SLOVENE HOME FOR THE AGED FOUNDATION (EIN 311597513) - 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

1997

Legal Domicile

Phone

2164860268

Tax Period

2024-01-01 to 2024-12-31

SLOVENE HOME FOR THE AGED FOUNDATION, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 951% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 94% operating deficit.

Mission

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE SLOVENE HOME FOR THE AGED, AN OHIO NON-PROFIT CORPORATION, WHICH IS EXEMPT FROM INCOME TAX UNDER SECTION 501(c)(3) of the IRS CODE.

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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 $19,926

Program Service Revenue $0

Investment Income $986,136

Other Revenue $0

TOTAL REVENUE $1,006,062

Expense Breakdown

Grants Paid $1,850,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,850,000

Other Expenses $104,729

TOTAL EXPENSES $1,954,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,006,062	$95,710	+9.5%
Expenses	$1,954,729	$1,092,073	+0.8%
Net Income	$-948,667	$-996,363	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
MATTHEW KOCIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALENKA WINSLETT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN BLANCHARD	TREASURER	1.00	Officer Director	$0	$0	$0
RAY MARVAR	SECRETARY	1.00	Officer Director	$0	$0	$0
ALBERT KLAVORA	TRUSTEE	1.00	Director	$0	$0	$0
DOUG ELERSICH	TRUSTEE	1.00	Director	$0	$0	$0
KANDACE FRANKLIN	TRUSTEE	1.00	Director	$0	$0	$0
MARIA HECKAMAN	TRUSTEE	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	$1,006,062	$1,954,729	$23,850,988	$-948,667
2023	$95,710	$1,092,073	$24,065,013	$-996,363
2022	$1,252,192	$660,944	$23,693,499	$591,248
2021	$1,671,747	$78,176	$24,916,267	$1,593,571
2020	$185,074	$2,252,220	$21,911,740	$-2,067,146
2019	$1,099,059	$88,812	$23,388,153	$1,010,247
2018	$1,254,557	$89,995	$21,322,038	$1,164,562

SLOVENE HOME FOR THE AGED FOUNDATION