THE VILLAGES AT SEVEN SPRINGS INC

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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

1987

Legal Domicile

Principal Officer

MICHAEL LANCET

Phone

8143524716

Tax Period

2024-01-01 to 2024-12-31

THE VILLAGES AT SEVEN SPRINGS INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 8% surplus.

Mission

TO PROMOTE THE HEALTH, SAFETY, AND WELFARE OF THE RESIDENT MEMBERS OF THE COMMUNITY AND FOR THE CARE AND MAINTENANCE OF COMMON PROPERTY.

Program Service Accomplishments

Program 1

Expenses: $1,297,429 Revenue: $1,579,865

TO PROMOTE THE HEALTH, SAFETY, AND WELFARE OF THE RESIDENT MEMBERS OF THE COMMUNITY AND FOR THE CARE AND MAINTENANCE OF COMMON PROPERTY.

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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 $1,579,865

Investment Income $29,025

Other Revenue $0

TOTAL REVENUE $1,608,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,297,429

Other Expenses $1,483,174

TOTAL EXPENSES $1,483,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,608,890	$1,460,293	+0.1%
Expenses	$1,483,174	$1,642,397	-0.1%
Net Income	$125,716	$-182,104	-1.7%

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

564

Independent Members

564

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
MICHAEL LANCET	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM PERICH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVE MENDIS	TREASURER	2.00	Officer Director	$0	$0	$0
BOB SHERIDAN	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL MCRATH	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	$1,608,890	$1,483,174	$1,775,813	$125,716
2023	$1,460,293	$1,642,397	$1,607,103	$-182,104
2022	$1,405,373	$1,293,706	$1,844,877	$111,667
2021	$1,433,690	$1,350,831	$1,616,065	$82,859
2020	$1,340,811	$1,113,721	$1,604,464	$227,090
2019	$1,340,426	$1,361,176	$1,271,859	$-20,750