CHAPEL OAKS INC (EIN 161489340) - 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

1995

Legal Domicile

Principal Officer

MICHAEL MCRAE

Phone

5856976000

Tax Period

2023-01-01 to 2023-12-31

CHAPEL OAKS INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $5.2M in total revenue in fiscal year 2023. Expenses of $4.5M left a modest 14% surplus.

Mission

PROMOTE INDEPENDENCE, PHYSICAL & SPIRITUAL WELL-BEING OF OLDER ADULTS VIA HOUSING & SUPPORT 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 $0

Program Service Revenue $4,740,531

Investment Income $33,921

Other Revenue $383,823

TOTAL REVENUE $5,158,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,244,314

Fundraising Expenses $0

Program Expenses $3,735,003

Other Expenses $3,206,672

TOTAL EXPENSES $4,450,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,158,275	$4,794,249	+0.1%
Expenses	$4,450,986	$4,342,299	+0.0%
Net Income	$707,289	$451,950	+0.6%

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

N/A

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

$1,043,032

Total Directors

$553,733

Key Employees

$958,974

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
EDMOND AKUBUIRO	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE ASHBY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS COMBS	DIRECTOR	1.00	Director	$0	$0	$0
MARK CRONIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RON SALLUZZO	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOHN HAYES	CHAIR	1.00	Officer Director	$0	$0	$0
ANNA LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
SR MARLENE PAPE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PINCH	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA RISSONE	DIRECTOR	1.00	Director	$0	$0	$0
MAURICIO RIVEROS	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH WESLEY	DIRECTOR	1.00	Director	$0	$0	$0
DR BRIDGETTE WIEFLING	DIRECTOR	1.00	Director	$0	$0	$0
DEB SCHAUSEIL	DIRECTOR	1.00	Director	$0	$0	$0
REV ROBERT SCHRADER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCRAE	PRESIDENT & CEO	2.00	Officer Director	$0	$23,829	$553,733
CARMEN INDIANO	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL RYAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SMITH	DIRECTOR	0.00	Director	$0	$0	$0
RACHEL BANDYCH	DIRECTOR	1.00	Director	$0	$0	$0
PAT BURKE	DIRECTOR	1.00	Director	$0	$0	$0
DR ANGELA SIMS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD VANDER HORST	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS KANT	SVP/CFO TO 3/11/2023	2.00	Officer	$0	$19,528	$305,868
KEVIN BROWN	SVP/CFO FROM 2/27/2023	2.00	Officer	$0	$5,421	$183,431
ROBERT BOURG	SVP OF ORGANIZATIONAL DEVE	2.00	Key Emp	$0	$5,936	$272,127
JENNIFER BLACKCHIEF	VP STRATEGY AND HOUSING	13.00	Key Emp	$0	$3,162	$241,126
EILEEN RYAN-MARUKE	VP OF MARKETING	3.00	Key Emp	$0	$19,569	$223,608
AARON FIELDS	CHIEF INFORMATION OFFICER	2.00	Key Emp	$0	$12,638	$222,113
BRIAN L HEPPARD	ATTENDING PHYSICIAN	8.00	Highest	$0	$23,214	$402,200

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	$5,158,275	$4,450,986	$16,883,268	$707,289
2022	$4,794,249	$4,342,299	$16,180,141	$451,950
2021	$4,806,942	$4,058,290	$15,694,049	$748,652
2020	$4,400,509	$4,148,125	$14,985,110	$252,384
2019	$4,094,570	$4,191,575	$15,226,642	$-97,005
2018	$4,110,544	$4,136,059	$15,515,722	$-25,515

CHAPEL OAKS INC