Bishop Spencer Place Inc (EIN 431139083) - 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

1975

Legal Domicile

Phone

8169314277

Tax Period

2023-01-01 to 2023-12-31

Bishop Spencer Place Inc, founded in 1975, is a mid-sized nonprofit in the Health Care sector that reported $13.7M in total revenue in fiscal year 2023. Expenses of $18.6M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE HOUSING AND ACTIVITIES FOR A RETIREMENT COMMUNITY

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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 $95,882

Program Service Revenue $13,591,445

Investment Income $39,443

Other Revenue $0

TOTAL REVENUE $13,726,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,731,217

Fundraising Expenses $0

Program Expenses $15,755,520

Other Expenses $10,873,738

TOTAL EXPENSES $18,604,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,726,770	$14,041,961	0.0%
Expenses	$18,604,955	$19,889,707	-0.1%
Net Income	$-4,878,185	$-5,847,746	-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

151

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

$853,372

Total Directors

$3,300,767

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT -DIRECTOR	1.0	Officer Director	$0	$0	$0
N/A	CHAIR-DIRECTOR	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY - DIRECTOR	1.0	Officer Director	$0	$0	$0
N/A	VICE PRES-DIRECTOR	1.0	Officer Director	$0	$0	$0
N/A	TREASURER-DIRECTOR	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$56,923	$521,168
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$95,784	$624,181
N/A	DIRECTOR	1.0	Director	$0	$139,876	$1,301,066
N/A	DIRECTOR	16.0	Director	$0	$30,995	$854,352
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	Chief Executive Officer TERM END 2023	50.0	Officer	$376,201	$11,230	$387,431
N/A	Chief Financial Officer	17.0	Officer	$0	$77,384	$353,016
N/A	Chief Executive Officer beg 2023	50.0	Officer	$100,630	$12,295	$112,925
N/A	NURSING HOME ADMINSTRATOR	40.0	Highest	$113,728	$44,366	$158,094
N/A	HUMAN RESOURCES DIRECTOR	40.0	Highest	$122,949	$15,937	$138,886

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
2023	$13,726,770	$18,604,955	$17,887,024	$-4,878,185
2022	$14,041,961	$19,889,707	$23,612,093	$-5,847,746
2021	$13,908,229	$19,831,025	$31,543,334	$-5,922,796
2020	$15,968,580	$18,030,726	$37,971,775	$-2,062,146
2019	$16,140,688	$18,391,259	$39,903,734	$-2,250,571
2018	$16,230,491	$18,520,997	$42,925,503	$-2,290,506

Bishop Spencer Place Inc