Margaret Manor Elderly Housing Inc (EIN 273463293) - 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

2010

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Margaret Manor Elderly Housing Inc, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $139K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $197K exceeded revenue, resulting in a 41% operating deficit.

Mission

Provide 20 units of HUD Section 202 housing for low income elderly individuals.

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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 $27,555

Program Service Revenue $81,887

Investment Income $2,271

Other Revenue $27,642

TOTAL REVENUE $139,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,367

Fundraising Expenses $0

Program Expenses $191,407

Other Expenses $181,640

TOTAL EXPENSES $197,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$139,355	$110,947	+0.3%
Expenses	$197,007	$185,969	+0.1%
Net Income	$-57,652	$-75,022	-0.2%

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
K Kirke Kickingbird	Board Member	1.00	Director	$0	$0	$0
Cheryl Smith	Board Member	1.00	Director	$0	$0	$0
Nicole Erskine	Board Member	1.00	Director	$0	$0	$0
Cincie Upchego	Secretary	1.00	Officer Director	$0	$0	$0
Sharon Wise	President	1.00	Officer Director	$0	$0	$0
Richard Welbourne	Vice-President	1.00	Officer Director	$0	$0	$0
Nathan Hart	Treasurer	1.00	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	No data	No data	No data	No data
2023	$139,355	$197,007	$1,485,549	$-57,652
2022	$110,947	$185,969	$1,531,563	$-75,022
2021	$113,586	$172,761	$1,605,010	$-59,175
2020	$103,408	$177,896	$1,667,214	$-74,488
2019	$105,120	$184,211	$1,744,184	$-79,091
2018	$111,149	$178,479	$1,821,273	$-67,330

Margaret Manor Elderly Housing Inc