SULLIVAN MCKINNEY ELDER HOUSING INC (EIN 222536262) - 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

1984

Legal Domicile

Principal Officer

CAROLYN DURGY

Phone

2032591991

Tax Period

2025-01-01 to 2025-12-31

SULLIVAN MCKINNEY ELDER HOUSING INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

NATIONAL HOUSING ACT, AND THE REGULATIONS THEREUNDER NOW IN EFFECT. IT HAS LEASED, RENOVATED, AND OPERATES AN APARTMENT COMPLEX OF 40 UNITS IN FAIRFIELD, CONNECTICUT. THE PROJECT IS REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). AS TO RENT CHARGES AND OPERATING METHODS, THE AGENCY RECEIVES MORTGAGE FINANCING UNDER SECTION 202 AND RECEIVES APPROXIMATELY 75% OF ITS APARTMENT RENTAL INCOME FROM SECTION 8 SUBSIDIES PROVIDED BY HUD.

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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 (2025)

Revenue Breakdown

Contributions & Grants $775,682

Program Service Revenue $260,049

Investment Income $499

Other Revenue $0

TOTAL REVENUE $1,036,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,146

Fundraising Expenses $0

Program Expenses $910,162

Other Expenses $926,206

TOTAL EXPENSES $1,080,352

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,036,230	$918,462	+0.1%
Expenses	$1,080,352	$944,070	+0.1%
Net Income	$-44,122	$-25,608	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN DURGY	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICE A KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MCDERMOTT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CONNIE M SAXL	DIRECTOR	1.00	Director	$0	$0	$0
JILL VAGARA	SECRETARY	1.00	Officer 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	$1,036,230	$1,080,352	$2,347,265	$-44,122
2024	$918,462	$944,070	$2,481,435	$-25,608
2023	$831,850	$870,092	$2,692,944	$-38,242
2022	$839,175	$884,399	$2,771,360	$-45,224
2021	$806,925	$897,875	$2,856,993	$-90,950
2020	$797,171	$856,790	$2,999,970	$-59,619
2019	$773,758	$801,907	$3,098,804	$-28,149
2018	$765,388	$804,806	$3,200,465	$-39,418

SULLIVAN MCKINNEY ELDER HOUSING INC