KEARSARGE ELDERLY HOUSING INC (EIN 223027101) - 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

1992

Legal Domicile

Principal Officer

ROBERT HESLOP

Phone

6032253295

Tax Period

2023-10-01 to 2024-09-30

KEARSARGE ELDERLY HOUSING INC, founded in 1992, is a small nonprofit that reported $381K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $423K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO ELDERLY.

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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 $208,157

Program Service Revenue $162,280

Investment Income $754

Other Revenue $9,886

TOTAL REVENUE $381,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $352,660

Other Expenses $422,812

TOTAL EXPENSES $422,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$381,077	$417,204	-0.1%
Expenses	$422,812	$409,580	+0.0%
Net Income	$-41,735	$7,624	-6.5%

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
ROBERT HESLOP	PRESIDENT	2.00	Officer Director	$0	$0	$0
LORNA YOUNG	SECRETARY	2.00	Officer Director	$0	$0	$0
LINDA LOOP	TREASURER	2.00	Officer Director	$0	$0	$0
MICHELLE KENDRICK	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL SIMON	BOARD MEMBER	2.00	Director	$0	$0	$0
BARBARA BARTLETT	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY BROWN EDELMANN	BOARD MEMBER	2.00	Director	$0	$0	$0
JESSICA DUPONT	BOARD MEMBER	2.00	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
2024	$381,077	$422,812	$912,877	$-41,735
2023	$417,204	$409,580	$990,215	$7,624
2022	$417,411	$458,352	$981,139	$-40,941
2021	$403,802	$440,199	$1,024,080	$-36,397
2020	$435,828	$414,922	$1,073,227	$20,906
2019	$489,492	$431,400	$1,028,118	$58,092
2018	$400,786	$412,138	$958,757	$-11,352

KEARSARGE ELDERLY HOUSING INC