ENHANCED LIVING INC (EIN 205007756) - 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

Principal Officer

REBECCA STEARNS HASSAN

Phone

8025782238

Tax Period

2023-01-01 to 2023-12-31

ENHANCED LIVING INC is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2023. Expenses of $3.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO CONSTRUCT AND OPERATE A 35,000 SQUARE FOOT ASSISTED LIVING COMMUNITY THAT WILL PROVIDE HOUSING FOR UP TO 50 RESIDENTS WHO ARE SENIORS IN NEED OF SERVICES.

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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 $29,840

Program Service Revenue $3,368,084

Investment Income $799

Other Revenue $11,318

TOTAL REVENUE $3,410,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,729,429

Fundraising Expenses $0

Program Expenses $3,404,993

Other Expenses $2,127,289

TOTAL EXPENSES $3,856,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,410,041	$3,190,690	+0.1%
Expenses	$3,856,718	$3,389,733	+0.1%
Net Income	$-446,677	$-199,043	+1.2%

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

104

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

$123,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRETCHEN COLE	FORMER EXECU	40.00	Officer	$93,054	$0	$93,054
MICHAEL FLOURNOY	EXECUTIVE DI	40.00	Officer	$30,652	$0	$30,652
JODY AMEDEN	TRUSTEE	1.00	Director	$0	$0	$0
CHARLIE BARTON	TRUSTEE	1.00	Director	$0	$0	$0
CAROLE FREEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
NANCY FROST	TRUSTEE	1.00	Director	$0	$0	$0
GRAHAM GOVE	TREASURER/VP	1.00	Officer Director	$0	$0	$0
JANE KITCHEL	TRUSTEE	1.00	Director	$0	$0	$0
DOUG KLIENTOP	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA LORNITZO	TRUSTEE	1.00	Director	$0	$0	$0
AMY PERRY	TRUSTEE	1.00	Director	$0	$0	$0
DAN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
JAKE THOMPSON	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$3,410,041	$3,856,718	$9,315,814	$-446,677
2022	$3,190,690	$3,389,733	$9,700,583	$-199,043
2021	$2,956,569	$3,131,175	$9,856,214	$-174,606
2020	$3,209,342	$3,194,777	$10,354,243	$14,565
2019	$1,538,946	$3,011,300	$10,401,612	$-1,472,354
2018	$397,521	$56,770	$9,961,972	$340,751

ENHANCED LIVING INC