DANISH HOME FOR THE AGED INC (EIN 131762453) - 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

1904

Legal Domicile

Principal Officer

ERIK J ANDERSEN

Phone

9147030854

Tax Period

2023-01-01 to 2023-12-31

DANISH HOME FOR THE AGED INC, founded in 1904, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 1495% from the prior year, signaling strong growth momentum. Expenses of $5.9M exceeded revenue, resulting in a 139% operating deficit.

Mission

THE MISSION OF DANISH HOME FOR THE AGED,INC. WAS TO PROVIDE AN INDEPENDENT RETIREMENT RESIDENCE FOR THE AGED. THE ORGANIZATION DISSOLVED ON NOVEMBER 9, 2023.

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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 $14,000

Investment Income $2,436,070

Other Revenue $10,452

TOTAL REVENUE $2,460,522

Expense Breakdown

Grants Paid $5,683,446

Salaries & Benefits $124,651

Fundraising Expenses $0

Program Expenses $5,821,988

Other Expenses $62,646

TOTAL EXPENSES $5,870,743

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,460,522	$154,277	+14.9%
Expenses	$5,870,743	$423,391	+12.9%
Net Income	$-3,410,221	$-269,114	+11.7%

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

N/A

Independent Members

N/A

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

$92,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK J ANDERSEN	EXECUTIVE DI	40.00	Officer	$92,500	$0	$92,500
KELD ALSTRUP	PRESIDENT	2.00	Officer Director	$0	$0	$0
SVEN MOLLER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PAUL MOELLER	TREASURER	1.00	Officer Director	$0	$0	$0
HELLE RAHEEM	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN MARK NIELSEN	BOARD	1.00	Director	$0	$0	$0
THOMAS ULRICH	BOARD	1.00	Director	$0	$0	$0
JAMES NEEL	BOARD	1.00	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
2023	$2,460,522	$5,870,743	No data	$-3,410,221
2022	$154,277	$423,391	$3,501,965	$-269,114
2021	$139,558	$653,393	$3,743,151	$-513,835
2020	$1,011,341	$722,166	$4,349,548	$289,175
2019	$1,274,838	$618,154	$3,975,583	$656,684
2018	$669,914	$603,447	$3,549,566	$66,467

DANISH HOME FOR THE AGED INC