MCCORMICK MEMORIAL HOME FOR THE AGED INC (EIN 396044375) - 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

1922

Legal Domicile

Principal Officer

VERY REV JOHN GIROTTI

Phone

9204377531

Tax Period

2023-07-01 to 2024-06-30

MCCORMICK MEMORIAL HOME FOR THE AGED INC, founded in 1922, is a small nonprofit in the Housing & Shelter sector that reported $220K in total revenue in fiscal year 2023. Revenue surged 147% from the prior year, signaling strong growth momentum. The organization ran a surplus of $137K, a strong 62% operating margin.

Mission

PROVIDE FOR ASSISTED LIVING SERVICES TO THE FRAIL AND ELDERLY IN A CHRISTIAN CARING ENVIRONMENT.

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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 $61,252

Program Service Revenue $0

Investment Income $158,944

Other Revenue $0

TOTAL REVENUE $220,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,336

Other Expenses $83,545

TOTAL EXPENSES $83,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,196	$89,267	+1.5%
Expenses	$83,545	$44,944	+0.9%
Net Income	$136,651	$44,323	+2.1%

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

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
MOST REVEREND DAVID RICKEN	DIRECTOR/CHAIRMAN	0.50	Officer Director	$0	$0	$0
TAMMY BASTEN	DIRECTOR/SECRETARY	0.50	Officer Director	$0	$0	$0
VERY REVEREND JOHN GIROTTI	DIRECTOR/VICE-CHAIRMAN	0.50	Officer Director	$0	$0	$0
JAMES GENRICH	DIRECTOR/TREASURER	0.50	Officer Director	$0	$0	$0
PATRICK RYAN	DIRECTOR	0.50	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	$220,196	$83,545	$3,286,951	$136,651
2023	$89,267	$44,944	$3,097,573	$44,323
2022	$69,418	$8,014	$2,983,947	$61,404
2021	$493,555	$7,954	$3,258,179	$485,601
2020	$319,978	$9,492	$2,884,638	$310,486
2019	$-1,985,006	$543,567	$2,745,534	$-2,528,573

MCCORMICK MEMORIAL HOME FOR THE AGED INC