Spruce Street Golden Manor Inc (EIN 202017675) - 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

2007

Legal Domicile

Principal Officer

Ola Hudson

Phone

4043721508

Tax Period

2022-01-01 to 2022-12-31

Spruce Street Golden Manor Inc, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $178K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $249K exceeded revenue, resulting in a 40% operating deficit.

Mission

Providng Low Income Housing to the Elderly

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $177,936

Investment Income $61

Other Revenue $76

TOTAL REVENUE $178,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,510

Other Expenses $248,510

TOTAL EXPENSES $248,510

Year-over-Year Comparison

	2022	2021	Change
Revenue	$178,073	$194,150	-0.1%
Expenses	$248,510	$253,038	0.0%
Net Income	$-70,437	$-58,888	+0.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raymond Bowman	Member	001.00	Director	$0	$0	$0
Linda Wynn	Member	001.00	Director	$0	$0	$0
Ola Hudon	Member	001.00	Director	$0	$0	$0
Gwendolyn Smith	Member	001.00	Director	$0	$0	$0
Jennifer Williams	Member	001.00	Director	$0	$0	$0
Darelen Stephen	Member	001.00	Director	$0	$0	$0
Eugene Collins	Member	001.00	Director	$0	$0	$0
Melvin Ridley	Member	001.00	Director	$0	$0	$0
Louis Wilson	Member	001.00	Director	$0	$0	$0
Dorothy Beasley	Chairman of the Board	002.00	Officer	$0	$0	$0
Henry Hil	Treas	002.00	Officer	$0	$0	$0
Monique Gibbs	Secretary	002.00	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
2024	No data	No data	No data	No data
2022	$178,073	$248,510	$1,984,009	$-70,437
2021	$194,150	$253,038	$2,027,624	$-58,888
2020	$186,604	$235,936	$2,087,470	$-49,332
2019	$176,173	$241,307	$2,138,920	$-65,134
2018	$172,542	$219,845	$2,189,256	$-47,303

Spruce Street Golden Manor Inc