UNLIMITED DEVELOPMENT INC (EIN 364094409) - 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

1996

Legal Domicile

Principal Officer

ROBERT WAGNER

Phone

3093431550

Tax Period

2023-10-01 to 2024-09-30

UNLIMITED DEVELOPMENT INC, founded in 1996, is a major nonprofit in the Housing & Shelter sector that reported $128.5M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

UDI PROVIDES & OPERATES NURSING AND ASSISTED LIVING FACILITIES FOR THE ELDERLY.

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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 $52,897

Program Service Revenue $126,821,789

Investment Income $1,646,406

Other Revenue $0

TOTAL REVENUE $128,521,092

Expense Breakdown

Grants Paid $700

Salaries & Benefits $69,459,010

Fundraising Expenses $0

Program Expenses $120,766,618

Other Expenses $57,277,859

TOTAL EXPENSES $126,737,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,521,092	$118,865,425	+0.1%
Expenses	$126,737,569	$121,921,824	+0.0%
Net Income	$1,783,523	$-3,056,399	-1.6%

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

2533

Volunteers

105

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

$45,900

Total Directors

$50,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT H WAGNER	PRESIDENT/MEDICAL DIRECTOR	1.00	Officer Director	$36,900	$0	$36,900
DAVID HANEY	VICE PRESIDENT	1.00	Officer Director	$4,500	$0	$4,500
AUDREY FINKE	SECRETARY	1.00	Officer Director	$4,500	$0	$4,500
JERRY GILMORE	DIRECTOR	1.00	Director	$4,500	$0	$4,500
BRIAN BURGER RFMS INC	CFO	40.00	Officer	$0	$0	$0
THOMAS MAYER	REGISTERED NURSE	40.00	Highest	$159,103	$6,636	$165,739
TENIA CALHOON	ADMINISTRATOR	40.00	Highest	$137,761	$17,964	$155,725
TRACY OWENS	ADMINISTRATOR	40.00	Highest	$133,562	$11,102	$144,664
DEBBIE SNOW	ADMINISTRATOR	40.00	Highest	$123,416	$12,807	$136,223
DANA BAINTER	ADMINISTRATOR	40.00	Highest	$126,747	$7,896	$134,643

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	$128,521,092	$126,737,569	$119,292,218	$1,783,523
2023	$118,865,425	$121,921,824	$118,834,352	$-3,056,399
2022	$105,201,849	$104,410,443	$71,835,408	$791,406
2021	$98,421,646	$94,576,626	$74,499,348	$3,845,020
2020	$111,044,869	$100,291,524	$68,946,377	$10,753,345
2019	$108,236,150	$104,397,702	$50,026,302	$3,838,448
2018	$106,728,764	$107,705,166	$46,353,217	$-976,402

UNLIMITED DEVELOPMENT INC