FAIRPORT BAPTIST HOMES

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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

ELISE S FREJKA

Phone

5857896172

Tax Period

2024-01-01 to 2024-12-31

FAIRPORT BAPTIST HOMES, founded in 1904, is a mid-sized nonprofit that reported $18.8M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.4M, a strong 61% operating margin.

Mission

TO MEET THE NEEDS OF THE ELDERLY MEMBERS OF THE MONROE COUNTY BAPTIST CHURCHES AND THE COMMUNITY AT LARGE.

Program Service Accomplishments

Program 1

Expenses: $6,250,217 Revenue: $5,041,328

THE HOMES PROVIDES SKILLED NURSING CARE, REHABILITATION, AND COMPFORT CARE IN A 142-BED FACILITY COMPRISED OF INDIVIDUAL HOUSEHOLD UNITS CONSISTING OF 10 OR 12 RESIDENTS EACH.

Program 2

Expenses: $208,515 Revenue: $306,030

THE HOMES OWNS AND OPERATES DELAND ACRES WHICH OFFERS CLUSTER HOMES - 25 TWO BEDROOM COTTAGES AND 17 ONE-BEDROOM COTTAGES - AS ANOTHER HOUSING OPTION FOR MIDDLE INCOME SENIORS. THE COTTAGES PROVIDE TOTAL WHEELCHAIR ACCESSIBILITY, AND ALL INTERIOR AND EXTERIOR MAINTENANCE IS TAKEN CARE OF BY THE HOMES.

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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 $5,162,048

Investment Income $10,546,749

Other Revenue $3,102,029

TOTAL REVENUE $18,810,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,646,722

Fundraising Expenses $0

Program Expenses $6,458,732

Other Expenses $3,768,415

TOTAL EXPENSES $7,415,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,810,826	$13,244,980	+0.4%
Expenses	$7,415,137	$15,229,139	-0.5%
Net Income	$11,395,689	$-1,984,159	-6.7%

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

Independent Members

Employees

247

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

$212,997

Total Directors

$147,731

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS POELMA	PRESIDENT/CEO	22.00	Officer Director	$147,731	$0	$147,731
KELLY BONANNO	BOARD CHAIRMAN	0.50	Officer Director	$0	$0	$0
SUE DEROSA	DIRECTOR	0.50	Director	$0	$0	$0
VAL PETERS	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINE SCHULLER	COO/ADMINISTRATOR	37.50	Officer	$65,266	$0	$65,266

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	No data	No data	No data	No data
2024	$18,810,826	$7,415,137	$7,774,275	$11,395,689
2023	$13,244,980	$15,229,139	$11,949,977	$-1,984,159
2022	$14,448,523	$15,724,992	$11,696,949	$-1,276,469
2021	$16,655,324	$17,431,682	$12,174,552	$-776,358
2020	$18,625,421	$19,108,156	$12,605,029	$-482,735
2019	$18,926,742	$18,509,909	$13,246,017	$416,833
2018	$18,878,300	$19,124,659	$13,270,969	$-246,359