TOWNSEND ELDERLY RESIDENCES INC (EIN 222619885) - 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

1985

Legal Domicile

Principal Officer

BRIAN SCALES

Phone

9786306600

Tax Period

2024-11-01 to 2025-10-31

TOWNSEND ELDERLY RESIDENCES INC, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $749K in total revenue in fiscal year 2024. Expenses of $711K left a modest 5% surplus.

Mission

TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS IN TOWNSEND, MA.

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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 $482,166

Program Service Revenue $262,918

Investment Income $121

Other Revenue $3,825

TOTAL REVENUE $749,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $647,192

Other Expenses $711,112

TOTAL EXPENSES $711,112

Year-over-Year Comparison

	2024	2023	Change
Revenue	$749,030	$748,682	+0.0%
Expenses	$711,112	$724,537	0.0%
Net Income	$37,918	$24,145	+0.6%

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

$351,601

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE STEVENS	DIRECTOR	0.10	Director	$0	$0	$0
BRIAN SCALES	PRESIDENT/TREASURER	0.10	Officer	$0	$15,270	$273,015
DEBORAH FOLEY	CLERK/RESIDENT AGENT	0.10	Officer	$0	$0	$78,586

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	$749,030	$711,112	$1,253,489	$37,918
2024	$748,682	$724,537	$1,323,830	$24,145
2023	$724,719	$676,350	$1,365,363	$48,369
2022	$664,847	$696,340	$1,433,455	$-31,493
2021	$674,633	$667,065	$1,555,194	$7,568
2020	$649,759	$643,268	$1,629,422	$6,491
2019	$648,919	$652,214	$1,714,716	$-3,295
2018	$631,407	$639,957	$1,770,349	$-8,550

TOWNSEND ELDERLY RESIDENCES INC