SHIRE CREST ACRES INC (EIN 341354868) - 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

1988

Legal Domicile

Principal Officer

BART WESTFALL

Phone

5173472001

Tax Period

2024-01-01 to 2024-12-31

SHIRE CREST ACRES INC, founded in 1988, is a small nonprofit that reported $178K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $37K, a strong 21% operating margin.

Mission

THE ORGANIZATION OPERATES A RENTAL HOUSING PROJECT FOR PERSONS OF LOW AND MODERATE INCOME.

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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 $67,906

Program Service Revenue $92,093

Investment Income $8,158

Other Revenue $9,343

TOTAL REVENUE $177,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,424

Other Expenses $140,577

TOTAL EXPENSES $140,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,500	$158,659	+0.1%
Expenses	$140,577	$122,291	+0.1%
Net Income	$36,923	$36,368	+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
BART WESTFALL	PRESIDENT	0.50	Officer Director	$0	$0	$0
THOMAS CROMWELL	SECRETARY	0.50	Officer Director	$0	$0	$0
RICHARD JOHNSON	DIRECTOR (THROUGH JULY 26, 2024)	0.50	Director	$0	$0	$0
JACK FEE	DIRECTOR	0.50	Director	$0	$0	$0
RONALD DEAN	DIRECTOR	0.50	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	$177,500	$140,577	$438,769	$36,923
2023	$158,659	$122,291	$428,048	$36,368
2022	$143,319	$116,215	$413,908	$27,104
2021	$139,528	$105,531	$410,766	$33,997
2020	$126,841	$139,405	$400,947	$-12,564
2019	$110,591	$123,595	$423,076	$-13,004
2018	$101,830	$117,012	$447,362	$-15,182

SHIRE CREST ACRES INC