GILL TERRACE RETIREMENT APARTMENTS (EIN 030280596) - 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

1977

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

GILL TERRACE RETIREMENT APARTMENTS, founded in 1977, is a small nonprofit that reported $463K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $201K, a strong 43% operating margin.

Mission

IT IS OUR INTENTION AND PURPOSE TO PROVIDE AND MAINTAIN ADEQUATE AND WORTHY HOUSING FOR THE ELDERLY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $231,804

Program Service Revenue $135,395

Investment Income $96,219

Other Revenue $0

TOTAL REVENUE $463,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,814

Other Expenses $262,553

TOTAL EXPENSES $262,553

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,418	$492,505	-0.1%
Expenses	$262,553	$209,458	+0.3%
Net Income	$200,865	$283,047	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA BENOIT	MEMBER	1.00	Director	$0	$0	$0
GEORGE THOMPSON	MEMBER	1.00	Director	$0	$0	$0
BRANDON JONES	MEMBER	1.00	Director	$0	$0	$0
SANDRA GEORGE	MEMBER	1.00	Director	$0	$0	$0
DENNIS DEVEREUX	Treasurer	5.00	Officer	$0	$0	$0
DAVID JOHNSON	Secretary	1.00	Officer	$0	$0	$0
EVERETT ALLEN	Chairman	5.00	Officer	$0	$0	$0
CHARLES KETTLES	VICE CHAIRMAN	1.00	Officer	$0	$0	$0

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	$463,418	$262,553	$3,828,123	$200,865
2023	$492,505	$209,458	$3,459,934	$283,047
2022	$342,494	$178,262	$3,165,398	$164,232
2021	$427,696	$155,356	$3,267,380	$272,340
2020	$332,241	$195,114	$2,888,725	$137,127
2019	$306,300	$166,597	$2,589,262	$139,703
2018	$343,662	$157,462	$2,237,613	$186,200

GILL TERRACE RETIREMENT APARTMENTS