PORTAGE HOMES FOR ELDERLY INC (EIN 204698478) - 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

2006

Legal Domicile

Principal Officer

KAY HALE

Phone

4235861494

Tax Period

2024-10-01 to 2025-09-30

PORTAGE HOMES FOR ELDERLY INC, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $100K in total revenue in fiscal year 2024. Expenses of $151K exceeded revenue, resulting in a 52% operating deficit.

Mission

LOW-INCOME HOUSING FOR 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 (2024)

Revenue Breakdown

Contributions & Grants $5,608

Program Service Revenue $92,754

Investment Income $1,264

Other Revenue $0

TOTAL REVENUE $99,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $151,331

Other Expenses $151,331

TOTAL EXPENSES $151,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$99,626	$103,568	0.0%
Expenses	$151,331	$145,572	+0.0%
Net Income	$-51,705	$-42,004	+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

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
KAY HALE	PRESIDENT	0.10	Officer Director	$0	$0	$0
JOE BENTHAL	DIRECTOR	0.10	Director	$0	$0	$0
LANE WOLFENBARGER	DIRECTOR	0.10	Director	$0	$0	$0
JACK YATES	VICE-PRESIDENT	0.10	Officer Director	$0	$0	$0
MISTY CAMERON	DIRECTOR	0.10	Director	$0	$0	$0
BILL MITRIK	SECRETARY	0.10	Officer Director	$0	$0	$0
MICHAEL COLLINS	DIRECTOR	0.10	Director	$0	$0	$0
MEGAN BARNARD	DIRECTOR	0.10	Director	$0	$0	$0
WILL SLIGER	DIRECTOR	0.10	Director	$0	$0	$0
RENE TABOR	DIRECTOR	0.10	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
2025	$99,626	$151,331	$1,232,250	$-51,705
2024	$103,568	$145,572	$1,282,371	$-42,004
2023	$94,095	$129,764	$1,323,594	$-35,669
2022	$94,357	$143,375	$1,360,243	$-49,018
2021	$87,268	$132,700	$1,406,129	$-45,432
2020	$85,021	$131,364	$1,450,957	$-46,343
2019	$83,527	$121,764	$1,498,522	$-38,237
2018	$83,183	$121,624	$1,535,298	$-38,441

PORTAGE HOMES FOR ELDERLY INC