REDBANKS COLONIAL TERRACE INC (EIN 452631630) - 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

2011

Legal Domicile

Principal Officer

TIM WILLIAMS

Phone

2708266436

Tax Period

2024-07-01 to 2025-06-30

REDBANKS COLONIAL TERRACE INC, founded in 2011, is a community nonprofit in the Health Care sector that reported $8.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 15% operating margin.

Mission

NURSING FACILITY FOR THE AGED

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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 $9,079

Program Service Revenue $8,038,114

Investment Income $289,451

Other Revenue $0

TOTAL REVENUE $8,336,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,121,761

Fundraising Expenses $0

Program Expenses $6,285,837

Other Expenses $2,949,809

TOTAL EXPENSES $7,071,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,336,644	$6,906,664	+0.2%
Expenses	$7,071,570	$6,115,581	+0.2%
Net Income	$1,265,074	$791,083	+0.6%

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

157

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

Total Directors

$21,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK CHAMBERLAIN	DIRECTOR	2.00	Director	$3,500	$0	$3,500
TIM WILLIAMS	CHAIRMAN/DIRECTOR	2.00	Director	$3,500	$0	$3,500
MAURICE FORKER	DIRECTOR	2.00	Director	$3,500	$0	$3,500
ERIC BROWN	DIRECTOR	2.00	Director	$3,500	$0	$3,500
LEON POINDEXTER	DIRECTOR	2.00	Director	$3,500	$0	$3,500
LUKE MAURER	DIRECTOR	2.00	Director	$3,500	$0	$3,500

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	$8,336,644	$7,071,570	$8,048,242	$1,265,074
2024	$6,906,664	$6,115,581	$6,834,684	$791,083
2023	$4,666,668	$4,830,419	$5,818,957	$-163,751
2022	$4,150,814	$4,429,356	$5,922,222	$-278,542
2021	$5,399,849	$5,324,033	$6,266,829	$75,816
2020	$5,927,485	$5,801,818	$6,505,637	$125,667
2019	$5,313,743	$5,680,994	$6,236,011	$-367,251

REDBANKS COLONIAL TERRACE INC