MORGAN PARK AND BEVERLY HANDICAPPED INC C/O EMBRACE LIVING COMMUNITIES (EIN 363515819) - 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

1987

Legal Domicile

Principal Officer

RALPH GAINES

Phone

6305218021

Tax Period

2024-01-01 to 2024-12-31

MORGAN PARK AND BEVERLY HANDICAPPED INC C/O EMBRACE LIVING COMMUNITIES, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $510K in total revenue in fiscal year 2020. Revenue surged 95% from the prior year, signaling strong growth momentum. Expenses of $589K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING.

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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 $551,185

Investment Income $281

Other Revenue $44,798

TOTAL REVENUE $596,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,263

Fundraising Expenses $0

Program Expenses $668,378

Other Expenses $537,597

TOTAL EXPENSES $707,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$596,264	$538,818	+0.1%
Expenses	$707,860	$599,396	+0.2%
Net Income	$-111,596	$-60,578	+0.8%

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

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

$659,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRV WOODS	DIRECTOR	0.20	Director	$0	$0	$0
J PAUL BERTSCHE	DIRECTOR	0.20	Director	$0	$0	$0
KAREN LATIMER-HORSTHEAKE	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT GAMRATH	DIRECTOR	0.20	Director	$0	$0	$0
RUTH CARLSON	DIRECTOR	0.20	Director	$0	$0	$0
SCOTT MEYER	CHAIRMAN	0.20	Director	$0	$0	$0
TONYA PITTS	DIRECTOR	0.20	Director	$0	$0	$0
ANNE M OLIVA	EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$22,837	$237,003
RALPH GAINES	PRESIDENT & CEO	0.20	Officer	$0	$50,615	$422,211
ALINA SERBAN	CHIEF OF STAFF	1.00	Highest	$0	$38,357	$139,821
DAWN ZENKNER	CONTROLLER	1.00	Highest	$0	$38,818	$151,239
ED HAVLOVIC	DIRECTOR OF PLANT OPERATIONS	1.00	Highest	$0	$27,750	$134,566
GARY ADAMS	DIRECTOR OF OPERATIONS	1.00	Highest	$0	$29,254	$145,325
JENNIFER TRUPPA	DIRECTOR OF SOCIAL SERVICES AND QUALITY ASSURANCE	1.00	Highest	$0	$40,480	$160,134

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	$596,264	$707,860	$559,224	$-111,596
2023	$538,818	$599,396	$696,845	$-60,578
2022	$520,286	$566,191	$732,244	$-45,905
2021	$525,183	$560,744	$768,889	$-35,561
2020	$510,004	$589,243	$810,689	$-79,239

MORGAN PARK AND BEVERLY HANDICAPPED INC C/O EMBRACE LIVING COMMUNITIES