FAIRMOUNT PLAZA INC (EIN 431905847) - 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

2000

Legal Domicile

Principal Officer

GREG GILLIAM

Phone

8168614070

Tax Period

2024-01-01 to 2024-12-31

FAIRMOUNT PLAZA INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $455K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $553K exceeded revenue, resulting in a 21% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING FOR ELDERLY INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $455,294

Investment Income $84

Other Revenue $0

TOTAL REVENUE $455,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,010

Fundraising Expenses $0

Program Expenses $491,031

Other Expenses $430,965

TOTAL EXPENSES $552,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$455,378	$414,838	+0.1%
Expenses	$552,975	$486,048	+0.1%
Net Income	$-97,597	$-71,210	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM A ROGERS	PRESIDENT	1.60	Officer Director	$0	$0	$0
LINNETTE FERGUSON	VICE PRESIDENT	1.60	Officer Director	$0	$0	$0
LARRY GERLING	BOARD MEMBER	1.60	Director	$0	$0	$0
SHEILA MITCHELL	BOARD MEMBER	1.60	Director	$0	$0	$0
JULIE WATTERSON	BOARD MEMBER	1.60	Director	$0	$0	$0
GREG GILLIAM	SECRETARY	1.60	Officer Director	$0	$0	$0
LENA REYNOLDS	BOARD MEMBER	1.60	Director	$0	$0	$0
KATHY LIGGETT	BOARD MEMBER	1.60	Director	$0	$0	$0
ADAIRE STEWART	BOARD MEMBER	1.60	Director	$0	$0	$0

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	$455,378	$552,975	$2,250,047	$-97,597
2023	$414,838	$486,048	$2,344,496	$-71,210
2022	$412,798	$500,475	$2,419,592	$-87,677
2021	$412,774	$477,893	$2,518,865	$-65,119
2020	$409,099	$431,302	$2,553,452	$-22,203
2019	$392,513	$459,168	$2,597,771	$-66,655
2018	$332,182	$431,845	$2,657,497	$-99,663

FAIRMOUNT PLAZA INC