SERENITY INNS INC (EIN 412034019) - 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

2004

Legal Domicile

Principal Officer

KOLA ALAYANDE

Phone

4148735474

Tax Period

2024-01-01 to 2024-12-31

SERENITY INNS INC, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $616K, a strong 33% operating margin.

Mission

HOUSING AND SUPPORTIVE SERVICES FOR PERSONS MOVING OUT OF ADDICTION AND HOMELESSNESS TO RECOVERY.

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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 $1,573,814

Program Service Revenue $194,055

Investment Income $5,461

Other Revenue $93,952

TOTAL REVENUE $1,867,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $653,086

Fundraising Expenses $192,885

Program Expenses $871,282

Other Expenses $597,857

TOTAL EXPENSES $1,250,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,867,282	$1,119,836	+0.7%
Expenses	$1,250,943	$838,693	+0.5%
Net Income	$616,339	$281,143	+1.2%

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

1750

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

$145,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM DUNST	CHAIR	1.00	Officer Director	$0	$0	$0
KOLA ALAYANDE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CARLA STENSBERG	TREASURER	1.00	Officer Director	$0	$0	$0
DENISE CALLAWAY	SECRETARY	1.00	Officer Director	$0	$0	$0
GREGORY BUCK	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
LUCRETIA DILLON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
DR GLENN MATHEWS	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL MCCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN CHOREN	DIRECTOR	1.00	Director	$0	$0	$0
MARCEL A CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE A COOK	DIRECTOR	1.00	Director	$0	$0	$0
PETER TODD	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH GINLACK	EXECUTIVE DIRECTOR	40.00	Officer	$145,700	$0	$145,700

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	$1,867,282	$1,250,943	$4,719,582	$616,339
2023	$1,119,836	$838,693	$1,529,935	$281,143
2022	$844,813	$787,408	$1,253,689	$57,405
2021	$706,330	$770,846	$1,197,063	$-64,516
2020	$716,140	$551,927	$1,294,233	$164,213
2019	$760,649	$472,346	$1,095,116	$288,303
2018	$590,174	$394,420	$789,198	$195,754

SERENITY INNS INC