ARDMORE HOUSING FOR THE ELDERLY INC (EIN 232212212) - 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

1982

Legal Domicile

Principal Officer

MARYAM PHILLIPS

Phone

2158558700

Tax Period

2024-01-01 to 2024-12-31

ARDMORE HOUSING FOR THE ELDERLY INC, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $846K in total revenue in fiscal year 2024. Expenses of $801K left a modest 5% surplus.

Mission

TO PROVIDE FOR ELDERLY PERSONS RENTAL HOUSING AND RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE AGED.

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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 $580,888

Program Service Revenue $245,477

Investment Income $19,732

Other Revenue $0

TOTAL REVENUE $846,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,619

Fundraising Expenses $0

Program Expenses $623,147

Other Expenses $562,119

TOTAL EXPENSES $800,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$846,097	$809,201	+0.0%
Expenses	$800,738	$731,816	+0.1%
Net Income	$45,359	$77,385	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARYAM PHILLIPS	PRESIDENT	0.30	Officer Director	$0	$0	$0
BISHOP MICHAEL BROKENBOROUGH	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
MARY GRAHAM-ZAK	SECRETARY	0.30	Officer Director	$0	$0	$0
DONNA ALLIE	BOARD MEMBER	0.30	Director	$0	$0	$0
ROSE JOHNSON	BOARD MEMBER	0.30	Director	$0	$0	$0
WILLIAM THOMAS MCDANIEL	BOARD MEMBER	0.30	Director	$0	$0	$0
BRENDA MCLAHAN	BOARD MEMBER	0.30	Director	$0	$0	$0
RUTH SPERBER	BOARD MEMBER	0.30	Director	$0	$0	$0
LORAINE CARTER	BOARD MEMBER (EFF 9/24)	0.30	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	$846,097	$800,738	$2,151,143	$45,359
2023	$809,201	$731,816	$2,216,807	$77,385
2022	$1,002,598	$735,846	$2,266,525	$266,752
2021	$822,456	$663,052	$2,071,709	$159,404
2020	$748,125	$709,885	$2,009,981	$38,240
2019	$733,064	$711,705	$2,079,819	$21,359
2018	$727,788	$698,633	$2,133,249	$29,155

ARDMORE HOUSING FOR THE ELDERLY INC