BSLC II (EIN 452666295) - 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

Phone

7194810100

Tax Period

2023-10-01 to 2024-09-30

BSLC II, founded in 2011, is a mid-sized nonprofit in the Human Services sector that reported $35.8M in total revenue in fiscal year 2023. Expenses of $33.2M left a modest 7% surplus.

Mission

To serve seniors by enriching their physical, emotional and spiritual health in our communities.

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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 $21,723

Program Service Revenue $35,110,546

Investment Income $609,218

Other Revenue $77,773

TOTAL REVENUE $35,819,260

Expense Breakdown

Grants Paid $7,862

Salaries & Benefits $16,758,006

Fundraising Expenses $0

Program Expenses $30,937,950

Other Expenses $16,441,232

TOTAL EXPENSES $33,207,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,819,260	$33,603,085	+0.1%
Expenses	$33,207,100	$31,049,210	+0.1%
Net Income	$2,612,160	$2,553,875	+0.0%

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

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

$1,168,084

Total Directors

$1,517,393

Key Employees

$191,178

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dana Rasic	President & Director	10.0	Officer Director	$0	$43,634	$408,023
Daniel Vagle	Vice Chair & Director	2.0	Officer Director	$0	$3,609	$64,609
Jenny Kennedy	Secretary & Director	1.5	Officer Director	$0	$0	$10,453
Nathan Merrill	CFO, Treasurer & Director	10.0	Officer Director	$0	$44,313	$293,674
Rick Summers	Vice President & Director	20.0	Officer Director	$0	$19,641	$261,150
Christi Miller	VP of Human Resources & Director	12.0	Director	$0	$17,377	$178,383
Dale Turner	Director	2.0	Director	$0	$3,483	$64,483
Don Morgan	Director	2.0	Director	$0	$3,385	$64,385
Kristen Jacoby	Regional Dir of Ops & Director	25.0	Director	$0	$3,319	$137,017
Larry Smith	Director	3.0	Director	$0	$4,716	$35,216
Austin Harbach	Assistant Secretary	12.0	Officer	$0	$14,863	$130,175
Kimberly Erickson	Chief Operating Officer	15.0	Officer	$0	$0	$0
Tom Workman	Assistant Secretary	1.0	Officer	$0	$0	$0
Joshua Thomas	VP of Strategy & Development	15.0	Key Emp	$0	$25,442	$191,178
Andrew McCormick	Regional Director of Operations	25.0	Highest	$0	$28,854	$164,108
Brittney Moore	VP of Health Services	24.0	Highest	$0	$7,297	$159,469
Bryan Beamer	VP of Construction	15.0	Highest	$0	$4,985	$135,095
Earl Saxon Jr	Regional Director of Operations	25.0	Highest	$0	$14,678	$164,712
Kris Gillen	VP of Sales & Marketing	15.0	Highest	$0	$5,752	$163,483

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	$35,819,260	$33,207,100	$103,898,531	$2,612,160
2023	$33,603,085	$31,049,210	$102,535,199	$2,553,875
2022	$33,643,275	$32,030,509	$100,378,798	$1,612,766
2021	$30,600,534	$32,107,224	$101,154,124	$-1,506,690
2020	$36,578,331	$32,172,952	$103,912,333	$4,405,379
2019	$36,425,370	$35,358,247	$100,757,856	$1,067,123
2018	$34,996,930	$31,284,765	$60,666,405	$3,712,165

BSLC II