GOLER PLACE INC (EIN 202069681) - 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

2004

Legal Domicile

Principal Officer

MICHAEL SUGGS

Phone

3367653906

Tax Period

2023-01-01 to 2023-12-31

GOLER PLACE INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $534K in total revenue in fiscal year 2023. Expenses of $689K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING SERVICES FOR ELDERLY INDIVIDUALS.

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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 $287,334

Program Service Revenue $246,345

Investment Income $18

Other Revenue $0

TOTAL REVENUE $533,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $678,518

Other Expenses $689,052

TOTAL EXPENSES $689,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$533,697	$539,845	0.0%
Expenses	$689,052	$667,298	+0.0%
Net Income	$-155,355	$-127,453	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHAEL L SUGGS	CHAIRMAN	Officer Director	$0	$0	$0
CRAIG PEATROSS	VICE CHAIRMAN	Officer Director	$0	$0	$0
FRANK S CELESTINO	DIRECTOR	Director	$0	$0	$0
MALLORY M OATES	DIRECTOR	Director	$0	$0	$0
FRED PHIFER	DIRECTOR	Director	$0	$0	$0
GARRETT D BOLDEN	DIRECTOR	Director	$0	$0	$0
LAFAYETTE JONES	DIRECTOR	Director	$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
2023	$533,697	$689,052	$4,696,209	$-155,355
2022	$539,845	$667,298	$4,827,491	$-127,453
2021	$519,642	$708,704	$4,955,145	$-189,062
2020	$508,940	$711,811	$5,175,287	$-202,871
2019	$489,996	$712,370	$5,384,387	$-222,374
2018	$478,265	$678,616	$5,582,673	$-200,351

GOLER PLACE INC