ST CLARE TERRACE 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

1999

Legal Domicile

Principal Officer

MICHAEL POLSKY

Phone

4144235277

Tax Period

2018-01-01 to 2018-12-31

ST CLARE TERRACE INC, founded in 1999, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year.

Mission

ST. CLARE TERRACE, INC. (THE ORGANIZATION) WAS FORMED ON AUGUST 20, 1999, AS A WISCONSIN NON-PROFIT, NONSTOCK CORPORATION UNDER CHAPTER 181 OF THE WISCONSIN STATUTUES. THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF PROVIDING A 59-UNIT ASSISTED LIVING FACILITY IN MILWAUKEE, WISCONSIN, KNOWN AS ST. CLARE TERRACE ("THE PROJECT"), FINANCED WITH MORTGAGE BONDS FROM THE WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (WHEFA). THE PROJECT IS DESIGNED TO BE OPERATED AS A RESIDENTIAL CARE APARTMENT COMPLEX (RCAC) IN ACCORDANCE WITH SECTION 50-034 OF THE WISCONSIN STATUTES AND CHAPTER 89 OF THE WISCONSIN ADMINISTRATIVE CODE. THE CERTIFICATE OF OCCUPANCY WAS ISSUED ON JANUARY 31, 2001.

Program Service Accomplishments

Program 1

Expenses: $1,329,928 Revenue: $1,303,686

THE ORGANIZATION PROVIDED A 59-UNIT ASSISTED LIVING FACILITY LOCATED IN MILWAUKEE, WISCONSIN.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,303,686

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,303,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $729,518

Fundraising Expenses $0

Program Expenses $1,329,928

Other Expenses $600,410

TOTAL EXPENSES $1,329,928

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,303,686	$1,386,236	-0.1%
Expenses	$1,329,928	$1,561,081	-0.1%
Net Income	$-26,242	$-174,845	-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

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 POLSKY	RECEIVER	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
2018	$1,303,686	$1,329,928	$3,440,980	$-26,242