Maineville Elderly Inc

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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

1986

Legal Domicile

Principal Officer

William Moorhead

Phone

6148184640

Tax Period

2023-01-01 to 2023-12-31

Maineville Elderly Inc, founded in 1986, is a small nonprofit that reported $389K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $451K exceeded revenue, resulting in a 16% operating deficit.

Mission

Multifamily Subsidized Housing Apartment rental to the handicapped and elderly. Rent subsidy received from HUD. The Project was sold in 2023

Program Service Accomplishments

Program 1

Expenses: $307,801 Revenue: $385,790

Apartment rental to the handicapped and elderly and related services, Rent subsidy is received from HUD. The Project was sold in 2023

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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 $385,790

Investment Income $2,818

Other Revenue $0

TOTAL REVENUE $388,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,898

Fundraising Expenses $0

Program Expenses $307,801

Other Expenses $364,343

TOTAL EXPENSES $451,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$388,608	$473,769	-0.2%
Expenses	$451,241	$402,912	+0.1%
Net Income	$-62,633	$70,857	-1.9%

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
William Moorhead	President	1.00	Officer	$0	$0	$0
Melissa Steele	Secretary	1.00	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
2023	$388,608	$451,241	No data	$-62,633
2022	$473,769	$402,912	$982,404	$70,857
2021	$496,946	$401,515	$948,667	$95,431
2020	$412,618	$390,014	$909,759	$22,604
2019	$412,928	$414,017	$911,239	$-1,089
2018	$434,288	$383,793	$956,043	$50,495