RESIDENTIAL SERVICES INC

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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

1971

Legal Domicile

Principal Officer

JUDY JONES

Phone

9209227072

Tax Period

2024-01-01 to 2024-12-31

RESIDENTIAL SERVICES INC, founded in 1971, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 6% surplus.

Mission

IT IS THE MISSION OF RESIDENTIAL SERVICES, INC. TO PROVIDE SAFE, AFFORDABLE, HOMELIKE FACILITIES FOR OLDER PERSONS OR ADULTS WITH DISABILITIES WHO CANNOT OR DO NOT WISH TO LIVE ALONE, AND TO ENCOURAGE THEIR DIGNITY AND INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $922,477 Revenue: $1,080,375

THERE ARE TWO ASSISTED LIVING HOMES FOR AGED AND HANDICAPPED INDIVIDUALS THAT PROVIDE A SAFE AND COMFORTABLE ENVIRONMENT. IN 2024, THESE HOMES ASSISTED 18 INDIVIDUALS, ENSURING EACH RESIDENT RECEIVED...

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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 $1,872

Program Service Revenue $1,080,375

Investment Income $19,183

Other Revenue $350

TOTAL REVENUE $1,101,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $627,815

Fundraising Expenses $0

Program Expenses $922,477

Other Expenses $407,243

TOTAL EXPENSES $1,035,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,101,780	$896,958	+0.2%
Expenses	$1,035,058	$914,793	+0.1%
Net Income	$66,722	$-17,835	-4.7%

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

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

$44,101

Total Directors

$1,220

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY JONES	PRESIDENT	2.50	Officer Director	$1,220	$0	$1,220
SHERYL GRIMM	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
TRACY LINDGREN	TREASURER	1.50	Officer Director	$0	$0	$0
DANNY MUNSON	SECRETARY	1.50	Officer Director	$0	$0	$0
FRANK HEISLER	BOARD MEMBER	1.50	Director	$0	$0	$0
SUE NEUMANN	BOARD MEMBER	1.50	Director	$0	$0	$0
KATHLEEN TAVS	BOARD MEMBER	1.50	Director	$0	$0	$0
TODD GILGENBACH	EXECUTIVE DIRECTOR FINANCIAL ASSISTANT	40.00	Officer	$41,632	$1,249	$42,881

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	$1,101,780	$1,035,058	$1,110,404	$66,722
2023	$896,958	$914,793	$1,037,696	$-17,835
2022	$915,906	$844,103	$1,046,441	$71,803
2021	$842,057	$876,198	$1,013,267	$-34,141
2020	$825,450	$777,107	$1,041,896	$48,343
2019	$793,205	$757,605	$972,895	$35,600
2018	$762,673	$754,863	$917,738	$7,810