FAIRMOUNT PARK SENIOR HOUSING INC (EIN 391888324) - 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

Principal Officer

KELLY BUTTS-ELSTON

Phone

5152438300

Tax Period

2023-07-01 to 2024-06-30

FAIRMOUNT PARK SENIOR HOUSING INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $309K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

HOUSING FOR LOW INCOME 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 $74,401

Program Service Revenue $219,630

Investment Income $1,512

Other Revenue $12,995

TOTAL REVENUE $308,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $272,310

Other Expenses $328,529

TOTAL EXPENSES $328,529

Year-over-Year Comparison

	2023	2022	Change
Revenue	$308,538	$236,045	+0.3%
Expenses	$328,529	$330,699	0.0%
Net Income	$-19,991	$-94,654	-0.8%

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
KELLY BUTTS-ELSTON	PRESIDENT	0.20	Officer Director	$0	$0	$0
BARBARA REDMOND	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
ABBIE M GAFFEY	MEMBER	0.20	Director	$0	$0	$0
CANDACE PHIPPS	MEMBER	0.20	Director	$0	$0	$0
ELAINE EISELE	MEMBER	0.20	Director	$0	$0	$0
GERI JOHNSON	MEMBER	0.20	Director	$0	$0	$0
SHERRI MCDONALD	MEMBER	0.20	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
2025	No data	No data	No data	No data
2024	$308,538	$328,529	$1,192,144	$-19,991
2023	$236,045	$330,699	$1,211,484	$-94,654
2022	$217,318	$270,518	$1,305,984	$-53,200
2021	$178,516	$455,077	$1,354,128	$-276,561
2020	$175,620	$243,550	$1,619,713	$-67,930
2019	$180,167	$240,722	$1,690,938	$-60,555

FAIRMOUNT PARK SENIOR HOUSING INC