United Church Residences of South Horn Lake (EIN 341761790) - 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

1993

Legal Domicile

Phone

7403824885

Tax Period

2023-01-01 to 2023-12-31

United Church Residences of South Horn Lake, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $365K in total revenue in fiscal year 2023. Expenses of $597K exceeded revenue, resulting in a 64% operating deficit.

Mission

To Provide Safe and Affordable Housing for Low-Income Persons.

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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 $194,969

Program Service Revenue $158,702

Investment Income $10,062

Other Revenue $1,403

TOTAL REVENUE $365,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,385

Fundraising Expenses $0

Program Expenses $310,803

Other Expenses $535,634

TOTAL EXPENSES $597,019

Year-over-Year Comparison

	2023	2022	Change
Revenue	$365,136	$364,801	+0.0%
Expenses	$597,019	$371,207	+0.6%
Net Income	$-231,883	$-6,406	+35.2%

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

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

$918,931

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dick Beck	Officer	0.10	Director	$0	$0	$0
Sue Ellis	Officer	0.10	Director	$0	$0	$0
Sue Shedler	Officer	0.10	Director	$0	$0	$0
Jim Henry	Officer	0.10	Director	$0	$0	$0
Tom Brownfield	Officer	0.10	Director	$0	$0	$0
Dan Busch	Officer	0.10	Director	$0	$0	$0
John Krueger	Officer	0.10	Director	$0	$0	$0
Joyce Schroer	Officer	0.10	Director	$0	$0	$0
Cathy Green	President	0.25	Officer	$0	$0	$0
John Renner	Treasurer	0.25	Key Emp	$0	$34,230	$389,311
Terry Spitznagel	Secretary	0.25	Key Emp	$0	$25,046	$382,303
Daniel Cl Fagen Jr	Vice President	0.25	Key Emp	$0	$2,693	$147,317

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	$365,136	$597,019	$786,645	$-231,883
2022	$364,801	$371,207	$818,121	$-6,406
2021	$340,523	$357,069	$780,022	$-16,546
2020	$341,916	$337,688	$769,869	$4,228
2019	$337,289	$335,290	$789,283	$1,999
2018	$328,316	$389,101	$800,673	$-60,785

United Church Residences of South Horn Lake