PASSAVANT MEMORIAL HOMES VII (EIN 208205630) - 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

2007

Legal Domicile

Principal Officer

RICK D SENFT

Phone

4128201010

Tax Period

2023-07-01 to 2024-06-30

PASSAVANT MEMORIAL HOMES VII, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $68K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $87K exceeded revenue, resulting in a 30% operating deficit.

Mission

IT IS THE MISSION OF PASSAVANT MEMORIAL HOMES VII TO DEVELOP AND OPERATE REAL ESTATE PROPERTIES FOR HOUSING FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES, AUTISM, AND BEHAVIORAL HEALTH NEEDS.

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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 $67,524

Investment Income $38

Other Revenue $0

TOTAL REVENUE $67,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,406

Other Expenses $87,497

TOTAL EXPENSES $87,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,562	$75,850	-0.1%
Expenses	$87,497	$75,490	+0.2%
Net Income	$-19,935	$360	-56.4%

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

$2,650,019

Total Directors

$2,946,318

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE KUSHIK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DONNA BAZZONE	CFO & TREASURER	1.00	Officer Director	$0	$35,825	$405,649
LEWIS MINETT	COS & SECRETARY	1.00	Officer Director	$0	$39,994	$489,010
RICK D SENFT	CEO & PRESIDENT	1.00	Officer Director	$0	$36,502	$1,104,092
ZACHARY SENFT	COO & VICE PRESIDENT	1.00	Officer Director	$0	$40,025	$651,268
WILLIAM SHERBONDY	EXECUTIVE DIRECTOR	1.00	Director	$0	$36,005	$296,299

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	No data	No data	No data	No data
2024	$67,562	$87,497	$648,761	$-19,935
2023	$75,850	$75,490	$646,417	$360
2022	$76,927	$103,377	$652,924	$-26,450
2021	$76,899	$70,753	$673,724	$6,146
2020	$76,765	$66,624	$664,558	$10,141
2019	$70,538	$65,403	$659,759	$5,135

PASSAVANT MEMORIAL HOMES VII