MILTON RESIDENCES FOR THE ELDERLY INC (EIN 046207699) - 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

1968

Legal Domicile

Principal Officer

W PAUL NEEDHAM

Phone

6176983005

Tax Period

2023-01-01 to 2023-12-31

MILTON RESIDENCES FOR THE ELDERLY INC, founded in 1968, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $1.8M left a modest 4% surplus.

Mission

TO MEET THE NEEDS OF THE SENIORS- IN MILTON AND BEYOND- BY PROVIDING HOUSING AND SERVICES.

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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 $102,433

Program Service Revenue $1,646,760

Investment Income $96,896

Other Revenue $0

TOTAL REVENUE $1,846,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,620,470

Fundraising Expenses $0

Program Expenses $1,378,487

Other Expenses $150,412

TOTAL EXPENSES $1,770,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,846,089	$1,807,946	+0.0%
Expenses	$1,770,882	$1,727,341	+0.0%
Net Income	$75,207	$80,605	-0.1%

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

Total Directors

Key Employees

$251,061

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W PAUL NEEDHAM	PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL BRADY	TRUSTEE	0.30	Director	$0	$0	$0
MARITTA M CRONIN	SECRETARY	0.50	Officer Director	$0	$0	$0
BRANCH LANE	TRUSTEE	0.30	Director	$0	$0	$0
GEORGE GEARY	TREASURER	0.50	Officer Director	$0	$0	$0
EWALD CHARLES	TRUSTEE	0.30	Director	$0	$0	$0
CAROL SULLIVAN	TRUSTEE	0.30	Director	$0	$0	$0
JOHN LOONEY	TRUSTEE	0.30	Director	$0	$0	$0
MICHAEL SULLIVAN	TRUSTEE	0.30	Director	$0	$0	$0
SARAH MCLAREN	EXECUTIVE DIRECTOR	40.00	Key Emp	$225,000	$26,061	$251,061

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	$1,846,089	$1,770,882	$17,483,234	$75,207
2022	$1,807,946	$1,727,341	$16,749,751	$80,605
2021	$1,956,990	$1,623,168	$3,052,904	$333,822
2020	$1,448,417	$1,708,298	$2,845,303	$-259,881
2019	$1,538,808	$1,617,025	$2,474,876	$-78,217
2018	$1,509,532	$1,386,713	$2,280,279	$122,819

MILTON RESIDENCES FOR THE ELDERLY INC