Evans Memorial Home for the Aged Inc (EIN 420869258) - 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

1960

Legal Domicile

Principal Officer

Brian Midthus

Phone

5635472364

Tax Period

2023-01-01 to 2023-12-31

Evans Memorial Home for the Aged Inc, founded in 1960, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2023. Expenses of $4.8M left a modest 14% surplus.

Mission

Assisted living and skilled and long-term nursing care

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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 $982

Program Service Revenue $5,386,727

Investment Income $165,970

Other Revenue $0

TOTAL REVENUE $5,553,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,683,477

Fundraising Expenses $0

Program Expenses $4,275,771

Other Expenses $2,105,179

TOTAL EXPENSES $4,788,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,553,679	$5,475,445	+0.0%
Expenses	$4,788,656	$4,301,182	+0.1%
Net Income	$765,023	$1,174,263	-0.3%

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

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

$145,467

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jarold Hughes	President	1.00	Officer Director	$0	$0	$0
Brian Midhtus	Vice President	1.00	Officer Director	$0	$0	$0
Diane Trende	Secretary	1.00	Officer Director	$0	$0	$0
Normie Ferrie	Treasurer	1.00	Officer Director	$0	$0	$0
Tammy Stevenson	Director	1.00	Director	$0	$0	$0
Harold Noe	Director	1.00	Director	$0	$0	$0
Heidi Rice	Director	1.00	Director	$0	$0	$0
Brendon Kacher	Director	1.00	Director	$0	$0	$0
Rachel Bowser	Administrator	40.00	Officer	$138,377	$7,090	$145,467

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	$5,553,679	$4,788,656	$10,138,712	$765,023
2022	$5,475,445	$4,301,182	$8,519,386	$1,174,263
2021	$4,974,003	$4,020,509	$7,358,226	$953,494
2020	$3,999,729	$3,774,974	$6,969,189	$224,755
2019	$3,614,586	$3,494,426	$6,013,804	$120,160
2018	$4,064,849	$3,720,205	$6,058,887	$344,644

Evans Memorial Home for the Aged Inc