Serenity House of Atlanta Ministries Inc (EIN 270609349) - 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

2009

Legal Domicile

Phone

8444737364

Tax Period

2024-01-01 to 2024-12-31

Serenity House of Atlanta Ministries Inc, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $365K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $500K exceeded revenue, resulting in a 37% operating deficit.

Mission

The mission is to support and strengthen people in making changes in their lives for a better tomorrow by providing transitional living services.

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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 $365,260

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $365,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,954

Fundraising Expenses $232

Program Expenses $425,467

Other Expenses $322,060

TOTAL EXPENSES $500,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$365,260	$468,458	-0.2%
Expenses	$500,014	$537,864	-0.1%
Net Income	$-134,754	$-69,406	+0.9%

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

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
Terrell Whiting	Board Member	1.00	Director	$0	$0	$0
Brian Wigfall	Board Member	1.00	Director	$0	$0	$0
Rayshawn Wilson	Board Member	1.00	Director	$0	$0	$0
Robert Grable	Board Member	40.00	Officer Director	$0	$0	$0
Norman Bethea	CEO & Board Chairman	40.00	Officer Director	$0	$0	$0
Pamela Bethea	Vice Chairman & CFO	40.00	Officer Director	$0	$0	$0
Juwan Bethea	Treasurer	10.00	Officer Director	$0	$0	$0
Akilah Bethea	Secretary	20.00	Officer 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	$365,260	$500,014	$1,131,154	$-134,754
2023	$468,458	$537,864	$1,136,792	$-69,406
2022	$546,432	$677,688	$1,136,792	$-131,256
2021	$481,578	$782,364	$1,279,749	$-300,786
2020	$718,705	$811,402	$1,238,927	$-92,697
2019	$1,087,850	$1,115,897	$1,204,409	$-28,047
2018	$1,210,926	$1,252,243	$1,231,319	$-41,317
2017	$1,395,497	$1,152,726	$1,136,848	$242,771

Serenity House of Atlanta Ministries Inc