St Mary's Residences (EIN 222504356) - 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

1983

Legal Domicile

Principal Officer

Winfield Brown

Phone

2077778546

Tax Period

2024-01-01 to 2024-12-31

St Mary's Residences, founded in 1983, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $330K, a strong 17% operating margin.

Mission

St. Mary's Residences offers 128 private apartments reserved exclusively for seniors and/or handicapped individuals. Residents have the independence of living on their own, with some extra help when needed.

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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 $13,422

Program Service Revenue $1,943,850

Investment Income $38,888

Other Revenue $0

TOTAL REVENUE $1,996,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,564,603

Other Expenses $1,666,119

TOTAL EXPENSES $1,666,119

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,996,160	$2,040,333	0.0%
Expenses	$1,666,119	$2,149,659	-0.2%
Net Income	$330,041	$-109,326	-4.0%

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

$2,367,606

Total Directors

$673,982

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffery Davila MD	Director	1.00	Director	$0	$11,598	$673,982
David Geiger Esq	Director	1.00	Director	$0	$0	$0
Ralph Harder MD	Director	1.00	Director	$0	$0	$0
Lena Jo Hartley	Director	1.00	Director	$0	$0	$0
John Isaacson	Director	1.00	Director	$0	$0	$0
Deacon Denis Mailhot	Director	1.00	Director	$0	$0	$0
Kathy McManus	Director	1.00	Director	$0	$0	$0
Steve Ouellette	Director	1.00	Director	$0	$0	$0
Jonathan Torres MD	Director (start 10/2024)	1.00	Director	$0	$0	$0
Mark Anthoine	Chair	1.00	Officer Director	$0	$0	$0
Stephen Grubbs	Covenant Health, President & CEO	0.10	Officer	$0	$40,164	$1,276,101
Joseph Marino	CFO & Treasurer	1.00	Officer	$0	$4,942	$311,054
Cynthia Scott	Secretary	1.00	Officer	$0	$16,528	$92,627
Cindy Segar-Miller	President & CEO (end 10/2024)	1.00	Officer	$0	$0	$525,524
Winfield Brown	President & CEO (start 10/2024)	1.00	Officer	$0	$5,727	$162,300

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	$1,996,160	$1,666,119	$4,161,749	$330,041
2023	$2,040,333	$2,149,659	$4,151,304	$-109,326
2022	$1,956,106	$1,411,707	$3,745,876	$544,399
2021	$1,858,369	$1,444,107	$3,490,165	$414,262
2020	$1,891,808	$1,467,305	$2,959,074	$424,503
2019	$1,898,938	$1,540,684	$2,794,175	$358,254
2018	$1,844,312	$1,706,026	$2,460,740	$138,286

St Mary's Residences