SHOALS SENIOR HOUSING INC

EIN: 351445392 501(c)(3) Housing & Shelter

SHOALS, IN

Total Revenue
$168,267
Total Expenses
$143,279
Total Assets
$592,162
Net Assets
$416,847
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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
1973
Legal Domicile
IN
Principal Officer
CECIL RAGSDALE
Phone
8122961563
Tax Period
2024-01-01 to 2024-12-31

SHOALS SENIOR HOUSING INC, founded in 1973, is a small nonprofit in the Housing & Shelter sector that reported $168K in total revenue in fiscal year 2024. Expenses of $143K left a modest 15% surplus.

Mission

PROVIDE SUBSIDIZED HOUSING FOR SENIOR CITIZENS OF SHOALS INDIANA AREA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $168,171
Investment Income $96
Other Revenue $0
TOTAL REVENUE $168,267

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,050
Fundraising Expenses $0
Program Expenses $132,229
Other Expenses $132,229
TOTAL EXPENSES $143,279

Year-over-Year Comparison

2024 2023 Change
Revenue $168,267 $156,875 +0.1%
Expenses $143,279 $148,021 0.0%
Net Income $24,988 $8,854 +1.8%
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

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Governance

Voting Members
3
Independent Members
3
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
2
$11,050
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOBBIE ABEL SECRETARY 30.00
Officer
$11,050 $0 $11,050
TONY ABEL MEMBER N/A
Director
$0 $0 $0
SHERYL OGG VICE PRESIDE N/A
Director
$0 $0 $0
CECIL RAGSDALE PRESIDENT 1.00
Officer
$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 $168,267 $143,279 $592,162 $24,988
2023 $156,875 $148,021 $588,105 $8,854
2022 $138,322 $135,971 $600,770 $2,351
2021 $142,022 $128,251 $623,017 $13,771
2020 $145,323 $128,999 $631,395 $16,324
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