ALEXIAN BROTHERS SERVICES INC

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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

1983

Legal Domicile

Principal Officer

LISA MUSGRAVE

Phone

3147293500

Tax Period

2021-07-01 to 2022-06-30

ALEXIAN BROTHERS SERVICES INC, founded in 1983, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2021. Revenue surged 217% from the prior year, signaling strong growth momentum. Expenses of $6.0M exceeded revenue, resulting in a 66% operating deficit.

Mission

ALEXIAN BROTHERS SERVICES INC. ("ABS") OPERATES A HUD HOUSING PROJECT KNOWN AS ALEXIAN COURT. ALEXIAN COURT CARRIES OUT THE HEALING MISSION OF THE CATHOLIC CHURCH AS AN ALEXIAN BROTHERS MINISTRY BY IDENTIFYING AND DEVELOPING (SEE SCHEDULE O FOR CONTINUATION)EFFECTIVE RESPONSES TO THE HEALTH AND HOUSING NEEDS OF THOSE WE ARE CALLED TO SERVE.

Program Service Accomplishments

Program 1

Expenses: $5,926,298 Revenue: $3,107,787

ALEXIAN COURT IS A 109-UNIT APARTMENT BUILDING FOR LOW INCOME SENIOR CITIZENS. AS A H.U.D. SECTION 202 ELDERLY HOUSING FACILITY, ALEXIAN COURT UNITS ARE RENT SUBSIDIZED, ENABLING OLDER ADULTS TO LIVE IN CLEAN, SAFE SURROUNDINGS WHEN OTHERWISE THEIR INCOME LEVEL WOULD NOT PERMIT THEM ACCESS TO ADEQUATE HOUSING. IN ADDITION TO BASIC RESIDENTIAL SERVICES, RESIDENTS OF ALEXIAN COURT HAVE AVAILABLE TO THEM A VARIETY OF ENRICHING RECREATIONAL AND EDUCATIONAL PROGRAMS. ALEXIAN COURT ALSO SPONSORS MANY OTHER HEALTH PROMOTION PROGRAMS FOR THE COMMUNITY AS WELL AS THE RESIDENTS, INCLUDING SEMINARS ON ILLNESS AND DISEASE FOR SPECIFIC GROUPS, ALL OF WHICH ARE OFFERED AT NO CHARGE. IN ADDITION, THE FACILITY IS USED FOR NEIGHBORHOOD TOWN MEETINGS AS WELL AS A POLLING LOCATION. THAT ALEXIAN (SEE SCHEDULE O FOR CONTINUATION) COURT'S PRESENCE REPRESENTS A VITALLY NEEDED COMMUNITY SERVICE IS EVIDENT FROM THE FACT THAT IT WAS ALMOST FULLY OCCUPIED THROUGHOUT FISCAL YEAR 2021 AND 2022. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN 2020 & 2021. THE APARTMENT BUILDING WAS CLASSIFIED AS HELD FOR SALE AS OF MAY 31, 2021 AND SOLD DURING 2022.

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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 (2021)

Revenue Breakdown

Contributions & Grants $479,327

Program Service Revenue $224,844

Investment Income $2,883,003

Other Revenue $13,117

TOTAL REVENUE $3,600,291

Expense Breakdown

Grants Paid $5,353,870

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,926,298

Other Expenses $631,544

TOTAL EXPENSES $5,985,414

Year-over-Year Comparison

	2021	2020	Change
Revenue	$3,600,291	$1,134,283	+2.2%
Expenses	$5,985,414	$1,022,805	+4.9%
Net Income	$-2,385,123	$111,478	-22.4%

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

N/A

Employees

N/A

Volunteers

N/A

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

$1,005,807

Total Directors

$1,774,283

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL STRICKER	CHAIR	1.00	Officer Director	$963,260	$42,547	$1,005,807
DEBORAH VALKENBERG	SECRETARY/TREASURER	1.00	Director	$304,300	$27,809	$332,109
RYAN ENDSLEY	DIRECTOR	1.00	Director	$413,933	$22,434	$436,367

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
2022	$3,600,291	$5,985,414	No data	$-2,385,123
2021	$1,134,283	$1,022,805	$5,207,178	$111,478
2020	$1,141,434	$1,009,227	$5,267,195	$132,207
2019	$1,086,361	$1,184,082	$5,474,293	$-97,721
2018	$1,084,878	$1,030,054	$5,580,996	$54,824