BARUCH SLS INC (EIN 383375365) - 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

1997

Legal Domicile

Phone

6167195100

Tax Period

2024-01-01 to 2024-12-31

BARUCH SLS INC, founded in 1997, is a mid-sized nonprofit in the Housing & Shelter sector that reported $50.2M in total revenue in fiscal year 2024. Expenses of $55.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

BARUCH SENIOR MINISTRIES SEEKS TO HONOR GOD BY SERVING PEOPLE AS THEY AGE.

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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 $265,961

Program Service Revenue $49,074,229

Investment Income $538,879

Other Revenue $287,661

TOTAL REVENUE $50,166,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,652,968

Fundraising Expenses $0

Program Expenses $47,839,906

Other Expenses $19,943,221

TOTAL EXPENSES $55,596,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,166,730	$51,037,666	0.0%
Expenses	$55,596,189	$51,445,915	+0.1%
Net Income	$-5,429,459	$-408,249	+12.3%

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

2191

Volunteers

210

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

$633,822

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE KOETJE	CHAIRMAN	1.0	Officer Director	$0	$0	$0
SCOTT ZYLSTRA	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
ADAM DEVEREAUX	DIRECTOR	0.5	Director	$0	$0	$0
CHRIS AGUILAR	DIRECTOR	0.5	Director	$0	$0	$0
PHIL BEEZHOLD	DIRECTOR	0.5	Director	$0	$0	$0
CONNIE CLAUSON	CHIEF OPERATING OFFICER	40.0	Officer	$210,823	$13,730	$224,553
JAMES V TEW III	CHIEF FINANCIAL OFFICER	40.0	Officer	$161,320	$6,240	$167,560
MITCHELL A MCNEAL	PRESIDENT & CEO	40.0	Officer	$227,979	$13,730	$241,709

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	$50,166,730	$55,596,189	$76,607,335	$-5,429,459
2023	$51,037,666	$51,445,915	$89,656,487	$-408,249
2022	$52,388,620	$45,445,564	$84,747,311	$6,943,056
2021	$46,625,383	$40,313,405	$83,890,001	$6,311,978
2020	$40,735,338	$39,219,170	$84,347,557	$1,516,168
2019	$41,065,340	$39,071,882	$82,607,278	$1,993,458
2018	$39,090,462	$38,111,290	$82,843,449	$979,172

BARUCH SLS INC