STANFORD HOMES FOR ELDERLY INC

EIN: 300001994 501(c)(3) Housing & Shelter

MORRISTOWN, TN

Total Revenue
$215,089
Total Expenses
$251,820
Total Assets
$1,337,036
Net Assets
$-1,294,376
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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
2001
Legal Domicile
TN
Principal Officer
KAY HALE
Phone
4235861494
Tax Period
2024-10-01 to 2025-09-30

STANFORD HOMES FOR ELDERLY INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $215K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $252K exceeded revenue, resulting in a 17% operating deficit.

Mission

LOW-INCOME HOUSING FOR ELDERLY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $46,721
Program Service Revenue $167,759
Investment Income $609
Other Revenue $0
TOTAL REVENUE $215,089

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $251,820
Other Expenses $251,820
TOTAL EXPENSES $251,820

Year-over-Year Comparison

2024 2023 Change
Revenue $215,089 $198,502 +0.1%
Expenses $251,820 $260,068 0.0%
Net Income $-36,731 $-61,566 -0.4%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAY HALE PRESIDENT 0.10
Officer Director
$0 $0 $0
JOE BENTHAL DIRECTOR 0.10
Director
$0 $0 $0
LANE WOLFENBARGER DIRECTOR 0.10
Director
$0 $0 $0
JACK YATES VICE-PRESIDENT 0.10
Officer Director
$0 $0 $0
MISTY CAMERON DIRECTOR 0.10
Director
$0 $0 $0
BILL MITRIK SECRETARY 0.10
Officer Director
$0 $0 $0
MICHAEL COLLINS DIRECTOR 0.10
Director
$0 $0 $0
MEGAN BARNARD DIRECTOR 0.10
Director
$0 $0 $0
WILL SLIGER DIRECTOR 0.10
Director
$0 $0 $0
RENE TABOR DIRECTOR 0.10
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
2025 $215,089 $251,820 $1,337,036 $-36,731
2024 $198,502 $260,068 $1,394,634 $-61,566
2023 $170,442 $251,831 $1,467,033 $-81,389
2022 $184,531 $242,600 $1,532,718 $-58,069
2021 $195,684 $268,416 $1,597,269 $-72,732
2020 $189,965 $243,385 $1,675,652 $-53,420
2019 $180,110 $241,988 $1,760,589 $-61,878
2018 $162,524 $327,753 $1,841,405 $-165,229
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