Hinkson Memorial Assisted Living CO

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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

KEN ISAACSON

Tax Period

2023-01-01 to 2023-12-31

Mission

TO BUILD AND MAINTAIN A BUILDING FOR AN ASSISTED LIVING CENTER. Facility had been closed due to Covid. A new Management Co was hired in 2022/ The Facility had to be recertified by the state and will be reopened in 2025

Program Service Accomplishments

Program 1

Expenses: $59,030

BUILDING WAS PROVIDED TO HOUSE AN ASSISTED LIVING FACILITY IN A REMOTE AREA OF AZ. IT IS MANAGED BY AN ASSISTED LIVING COMPANY WITH EXPERIENCE OPERATING AN ASSITED LIVING FACILITY. THEIR CONTRACT WAS TERMINATED IN 2020 AND THE PROCEDURE TO FIND ANOTHER COMPANY HAS BEEN STARTED. DUE TO COVID THE FACILITY WAS NOT ABLE TO PROCURE ANOTHER COMPANY TO MANAGE THE ASSISTED LIVING FACILITY DURING 2020 or 2021. The facility has to be re-certified by the State of AZ and will be reopened in 2025

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,030

Other Expenses $59,030

TOTAL EXPENSES $59,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	$59,030	N/A	N/A
Net Income	N/A	N/A	N/A

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
KIM MATTICE	DIRECTOR	1.00	Director	$0	$0	$0
DANA OVERSON	SECRETARYTREASURER	10.00	Officer	$0	$0	$0
KEN ISAACSON	PRESIDENT	1.00	Officer	$0	$0	$0
DAVID BROWN	VICE PRESIDENT	1.00	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
2023	No data	$59,030	$1,527,432	No data
2022	$2,033	$65,889	$1,586,462	$-63,856
2021	$2,000	$68,183	$1,650,318	$-66,183
2020	$3,642	$63,735	$1,726,120	$-60,093
2019	$3,553	$65,839	$1,786,213	$-62,286
2018	$40,875	$62,926	$1,848,500	$-22,051