Samaritan Housing Foundation 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

Legal Domicile

Phone

8662611814

Tax Period

2023-01-01 to 2023-12-31

Samaritan Housing Foundation Inc is a mid-sized nonprofit in the Human Services sector that reported $18.5M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $22.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

LIFE CARE FOR RESIDENTS OF SIXTY-TWO PLUS (62+) YEARS OF AGE, WHILE EMPHASIZING AN ACTIVE LIFESTYLE, INDIVIDUAL INDEPENDENCE, PERSONAL DIGNITY, DESIGNED TO MEET THEIR SPECIAL NEEDS FOR HOUSING, HEALTHCARE, AND FINANCIAL SECURITY.

Program Service Accomplishments

Program 1

Expenses: $18,950,384 Revenue: $16,114,075

Searstone Retirement Community is made up of 169 living units for 245 people and 39 beds of nursing care, 14 for assisted living and 25 for nursing care. Services such as meals, housekeeping...

Searstone Retirement Community is made up of 169 living units for 245 people and 39 beds of nursing care, 14 for assisted living and 25 for nursing care. Services such as meals, housekeeping, maintenance, activities, transportation, and nursing services are available. We offer physical, occupational and speech therapy for those residents who can benefit from these programs. We have a food service program which provides meals to residents, their guests and our staff. Activities are offered in each level of care depending on the level of activities suitable for that level of care, from going out to public programs such as theater productions to symphonies, or having in-house events comprised of theme parties and games. Our nursing services cover the entire campus and range from emergency nursing services to 24-hour nursing services.

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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 $78,881

Program Service Revenue $16,114,075

Investment Income $2,272,783

Other Revenue $0

TOTAL REVENUE $18,465,739

Expense Breakdown

Grants Paid $803,363

Salaries & Benefits $5,906,535

Fundraising Expenses $0

Program Expenses $18,950,384

Other Expenses $15,873,083

TOTAL EXPENSES $22,582,981

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,465,739	$14,492,637	+0.3%
Expenses	$22,582,981	$20,325,311	+0.1%
Net Income	$-4,117,242	$-5,832,674	-0.3%

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

290

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

$686,769

Total Directors

$57,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Director	2.0	Director	$2,250	$0	$2,250
N/A	Director	2.0	Director	$8,000	$0	$8,000
N/A	Special Advisor	2.0	Director	$10,200	$0	$10,200
N/A	Director	4.0	Director	$10,000	$0	$10,000
N/A	Director	2.0	Director	$6,850	$0	$6,850
N/A	Director	2.0	Director	$8,950	$0	$8,950
N/A	Director	2.0	Director	$2,250	$0	$2,250
N/A	Director	2.0	Director	$9,050	$0	$9,050
N/A	CFO	40.0	Officer	$167,392	$13,963	$181,355
N/A	President	25.0	Officer	$285,224	$24,401	$309,625
N/A	Executive Director	40.0	Officer	$192,197	$3,592	$195,789
N/A	Director of Marketing	40.0	Highest	$154,435	$9,185	$163,620
N/A	Director of Nursing	40.0	Highest	$101,863	$0	$101,863
N/A	Administrator	40.0	Highest	$114,591	$7,191	$121,782

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	$18,465,739	$22,582,981	$317,862,620	$-4,117,242
2022	$14,492,637	$20,325,311	$316,589,034	$-5,832,674
2021	$14,744,618	$18,969,886	$309,375,809	$-4,225,268
2020	$13,730,529	$18,171,029	$137,509,038	$-4,440,500