MARYVALE INC (EIN 351431573) - 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

1980

Legal Domicile

Principal Officer

JAN HARMENING

Phone

8122325083

Tax Period

2024-01-01 to 2024-12-31

MARYVALE INC, founded in 1980, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 13% surplus.

Mission

MARYVALE, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 148 UNIT APARTMENT PROJECT FOR THE ELDERLY, HANDICAPPED AND LOW INCOME PERSONS LOCATED IN ST MARY OF THE WOODS, INDIANA. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT.

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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 $655,476

Program Service Revenue $544,970

Investment Income $706

Other Revenue $32,169

TOTAL REVENUE $1,233,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $897,545

Other Expenses $1,068,613

TOTAL EXPENSES $1,068,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,233,321	$1,150,207	+0.1%
Expenses	$1,068,613	$988,008	+0.1%
Net Income	$164,708	$162,199	+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

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
JAN HARMENING	PRESIDENT	10.00	Officer Director	$0	$0	$0
SISTER MARY BETH KLINGEL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVE BONNETT	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
JUDITH ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
JAMES CALLAHAN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL DAVID KITE	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN MILLER	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS SWITZER	DIRECTOR	0.50	Director	$0	$0	$0
LISA WEBSTER	DIRECTOR	0.50	Director	$0	$0	$0
MELISSA RAFTER	FORMER 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	$1,233,321	$1,068,613	$2,377,624	$164,708
2023	$1,150,207	$988,008	$2,266,485	$162,199
2022	$1,079,623	$948,800	$1,869,627	$130,823
2021	$1,126,128	$994,062	$1,849,106	$132,066
2020	$1,073,260	$1,015,730	$1,863,690	$57,530
2019	$1,073,679	$1,008,793	$1,809,240	$64,886
2018	$1,052,841	$963,909	$1,830,779	$88,932

MARYVALE INC