Beverly J Searles Foundation (EIN 260823326) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

Philip Searles

Phone

6784676861

Tax Period

2024-01-01 to 2024-12-31

Beverly J Searles Foundation, founded in 2007, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $2.3M exceeded revenue, resulting in a 17% operating deficit.

Mission

The organization has been formed to provide housing and support services for the elderly and disabled person and those with lower incomes.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $125,000

Program Service Revenue $1,657,962

Investment Income $144,989

Other Revenue $0

TOTAL REVENUE $1,927,951

Expense Breakdown

Grants Paid $4,540

Salaries & Benefits $883,023

Fundraising Expenses $0

Program Expenses $1,747,418

Other Expenses $1,374,891

TOTAL EXPENSES $2,262,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,927,951	$2,260,017	-0.1%
Expenses	$2,262,454	$2,312,707	0.0%
Net Income	$-334,503	$-52,690	+5.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$149,027

Total Directors

$149,027

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Philip E Searles	President	40.00	Officer Director	$149,027	$0	$149,027
G Malcolm Kilpatrick	Chairman & Director	5.00	Officer Director	$0	$0	$0
David S Searles Jr	Treasurer, Executive Direc	10.00	Officer Director	$0	$0	$0
Richard D Searles	Director	1.00	Director	$0	$0	$0
Patricia Gadson	Director	1.00	Director	$0	$0	$0
Brian Dickhaus	Director	1.00	Director	$0	$0	$0
Marion Nurse	Director	1.00	Director	$0	$0	$0
Donald Russell	Director	1.00	Director	$0	$0	$0
Charles Sheron	Director	1.00	Director	$0	$0	$0
Alysse Daniels	Director	1.00	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	$1,927,951	$2,262,454	$14,102,795	$-334,503
2023	$2,260,017	$2,312,707	$13,219,038	$-52,690
2022	$-789,306	$2,485,223	$12,697,372	$-3,274,529
2021	$5,670,761	$2,377,194	$17,035,487	$3,293,567
2020	$9,140,526	$2,953,622	$13,717,235	$6,186,904
2019	$3,768,853	$2,445,406	$7,325,579	$1,323,447
2018	$3,080,722	$1,932,454	$6,519,904	$1,148,268

Beverly J Searles Foundation