FGS INC (EIN 161256975) - 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

2008

Legal Domicile

Principal Officer

JASON SANTIAGO

Phone

6077242477

Tax Period

2024-01-01 to 2024-12-31

FGS INC, founded in 2008, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. Expenses of $5.9M exceeded revenue, resulting in a 76% operating deficit.

Mission

COMMITTED TO ANTICIPATING AND MEETING THE NEEDS OF SENIORS THROUGH THE DEVELOPMENT AND OPERATION OF A BROAD RANGE OF INNOVATIVE SERVICES AND FACILITIES.

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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 $2,500

Program Service Revenue $3,355,276

Investment Income $564

Other Revenue $2,259

TOTAL REVENUE $3,360,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,930,672

Fundraising Expenses $57,487

Program Expenses $504,359

Other Expenses $2,986,811

TOTAL EXPENSES $5,917,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,360,599	$3,515,153	0.0%
Expenses	$5,917,483	$3,451,062	+0.7%
Net Income	$-2,556,884	$64,091	-40.9%

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

$716,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK ALLABAUGH	CHAIR	0.25	Officer Director	$0	$0	$0
KATHLEEN BUNNELL	DIRECTOR	0.25	Director	$0	$0	$0
BOB ASH	DIRECTOR	0.25	Director	$0	$0	$0
ERIC WEBSTER	VICE CHAIR	0.25	Officer Director	$0	$0	$0
TIMOTHY HYLE	DIRECTOR	0.25	Director	$0	$0	$0
DAWN LANOUETTE	DIRECTOR	0.25	Director	$0	$0	$0
MARY ROONEY	DIRECTOR	0.25	Director	$0	$0	$0
BOB KELLER	SECRETARY	0.25	Officer Director	$0	$0	$0
KYLE SEVEY	TREASURER	0.25	Officer Director	$0	$0	$0
BRIDGET TALBUT	DIRECTOR	0.25	Director	$0	$0	$0
JOANN NAVARRO	DIRECTOR	0.25	Director	$0	$0	$0
PETER LENNON	DIRECTOR	0.25	Director	$0	$0	$0
JASON SANTIAGO	CEO (FROM 8/1/23)	8.00	Officer	$374,666	$29,359	$404,025
ULYSSES S ARNOLD II	CFO	8.00	Officer	$192,013	$19,303	$211,316
MARY WASSEL	COO	8.00	Officer	$85,749	$15,250	$100,999
DAVID FAWNS	VP HR	8.00	Highest	$173,463	$24,542	$198,005
KAREN HIRST	DIRECTOR THERAPY	0.00	Highest	$123,642	$397	$124,039
MICHAEL KEENAN	FORMER CEO (THROUGH 7/31/23)	0.00		$187,765	$490	$188,255

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	$3,360,599	$5,917,483	$441,277	$-2,556,884
2023	$3,515,153	$3,451,062	$1,509,770	$64,091
2022	$3,355,127	$3,088,063	$1,425,613	$267,064
2021	$2,733,889	$2,751,731	$1,019,538	$-17,842
2020	$3,276,915	$3,031,187	$1,625,857	$245,728
2019	$2,650,767	$2,552,330	$959,981	$98,437
2018	$2,300,143	$2,122,079	$683,334	$178,064

FGS INC