OUTBACK RETIREMENT CENTER 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

2008

Legal Domicile

Principal Officer

JERALD SIMMONS

Phone

5414104935

Tax Period

2020-01-01 to 2020-12-31

OUTBACK RETIREMENT CENTER INC, founded in 2008, is a micro nonprofit that reported $22K in total revenue in fiscal year 2020. Revenue surged 53% from the prior year, signaling strong growth momentum. Net assets of $536K represent 288 months of operating reserves.

Mission

TO PROMOTE AND PROCURE AFFORDABLE HOUSING FOR THE PUBLIC AND PRIVATE INDIVIDUALS, INCLUDING BUT NOT LIMITED TO AFFORDABLE RETIREMENT AND ASSISTED LIVING HOUSING AND CARE.

Program Service Accomplishments

Program 1

Expenses: $15,284 Revenue: $22,374

ORGANIZATION HAS PURCHASED A MOBILE HOME PARK TO CONVERT THE FACILITY INTO A SENIOR CENTER. ORGANIZATION WHEN FULLY DEVELOPED WILL BE ABLE TO PROVIDE A LOCATION FOR SENIOR LUNCHES AND POSSIBLY...

ORGANIZATION HAS PURCHASED A MOBILE HOME PARK TO CONVERT THE FACILITY INTO A SENIOR CENTER. ORGANIZATION WHEN FULLY DEVELOPED WILL BE ABLE TO PROVIDE A LOCATION FOR SENIOR LUNCHES AND POSSIBLY HOUSING. FACILITY HAS MANY OF THE BASIC THINGS SENIORS NEED: CLOSE BY GROCERY STORE, LAUNDRYMAT, BEAUTY SHOP, GIFT SHOP, RESTAURANT, AND CLINIC.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,605

Investment Income $0

Other Revenue $19,769

TOTAL REVENUE $22,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,980

Fundraising Expenses $0

Program Expenses $15,284

Other Expenses $7,814

TOTAL EXPENSES $22,794

Year-over-Year Comparison

	2020	2019	Change
Revenue	$22,374	$14,601	+0.5%
Expenses	$22,794	$37,071	-0.4%
Net Income	$-420	$-22,470	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDY SIMMONS	TREASURER	4.00	Officer	$0	$0	$0
RONNE LINDSAY	SECRETARY	2.00	Officer	$0	$0	$0
JERALD SIMMONS	CHAIRMAN	2.00	Officer	$0	$0	$0
AARON WESLER	BOARD MEMBER	2.00	Officer	$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	$22,374	$22,794	$557,126	$-420
2019	$14,601	$37,071	$558,171	$-22,470
2018	$57,505	$75,115	$563,684	$-17,610