FM HOLDINGS INC (EIN 320696901) - 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

2022

Legal Domicile

Principal Officer

LORI RITCHEY-BALDWIN

Phone

8596551642

Tax Period

2024-01-01 to 2024-12-31

FM HOLDINGS INC, founded in 2022, is a micro nonprofit in the Housing & Shelter sector that reported $4K in total revenue in fiscal year 2024. Revenue surged 1728% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 46047% operating deficit.

Mission

DEVELOP, OWN, AND OPERATE A CONTINUING CARE RETIREMENT COMMUNITY SERVING THE AGING ADULT POPULATION OF NORTHERN KENTUCKY AND GREATER CINCINNATI THAT WILL PROVIDE A SEAMLESS TRANSITION ALONG THE CONTINUUM OF CARE.

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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 $0

Investment Income $3,656

Other Revenue $0

TOTAL REVENUE $3,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $399,047

Fundraising Expenses $0

Program Expenses $1,687,141

Other Expenses $1,288,094

TOTAL EXPENSES $1,687,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,656	$200	+17.3%
Expenses	$1,687,141	$1,280,415	+0.3%
Net Income	$-1,683,485	$-1,280,215	+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

N/A

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
LORI RITCHEY-BALDWIN	TREASURER	1.00	Officer Director	$0	$0	$0
GARREN COLVIN	DIRECTOR	1.00	Director	$0	$0	$0
GARY BLANK	DIRECTOR	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	$3,656	$1,687,141	$9,924,321	$-1,683,485
2023	$200	$1,280,415	$3,908,796	$-1,280,215

FM HOLDINGS INC