THE FARRAR HOME

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1900

Legal Domicile

Principal Officer

KRISTIE SHERRY-KEATING

Phone

5184837550

Tax Period

2024-01-01 to 2024-12-31

THE FARRAR HOME, founded in 1900, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ENHANCE, FACILITATE, AND OPTIMIZE THE MENTAL, PHYSICAL, AND SPIRITUAL WELL-BEING OF THE INDIVIDUAL IN A HOME-LIKE ATMOSPHERE THROUGH CARING.

Program Service Accomplishments

Program 1

Expenses: $1,214,835 Revenue: $1,271,262

THE FARRAR HOME PROVIDES 24 HOUR SUPERVISION TO 30 ELDERLY, 60 YEARS OF AGE AND OLDER, MEN AND WOMEN. SERVICES INCLUDE MEDICAL AND MEDICATION MANAGEMENT, ASSISTANCE WITH PERSONAL CARE AS NEEDED...

THE FARRAR HOME PROVIDES 24 HOUR SUPERVISION TO 30 ELDERLY, 60 YEARS OF AGE AND OLDER, MEN AND WOMEN. SERVICES INCLUDE MEDICAL AND MEDICATION MANAGEMENT, ASSISTANCE WITH PERSONAL CARE AS NEEDED, REGISTERED NURSE ON PREMISES OR ON CALL 24 HOURS A DAY, HOME COOKED MEALS UNDER THE DIRECTION OF A DIETICIAN, DAILY ACTIVITIES AND HOUSEKEEPING SERVICES. THE FARRAR HOME WORKS TO GIVE THE ELDERLY A COMFORTABLE, SAFE AND HEALTHY ENVIRONMENT IN WHICH TO SPEND THE LAST YEARS OF THEIR LIVES. IN MAY OF 2016 THE HOME WAS APPROVED FOR 2 RESPITE CARE BEDS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,150

Program Service Revenue $1,271,262

Investment Income $19,310

Other Revenue $2,308

TOTAL REVENUE $1,295,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,088,512

Fundraising Expenses $0

Program Expenses $1,214,835

Other Expenses $392,090

TOTAL EXPENSES $1,480,602

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,295,030	$1,418,205	-0.1%
Expenses	$1,480,602	$1,441,927	+0.0%
Net Income	$-185,572	$-23,722	+6.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$132,365

Total Directors

$16,823

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIE SHERRY-KEATING	ADMINISTRATO	40.00	Officer	$112,191	$3,351	$115,542
WILLIAM EMPSALL	PRESIDENT	3.00	Officer Director	$16,823	$0	$16,823
LUKE BABBIE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL BENWARE	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANNE DUSO	PRESIDENT/DI	1.00	Officer Director	$0	$0	$0
MARY KATHRYN LASHOMB	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW MAGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
KARL MARTIN	TREASURER	2.00	Officer Director	$0	$0	$0
SUE SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
NEIL SEYMOUR	VICE PRESIDE	3.00	Officer 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
2024	$1,295,030	$1,480,602	$1,206,096	$-185,572
2023	$1,418,205	$1,441,927	$1,352,688	$-23,722
2022	$1,361,993	$1,446,841	$1,518,939	$-84,848
2021	$1,323,774	$1,370,479	$1,644,590	$-46,705
2020	$1,282,636	$1,246,597	$1,593,498	$36,039
2019	$1,089,023	$1,134,379	$1,571,273	$-45,356
2018	$1,137,306	$1,126,073	$1,591,477	$11,233