Fairmont Health Services Inc (EIN 223329025) - 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

1994

Legal Domicile

Principal Officer

William Shelton

Phone

2129826677

Tax Period

2024-01-01 to 2024-12-31

Fairmont Health Services Inc, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $589K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year.

Mission

Fairmont Health Services is a social services organization that owns and operates a residential homeless shelter that provides meals, shelter and ancillary services

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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 $0

Program Service Revenue $559,244

Investment Income $0

Other Revenue $29,984

TOTAL REVENUE $589,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $449,455

Fundraising Expenses $0

Program Expenses $558,819

Other Expenses $194,117

TOTAL EXPENSES $643,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$589,228	$736,165	-0.2%
Expenses	$643,572	$665,689	0.0%
Net Income	$-54,344	$70,476	-1.8%

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

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

$107,087

Total Directors

$107,087

Key Employees

$72,911

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wendy Shelton	Secretary	30.00	Officer Director Key Emp	$72,911	$0	$72,911
William Shelton	President	15.00	Officer Director	$34,176	$0	$34,176
Francis Dixon	Member	3.00	Director	$0	$0	$0
Stanley Varon	Chairman	3.00	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	$589,228	$643,572	$479,002	$-54,344
2023	$736,165	$665,689	$658,040	$70,476
2022	$487,512	$405,987	$507,683	$81,525
2021	$568,806	$493,207	$587,726	$75,599
2020	$314,241	$333,510	$493,520	$-19,269
2019	$308,372	$278,711	$493,520	$29,661
2018	$289,459	$319,960	$492,480	$-30,501

Fairmont Health Services Inc