SARASOTA AREA HOUSING INC C/O EMBRACE LIVING COMMUNITIES (EIN 363696610) - 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

1989

Legal Domicile

Principal Officer

RALPH GAINES

Phone

6305218021

Tax Period

2024-01-01 to 2024-12-31

SARASOTA AREA HOUSING INC C/O EMBRACE LIVING COMMUNITIES, founded in 1989, is a small nonprofit that reported $641K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

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 $636,885

Investment Income $451

Other Revenue $3,200

TOTAL REVENUE $640,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $239,207

Fundraising Expenses $0

Program Expenses $599,329

Other Expenses $399,475

TOTAL EXPENSES $638,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$640,536	$535,238	+0.2%
Expenses	$638,682	$576,336	+0.1%
Net Income	$1,854	$-41,098	-1.0%

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

$659,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE EATON	DIRECTOR	0.20	Director	$0	$0	$0
IRV WOODS	OUTGOING CHAIRMAN	0.20	Director	$0	$0	$0
PHILLIP SWAIN	DIRECTOR	0.20	Director	$0	$0	$0
REV DR WESLEY BIXBY	DIRECTOR	0.20	Director	$0	$0	$0
RUTHANN WAID	DIRECTOR	0.20	Director	$0	$0	$0
ANNE M OLIVA	EXECUTIVE VP & CFO	1.00	Officer	$0	$22,837	$237,003
RALPH GAINES	INTERIM CHAIRMAN, PRESIDENT AND 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	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	$640,536	$638,682	$1,075,143	$1,854
2023	$535,238	$576,336	$1,053,902	$-41,098
2022	$488,738	$525,088	$1,104,873	$-36,350
2021	$468,905	$517,399	$1,130,102	$-48,494
2020	$432,103	$481,832	$1,184,655	$-49,729

SARASOTA AREA HOUSING INC C/O EMBRACE LIVING COMMUNITIES