VOA CONCORD ASSISTED LIVING INC (EIN 043456705) - 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

1998

Legal Domicile

Principal Officer

CHARLES GAGNON

Phone

6175228086

Tax Period

2024-07-01 to 2025-06-30

VOA CONCORD ASSISTED LIVING INC, founded in 1998, is a mid-sized nonprofit in the Human Services sector that reported $11.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO OPERATE ASSISTED LIVING FACILITIES FOR QUALIFIED ELDERLY INDIVIDUALS.

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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 $0

Program Service Revenue $10,882,577

Investment Income $82,796

Other Revenue $0

TOTAL REVENUE $10,965,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,266,443

Fundraising Expenses $0

Program Expenses $8,023,500

Other Expenses $7,601,517

TOTAL EXPENSES $11,867,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,965,373	$9,992,350	+0.1%
Expenses	$11,867,960	$9,996,947	+0.2%
Net Income	$-902,587	$-4,597	+195.3%

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

$760,153

Total Directors

$364,028

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES GAGNON	PRESIDENT/CE	5.00	Officer Director	$0	$84,914	$364,028
GAYLE H LACROIX	CFO	5.00	Officer	$0	$20,731	$213,792
NATASHA HEIMRATH	EXECUTIVE DI	40.00	Officer	$182,333	$0	$182,333
NANCY CROWLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MAYNARD FORBES	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC SEGAL	TREASURER	2.00	Officer Director	$0	$0	$0
ANNE UMPHREY	CLERK	2.00	Officer Director	$0	$0	$0
ALAN ZIMLICKI	BOARD MEMBER	2.00	Director	$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
2025	$10,965,373	$11,867,960	$27,855,791	$-902,587
2024	$9,992,350	$9,996,947	$29,214,052	$-4,597
2023	$7,746,662	$8,152,099	$30,840,974	$-405,437
2022	$7,149,024	$7,556,947	$28,291,578	$-407,923
2021	$7,337,759	$6,753,946	$24,073,690	$583,813
2020	$7,306,577	$7,509,702	$17,060,006	$-203,125
2019	$7,461,612	$7,227,953	$10,732,067	$233,659

VOA CONCORD ASSISTED LIVING INC