BENET PLACE SOUTH (EIN 411894399) - 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

JOHN LINN

Phone

3202522557

Tax Period

2022-07-01 to 2023-06-30

BENET PLACE SOUTH, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $272K in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $354K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO VERY LOW INCOME ELDERLY PERSONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $269,033

Investment Income $116

Other Revenue $3,179

TOTAL REVENUE $272,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,072

Fundraising Expenses $0

Program Expenses $249,461

Other Expenses $311,703

TOTAL EXPENSES $353,775

Year-over-Year Comparison

	2022	2021	Change
Revenue	$272,328	$363,110	-0.3%
Expenses	$353,775	$338,889	+0.0%
Net Income	$-81,447	$24,221	-4.4%

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

$101,177

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PEGGY CARLSON	MEMBER	2.00	Director	$0	$0	$0
SISTER JOAN FELLING	MEMBER	2.00	Director	$0	$0	$0
PATRICK HAWS	MEMBER	2.00	Director	$0	$0	$0
BETH HONKOMP	MEMBER	2.00	Director	$0	$0	$0
DR GEORGE SCHOEPHOERSTER	MEMBER	2.00	Director	$0	$0	$0
JOHN SPANIOL	MEMBER	2.00	Director	$0	$0	$0
MARY JO WARREN	MEMBER	2.00	Director	$0	$0	$0
LORI NORHEIM	DIRECTOR	15.00	Officer	$0	$22,707	$101,177
JOHN LINN	EXECUTIVE DIRECTOR	2.00	Officer	$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
2024	No data	No data	No data	No data
2023	$272,328	$353,775	$1,289,119	$-81,447
2023	$250,270	$228,910	$1,235,743	$21,360
2022	$363,110	$338,889	$1,354,471	$24,221
2021	$255,274	$334,098	$1,424,624	$-78,824
2020	$276,848	$313,006	$1,485,784	$-36,158
2019	$262,119	$318,950	$1,512,961	$-56,831
2018	$243,240	$305,696	$1,561,229	$-62,456

BENET PLACE SOUTH