BENET PLACE (EIN 411765356) - 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

1993

Legal Domicile

Principal Officer

SHELLEY KENDRICK

Phone

6517664300

Tax Period

2024-01-01 to 2024-12-31

BENET PLACE, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $509K in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $707K exceeded revenue, resulting in a 39% operating deficit.

Mission

PROVIDES AFFORDABLE HOUSING TO LOW-INCOME QUALIFIED SENIOR CITIZENS, AGES 62 AND OLDER.

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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 $100

Program Service Revenue $502,136

Investment Income $2,187

Other Revenue $5,012

TOTAL REVENUE $509,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,695

Fundraising Expenses $0

Program Expenses $509,942

Other Expenses $561,795

TOTAL EXPENSES $707,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,435	$270,156	+0.9%
Expenses	$707,490	$228,687	+2.1%
Net Income	$-198,055	$41,469	-5.8%

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

$1,234,223

Total Directors

$1,673,623

Key Employees

$210,470

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLEY KENDRICK	PRESIDENT AND CEO	0.10	Officer Director	$0	$41,871	$546,642
SCOTT BJERKETVEDT THRU 92024	SECRETARY AND TREASURER	0.10	Officer Director	$0	$40,531	$271,265
SUSAN SCHUH	SECRETARY AND TREASURER	0.10	Officer Director	$0	$13,492	$166,461
EMILY LAXDAL SOMMER	ASSISTANT SECRETARY	0.10	Officer Director	$0	$35,638	$101,919
JOHN PETRBORG	PRESIDENT	0.10	Officer Director	$0	$0	$0
SUSAN CROCKETT	TREASURER	0.10	Officer Director	$0	$0	$0
MARCIA KULL	SECRETARY	0.10	Officer Director	$0	$0	$0
BRETT ANDERSON THRU 72024	BOARD OF TRUSTEE	0.10	Director	$0	$41,132	$252,482
MELANIE SULLIVAN	BOARD OF TRUSTEE	0.10	Director	$0	$15,879	$334,854
DOUGLAS HARRISON	INTERIM SR VP/CFO	0.10	Officer	$0	$0	$147,936
ANGELICA ANDRESEN	VP COMMUNICATIONS MKTG AND ADVOCACY	0.10	Key Emp	$0	$30,264	$210,470

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	$509,435	$707,490	$1,035,238	$-198,055
2023	$285,174	$359,520	$1,114,856	$-74,346
2023	$270,156	$228,687	$1,133,539	$41,469
2022	$298,030	$345,497	$1,170,164	$-47,467
2021	$285,419	$334,323	$1,220,500	$-48,904
2020	$297,667	$321,620	$1,285,907	$-23,953
2019	$285,664	$323,535	$1,323,007	$-37,871
2018	$257,423	$331,915	$1,348,907	$-74,492

BENET PLACE