SYLVIA G THOMPSON RESIDENCE CENTER (EIN 431610033) - 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

1992

Legal Domicile

Principal Officer

WILLIAM J SHUMAKE

Phone

6608264800

Tax Period

2023-07-01 to 2024-06-30

SYLVIA G THOMPSON RESIDENCE CENTER, founded in 1992, is a mid-sized nonprofit in the Human Services sector that reported $13.2M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $14.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE ROOM AND BOARD, SKILLED NURSING CARE, AND OTHER ANCILLARY SERVICES TO THE ELDERLY, REGARDLESS OF THE ABILITY TO PAY.

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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 $0

Program Service Revenue $13,227,078

Investment Income $3,120

Other Revenue $0

TOTAL REVENUE $13,230,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,679,897

Fundraising Expenses $0

Program Expenses $11,290,828

Other Expenses $4,072,357

TOTAL EXPENSES $14,752,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,230,198	$17,184,480	-0.2%
Expenses	$14,752,254	$13,642,276	+0.1%
Net Income	$-1,522,056	$3,542,204	-1.4%

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

483

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

$261,784

Total Directors

$123,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM J SHUMAKE	PRESIDENT	7.50	Officer Director	$0	$0	$61,500
KRISTEN WEST	SECRETARY	50.00	Officer	$122,533	$0	$138,784
DIANNE M SIMON	VICE PRESIDE	7.50	Officer Director	$0	$0	$61,500
PAMELA J OSBURN	FORMER SECRE	5.00		$109,784	$0	$127,109

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	$13,230,198	$14,752,254	$4,615,212	$-1,522,056
2023	$17,184,480	$13,642,276	$5,101,757	$3,542,204
2022	$12,082,173	$12,830,742	$3,776,310	$-748,569
2021	$12,108,720	$12,778,581	$3,887,777	$-669,861
2020	$11,307,291	$11,897,111	$4,088,025	$-589,820
2019	$10,720,151	$11,199,381	$2,652,640	$-479,230
2018	$10,664,071	$11,038,100	$2,570,865	$-374,029

SYLVIA G THOMPSON RESIDENCE CENTER