PRESBYTERIAN HOME QUITMAN RETIREMENT INC

EIN: 020708789 501(c)(3) Housing & Shelter

QUITMAN, GA

Total Revenue
$203,255
Total Expenses
$211,767
Total Assets
$2,225,937
Net Assets
$1,169,394
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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
GA
Principal Officer
ALEX PATTERSON
Phone
2292636191
Tax Period
2023-01-01 to 2023-12-31

PRESBYTERIAN HOME QUITMAN RETIREMENT INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $203K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $1.2M represent 69 months of operating reserves.

Mission

TO PROVIDE EXCEPTIONAL SERVICES TO SENIOR ADULTS IN AN INDEPENDENT SETTING.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $144,311
Investment Income $39,304
Other Revenue $19,640
TOTAL REVENUE $203,255

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $149,565
Other Expenses $211,767
TOTAL EXPENSES $211,767

Year-over-Year Comparison

2023 2022 Change
Revenue $203,255 $264,241 -0.2%
Expenses $211,767 $215,873 0.0%
Net Income $-8,512 $48,368 -1.2%
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

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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
10

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
6
$715,096
Total Directors
11
$435,659
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX PATTERSON PRESIDENT/CEO 1.00
Officer Director
$0 $54,854 $435,659
REV TONY SUNDERMEIER CHAIR 1.00
Officer Director
$0 $0 $0
JACK BENEDICT TREASURER 1.00
Officer Director
$0 $0 $0
C DUNCAN BEARD SECRETARY 1.00
Officer Director
$0 $0 $0
LATIVIA ALSTON BOARD MEMBER 1.00
Director
$0 $0 $0
MARION GLOVER BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS E JONES JR BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT H NEEL BOARD MEMBER 1.00
Director
$0 $0 $0
S MARK ROBERSON BOARD MEMBER 1.00
Director
$0 $0 $0
DAVIS C STEWART BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES H MORGAN JR BOARD MEMBER 1.00
Director
$0 $0 $0
GWEN HARDY COO 1.00
Officer
$0 $1,488 $105,640
DIANNE ARRENDALE CFO 1.00
Officer
$0 $18,271 $173,797
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 $203,255 $211,767 $2,225,937 $-8,512
2022 $264,241 $215,873 $2,015,102 $48,368
2021 $972,804 $329,585 $2,290,933 $643,219
2020 $407,917 $335,651 $2,115,953 $72,266
2019 $892,221 $1,084,335 $1,881,934 $-192,114
2018 $1,062,759 $1,242,391 $1,879,170 $-179,632
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