$110,112
Dawn Thomas	Board Member	1.00	Director	$0	$20,475	$99,157
Steve Zarse	Board Member	1.00	Director	$0	$42,180	$151,454

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	$211,636	$206,252	$325,868	$5,384
2023	$221,619	$218,286	$414,677	$3,333
2021	$201,720	$171,441	$344,292	$30,279
2020	$221,214	$186,275	$358,386	$34,939
2019	$203,709	$254,425	$310,672	$-50,716

Amoskeag Residences Inc