GENESIS PLACE INC (EIN 310971146) - 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

1979

Legal Domicile

Principal Officer

SUSAN THOMAS

Phone

7656610140

Tax Period

2023-07-01 to 2024-06-30

GENESIS PLACE INC, founded in 1979, is a micro nonprofit that reported $51K in total revenue in fiscal year 2023.

Mission

GENESIS PLACE OPERATES A RESIDENTIAL FACILITY FOR ADULT MALES WHO HAVE BEEN DISCHARGED FROM MENTAL INSTITUTIONS. GENESIS PLACE PROVIDES LODGING, THREE MEALS A DAY, SNACKS, MEDICATION MONITORING,HOUSEKEEPING & OTHER ASSISTANCE.

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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 $0

Program Service Revenue $50,840

Investment Income $0

Other Revenue $0

TOTAL REVENUE $50,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,864

Fundraising Expenses $0

Program Expenses $37,412

Other Expenses $39,722

TOTAL EXPENSES $49,586

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,840	$50,352	+0.0%
Expenses	$49,586	$52,931	-0.1%
Net Income	$1,254	$-2,579	-1.5%

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

N/A

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

$8,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN THOMAS	EXECUTIVE DI	40.00	Officer	$8,788	$0	$8,788
LAURA TEDESCHI	BOARD MEMBER	0.00	Director	$0	$0	$0
SHELLEY SMITHLEY	SECRETARY/TR	0.00	Officer	$0	$0	$0
JOAN STANLEY	PRESIDENT	0.00	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
2024	$50,840	$49,586	$3,041	$1,254
2023	$50,352	$52,931	$589	$-2,579
2022	$48,684	$54,198	$4,529	$-5,514
2021	$54,070	$50,189	$5,247	$3,881
2020	$92,783	$89,258	$3,954	$3,525
2019	$149,518	$151,574	$2,883	$-2,056
2018	$184,389	$188,655	$4,494	$-4,266

GENESIS PLACE INC