NATIONAL CHURCH RESIDENCES OF GARL… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

JILL KOLB

Phone

6144512151

Tax Period

2023-07-01 to 2024-06-30

NATIONAL CHURCH RESIDENCES OF GARLAND TX, founded in 2003, is a small nonprofit that reported $435K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $558K exceeded revenue, resulting in a 28% operating deficit.

Mission

ORIGINATING FROM A CHRISTIAN COMMITMENT OF SERVICE, OUR MISSION IS TO PROVIDE HIGH QUALITY CARE, SERVICES AND RESIDENTIAL COMMUNITIES FOR ALL SENIORS.

Program Service Accomplishments

Program 1

Expenses: $499,302 Revenue: $211,620

THE SOLE PURPOSE IS TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $221,288

Program Service Revenue $209,632

Investment Income $1,772

Other Revenue $1,988

TOTAL REVENUE $434,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $499,302

Other Expenses $558,193

TOTAL EXPENSES $558,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$434,680	$326,334	+0.3%
Expenses	$558,193	$496,601	+0.1%
Net Income	$-123,513	$-170,267	-0.3%

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

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

$2,534,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH R KASBERG	DIRECTOR	0.10	Director	$0	$0	$0
LARRY BELLMAN	DIRECTOR	0.10	Director	$0	$0	$0
VIRGINIA BARNEY	DIRECTOR (THROUGH 12/31/23)	0.10	Director	$0	$0	$0
ROBERT MALONEY	DIRECTOR	0.10	Director	$0	$0	$0
SEAN DEFOUR	DIRECTOR	0.10	Director	$0	$0	$0
SANDRA BRUMMITT	DIRECTOR	0.10	Director	$0	$0	$0
TINGTING LI	DIRECTOR	0.10	Director	$0	$0	$0
GREG COMFORT	DIRECTOR (EFFECTIVE 01/01/24)	0.10	Director	$0	$0	$0
MATTHEW D RULE	PRESIDENT	0.10	Officer	$0	$46,401	$525,229
SONYA BROWN	VICE PRESIDENT	0.10	Officer	$0	$43,456	$432,573
JULIE M WOOLLEY	SECRETARY	0.10	Officer	$0	$28,373	$440,716
JILL KOLB	TREASURER	0.10	Officer	$0	$42,450	$286,273
ROBERT S WALTER	VICE PRESIDENT	0.10	Officer	$0	$37,100	$553,033
ERIC WALKER	VICE PRESIDENT	0.10	Officer	$0	$38,214	$296,808

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	No data	No data	No data	No data
2024	$434,680	$558,193	$2,764,045	$-123,513
2023	$326,334	$496,601	$2,838,754	$-170,267
2022	$327,122	$460,121	$2,929,026	$-132,999
2021	$306,428	$408,984	$3,020,232	$-102,556
2020	$300,452	$411,903	$3,127,121	$-111,451
2019	$310,121	$444,978	$3,224,599	$-134,857

NATIONAL CHURCH RESIDENCES OF GARLAND TX