Area Residential Care Inc (EIN 420936800) - 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

1968

Legal Domicile

Principal Officer

Susan Freeman-Murdah

Phone

5635567560

Tax Period

2023-07-01 to 2024-06-30

Area Residential Care Inc, founded in 1968, is a mid-sized nonprofit in the Human Services sector that reported $10.0M in total revenue in fiscal year 2023. Expenses of $9.0M left a modest 10% surplus.

Mission

Provide residential and program services for persons with intellectual disabilities

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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 $158,125

Program Service Revenue $9,574,702

Investment Income $297,107

Other Revenue $0

TOTAL REVENUE $10,029,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,032,441

Fundraising Expenses $46,325

Program Expenses $7,353,782

Other Expenses $1,940,162

TOTAL EXPENSES $9,010,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,029,934	$9,769,275	+0.0%
Expenses	$9,010,378	$8,886,395	+0.0%
Net Income	$1,019,556	$882,880	+0.2%

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

243

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

$187,142

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Ann Conzett	President	0.30	Officer Director	$0	$0	$0
Guy Gard	Vice President	0.30	Officer Director	$0	$0	$0
Marvin Mulert	Treasurer	0.30	Officer Director	$0	$0	$0
Charles Davis	Secretary	0.30	Officer Director	$0	$0	$0
Kevin Stevens	Director	0.30	Director	$0	$0	$0
Wes Hartig	Director	0.30	Director	$0	$0	$0
Teresa Johannsen	Director (July thru Sept. 2023)	0.30	Director	$0	$0	$0
Kandice Engler	Director (July thru Sept. 2023)	0.30	Director	$0	$0	$0
Stephan Alt	Director	0.30	Director	$0	$0	$0
Susan Freeman Murdah	Executive Director	40.00	Officer	$95,737	$11,763	$107,500
Tammy Hendricks	Finance Director (until Sept. 2023)	40.00	Officer	$72,316	$7,326	$79,642

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	$10,029,934	$9,010,378	$14,384,668	$1,019,556
2023	$9,769,275	$8,886,395	$13,798,734	$882,880
2022	$9,599,423	$8,261,665	$15,427,192	$1,337,758
2021	$10,658,776	$8,056,990	$14,219,721	$2,601,786
2020	$8,895,069	$8,182,065	$12,619,335	$713,004
2019	$8,962,780	$7,579,121	$10,865,457	$1,383,659
2018	$8,125,452	$7,788,688	$9,644,108	$336,764

Area Residential Care Inc