ALDERSGATE SPECIAL NEEDS MINISTRY (EIN 200371139) - 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

2003

Legal Domicile

Principal Officer

MIKE SIMPSON

Phone

8035904890

Tax Period

2024-07-01 to 2025-06-30

ALDERSGATE SPECIAL NEEDS MINISTRY, founded in 2003, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $580K, a strong 19% operating margin.

Mission

PROVIDE HOUSING AND CARE ASSISTANCE FOR MENTALLY CHALLENGED ADULTS.

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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 $2,726,118

Program Service Revenue $324,908

Investment Income $68,382

Other Revenue $0

TOTAL REVENUE $3,119,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,826,338

Fundraising Expenses $0

Program Expenses $2,282,566

Other Expenses $713,453

TOTAL EXPENSES $2,539,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,119,408	$2,137,423	+0.5%
Expenses	$2,539,791	$1,863,971	+0.4%
Net Income	$579,617	$273,452	+1.1%

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

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

Total Directors

$117,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM THOMAS	EXECUTIVE DI	40.00	Director	$117,600	$0	$117,600
YVETTE HERING	SECRETARY	2.00	Officer	$0	$0	$0
MIKE SIMPSON	CHAIR	2.00	Officer	$0	$0	$0
DALY WARD	VICE CHAIR	2.00	Officer	$0	$0	$0
EDWARD WEATHERS	TREASURER	2.00	Officer	$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
2025	$3,119,408	$2,539,791	$4,107,321	$579,617
2024	$2,137,423	$1,863,971	$3,503,123	$273,452
2023	$1,993,062	$1,403,003	$3,216,325	$590,059

ALDERSGATE SPECIAL NEEDS MINISTRY