TAYLORSVILLE SENIOR HOUSING CORP (EIN 383796442) - 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

2009

Legal Domicile

Principal Officer

MICHAEL IWASAKI

Phone

8013646117

Tax Period

2024-01-01 to 2024-12-31

TAYLORSVILLE SENIOR HOUSING CORP, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $540K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $781K exceeded revenue, resulting in a 44% operating deficit.

Mission

PROVIDE HOUSING FOR ELDERLY & HANDICAPPED.

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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 $219,711

Program Service Revenue $315,243

Investment Income $4,768

Other Revenue $649

TOTAL REVENUE $540,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,461

Fundraising Expenses $0

Program Expenses $711,941

Other Expenses $682,140

TOTAL EXPENSES $780,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$540,371	$483,514	+0.1%
Expenses	$780,601	$741,847	+0.1%
Net Income	$-240,230	$-258,333	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL IWASAKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG CHAPMAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BIP DANIELS	SECRETARY	1.00	Officer Director	$0	$0	$0
SHARON ABEGGLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY OLIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$540,371	$780,601	$7,593,056	$-240,230
2023	$483,514	$741,847	$7,836,764	$-258,333
2022	$420,198	$683,551	$8,064,306	$-263,353
2021	$423,494	$638,828	$8,288,436	$-215,334
2020	$421,793	$609,999	$8,526,845	$-188,206
2019	$389,431	$621,083	$8,751,085	$-231,652
2018	$382,995	$615,916	$8,954,460	$-232,921

TAYLORSVILLE SENIOR HOUSING CORP