THE PARKSIDE OF MORTON INC (EIN 371293164) - 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

1991

Legal Domicile

Principal Officer

MIKE KAISER

Phone

3092637770

Tax Period

2024-01-01 to 2024-12-31

THE PARKSIDE OF MORTON INC, founded in 1991, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 183% from the prior year, signaling strong growth momentum. The organization ran a surplus of $529K, a strong 39% operating margin.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AN AFFORDABLE RETIREMENT COMMUNITY TO THOSE AGED 55 AND ABOVE.

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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 $532,557

Investment Income $28,887

Other Revenue $799,434

TOTAL REVENUE $1,360,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,315

Fundraising Expenses $0

Program Expenses $748,901

Other Expenses $699,292

TOTAL EXPENSES $831,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,360,878	$481,432	+1.8%
Expenses	$831,607	$593,985	+0.4%
Net Income	$529,271	$-112,553	-5.7%

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

$131,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSS EHNLE	DIRECTOR	1.00	Director	$0	$0	$0
GENE STRUNK	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN KELLEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HEIDI HAERR	SECRETARY	2.00	Officer Director	$0	$0	$0
KEITH SCHICK	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT RAPP	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KAISER	CFO	5.00	Officer	$0	$13,696	$131,443

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	$1,360,878	$831,607	$3,875,210	$529,271
2023	$481,432	$593,985	$3,210,163	$-112,553
2022	$571,700	$585,242	$3,352,247	$-13,542
2021	$419,293	$564,629	$3,177,700	$-145,336
2020	$436,966	$549,975	$3,240,824	$-113,009
2019	$474,898	$520,871	$3,300,328	$-45,973
2018	$483,502	$590,760	$3,399,011	$-107,258

THE PARKSIDE OF MORTON INC