MON ELDER SERVICES 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

1997

Legal Domicile

Principal Officer

DAVID S GOLDBERG

Phone

3045981242

Tax Period

2023-01-01 to 2023-12-31

MON ELDER SERVICES INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $7.1M in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum. Expenses of $6.6M left a modest 7% surplus.

Mission

TO BE THE SENIOR LIVING COMMUNITY OF CHOICE IN MONONGALIA COUNTY. THE RESPECT, TRUST, AND FRIENDSHIP OF OUR RESIDENTS WILL BE EARNED EVERY DAY.

Program Service Accomplishments

Program 1

Expenses: $5,501,022 Revenue: $6,381,540

CONTINUING CARE RETIREMENT VILLAGE CONSISTING OF 90 INDEPENDENT LIVING APARTMENTS, 40 ASSISTED LIVING UNITS, AND COMMON SUPPORT AREAS ON 11 ACRES.

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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 $6,381,540

Investment Income $760,598

Other Revenue $0

TOTAL REVENUE $7,142,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,678,398

Fundraising Expenses $0

Program Expenses $5,501,022

Other Expenses $2,949,172

TOTAL EXPENSES $6,627,570

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,142,138	$3,159,505	+1.3%
Expenses	$6,627,570	$3,205,358	+1.1%
Net Income	$514,568	$-45,853	-12.2%

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

$890,036

Total Directors

$3,050,768

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID L RAMSEY	DIRECTOR & VANDALIA CEO	1.00	Director	$0	$166,947	$2,160,732
DAVID GOLDBERG	DIRECTOR & MHS CEO	1.00	Officer Director	$0	$36,373	$890,036
ED BOYLE	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN LAW CPA	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KATHY MCNEILL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BOBBIE CONKLIN	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
MARK JOHNSON MD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE STONE	DIRECTOR	1.00	Director	$0	$0	$0
RAY THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY BEAN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD G STOVASH	DIRECTOR	1.00	Director	$0	$0	$0
TERRY SHAFFER	DIRECTOR	1.00	Director	$0	$0	$0
JEANETTE LANCASTER	EXECUTIVE DIRECTOR	50.00	Highest	$134,404	$13,276	$147,680
WILMA STERNTHAL	EXECUTIVE DIRECTOR	50.00	Highest	$136,349	$4,322	$140,671

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	$7,142,138	$6,627,570	$40,597,230	$514,568
2022	$6,415,154	$6,523,250	$32,374,549	$-108,096
2022	$3,159,505	$3,205,358	$38,940,579	$-45,853
2021	$7,362,808	$6,194,367	$35,632,091	$1,168,441
2020	$9,076,910	$6,201,652	$32,094,304	$2,875,258
2019	$6,096,223	$6,083,787	$32,268,128	$12,436
2018	$6,062,044	$6,048,929	$31,224,287	$13,115