FOUNDATION FOR ADULT LIVING INC C/O HLB GROSS COLLINS PC

EIN: 204168841 501(c)(3)

ATLANTA, GA

Total Revenue
$70,200
Total Expenses
$148,120
Total Assets
N/A
Net Assets
N/A
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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
2006
Legal Domicile
DE
Principal Officer
ELAINE BOLICK
Phone
7704331711
Tax Period
2018-01-01 to 2018-12-31

FOUNDATION FOR ADULT LIVING INC C/O HLB GROSS COLLINS PC, founded in 2006, is a micro nonprofit that reported $70K in total revenue in fiscal year 2018. Expenses of $148K exceeded revenue, resulting in a 111% operating deficit.

Mission

TO OWN AND OPERATE ALL FOUNDATION FOR ADULT LIVING NURSING HOMES.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $70,200
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $70,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $148,120
Other Expenses $148,120
TOTAL EXPENSES $148,120

Year-over-Year Comparison

2018 2017 Change
Revenue $70,200 N/A N/A
Expenses $148,120 $18,816 +6.9%
Net Income $-77,920 $-18,816 +3.1%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERENCE SCHWARTZ DIRECTOR 1.00
Director
$0 $0 $0
KAREN AUSTIN DIRECTOR 1.00
Director
$0 $0 $0
JASON SCHREIBER DIRECTOR 1.00
Director
$0 $0 $0
JAMES JAROSIK DIRECTOR 1.00
Director
$0 $0 $0
ELAINE BOLICK PRESIDENT 1.00
Officer Director
$0 $0 $0
R CRAIG STRICKLAND DIRECTOR 1.00
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
2018 $70,200 $148,120 No data $-77,920
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