GOLDEN AGE NONPROFIT HOUSING CORPORATION (EIN 237320198) - 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

Principal Officer

RACHEL OLMSTED

Phone

2693821255

Tax Period

2019-07-01 to 2020-06-30

GOLDEN AGE NONPROFIT HOUSING CORPORATION, founded in 1970, is a micro nonprofit that reported $8K in total revenue in fiscal year 2019. Revenue fell 96% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $25K, a strong 309% operating margin.

Mission

HOUSING AND PERSONAL CARE/ASSISTED LIVING FOR LOW AND MIDDLE INCOME ELDERLY AND/OR PHYSICALLY HANDICAPPED.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,491

Investment Income $5,470

Other Revenue $0

TOTAL REVENUE $7,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,038

Fundraising Expenses $0

Program Expenses $-20,996

Other Expenses $-20,665

TOTAL EXPENSES $-16,627

Year-over-Year Comparison

	2019	2018	Change
Revenue	$7,961	$192,046	-1.0%
Expenses	$-16,627	$918,611	-1.0%
Net Income	$24,588	$-726,565	-1.0%

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

$580,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY PRINCE	CEO	1	Officer	$0	$14,101	$239,884
RACHEL OLMSTED	CFO	1	Officer	$0	$4,477	$175,633
PAUL BARBER	COO	1	Officer	$0	$16,042	$164,969
MYRA JOHNSON	VICE PRESIDENT, HUMAN RESOURCES	1	Highest	$0	$13,340	$130,215
MEREDITH HOLYSZ	ADMINISTRATOR UPJOHN CARE & REHABILITATION CENTER	0	Highest	$0	$18,390	$122,335
ROXANNE FLETCHER	DIRECTOR OF IT	1	Highest	$0	$15,437	$121,361
SNEHA BADINEHAL	REHABILITATION MANAGER	0	Highest	$0	$0	$104,007
REX L BELL	BOARD CHAIR	1	Officer Director	$0	$0	$0
RICHARD NAGLE	DIRECTOR	1	Director	$0	$0	$0
M PATRICIA FUEHR	BOARD SECRETARY	1	Officer Director	$0	$0	$0
JOSEPH A D'AMBROSIO	BOARD VICE CHAIR	1	Officer Director	$0	$0	$0
J PATRICK DYSON	DIRECTOR	1	Director	$0	$0	$0
SIDNEY ELLIS	DIRECTOR	1	Director	$0	$0	$0
JAMES ESCAMILLA	DIRECTOR	1	Director	$0	$0	$0
WILLIAM MILLARD	BOARD TREASURER	1	Officer Director	$0	$0	$0
BOB MILLER	DIRECTOR	1	Director	$0	$0	$0
DENISE NEELY	DIRECTOR	1	Director	$0	$0	$0
DONALD KNEEPKENS	WYNDHAM RESIDENT REPRESENTATIVE	1	Director	$0	$0	$0
LAURA ELLER	DIRECTOR	1	Director	$0	$0	$0
R CORY SPAULDING	DIRECTOR	1	Director	$0	$0	$0
MARINA HOUGHTON	DIRECTOR	1	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
2020	$7,961	$-16,627	No data	$24,588
2019	$192,046	$918,611	$-469,903	$-726,565
2018	$484,200	$662,501	$758,122	$-178,301

GOLDEN AGE NONPROFIT HOUSING CORPORATION