Finnish-American Rest Home Inc (EIN 237116222) - 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

1970

Legal Domicile

Phone

5615884333

Tax Period

2024-07-01 to 2025-06-30

Finnish-American Rest Home Inc, founded in 1970, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

Operation of a home for the elderly to care for residents in a dignified and friendly manner. It strives to improve the residents quality of life and meet their individual needs.

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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 $220,982

Program Service Revenue $8,258,346

Investment Income $26,811

Other Revenue $0

TOTAL REVENUE $8,506,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,668,188

Fundraising Expenses $0

Program Expenses $7,824,314

Other Expenses $3,104,137

TOTAL EXPENSES $8,772,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,506,139	$10,267,388	-0.2%
Expenses	$8,772,325	$8,679,050	+0.0%
Net Income	$-266,186	$1,588,338	-1.2%

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

172

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

$164,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Benson	Executive Director	40.00	Officer	$164,566	$0	$164,566
Laila Lane	Chair	8.00	Officer Director	$0	$0	$0
Deborah Grotke	Treasurer	8.00	Officer Director	$0	$0	$0
Tia Wright	Secretary	24.00	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	$8,506,139	$8,772,325	$7,794,653	$-266,186
2024	$10,267,388	$8,679,050	$8,329,720	$1,588,338
2023	$8,881,904	$7,006,838	$6,102,750	$1,875,066
2022	$5,508,442	$6,238,888	$4,402,627	$-730,446
2021	$6,389,161	$6,091,663	$5,095,507	$297,498
2020	$6,246,187	$5,975,595	$4,707,794	$270,592
2019	$5,692,884	$5,947,980	$4,507,280	$-255,096
2018	$5,269,363	$5,335,828	$4,624,475	$-66,465

Finnish-American Rest Home Inc