MEIGS COUNTY ELDERLY HOUSING CORPORATION (EIN 311045333) - 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

1983

Legal Domicile

Principal Officer

WILLIAM YOUNG

Phone

7403748150

Tax Period

2024-01-01 to 2024-12-31

MEIGS COUNTY ELDERLY HOUSING CORPORATION, founded in 1983, is a small nonprofit that reported $545K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $505K left a modest 7% surplus.

Mission

OPERATION OF SENIOR CITIZENS HOUSING COMPLEX

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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 $0

Program Service Revenue $539,353

Investment Income $73

Other Revenue $5,820

TOTAL REVENUE $545,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $378,004

Other Expenses $504,788

TOTAL EXPENSES $504,788

Year-over-Year Comparison

	2024	2023	Change
Revenue	$545,246	$499,108	+0.1%
Expenses	$504,788	$460,552	+0.1%
Net Income	$40,458	$38,556	+0.0%

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

N/A

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
WILLIAM YOUNG	PRESIDENT	1.00	Officer Director	$0	$0	$0
LORI MILLER	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPHINE HILL	MEMBER	1.00	Director	$0	$0	$0
BILL NEASE	MEMBER	1.00	Director	$0	$0	$0
CHARLENE RUTHERFORD	MEMBER	1.00	Director	$0	$0	$0
DONNA CARR	MEMBER	1.00	Director	$0	$0	$0
BILL FRANCIS	MEMBER	1.00	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	$545,246	$504,788	$425,803	$40,458
2023	$499,108	$460,552	$434,014	$38,556
2022	$452,657	$494,685	$471,728	$-42,028
2021	$456,906	$455,962	$552,697	$944
2020	$499,315	$493,623	$587,682	$5,692
2019	$484,681	$492,040	$621,085	$-7,359
2018	$463,640	$438,948	$671,244	$24,692

MEIGS COUNTY ELDERLY HOUSING CORPORATION