MCFARLAN KEARSLEY RESIDENCE INC (EIN 462977115) - 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

2021

Legal Domicile

Principal Officer

KAHLIA HARPER

Phone

8102353077

Tax Period

2023-01-01 to 2023-12-31

MCFARLAN KEARSLEY RESIDENCE INC, founded in 2021, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023.

Mission

MAXIMIZES OPPORTUNITIES FOR QUALITY OF LIFE BY PROVIDING SAFE AND AFFORDABLE HOUSING.

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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 $839,332

Program Service Revenue $727,513

Investment Income $99

Other Revenue $491

TOTAL REVENUE $1,567,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,038,206

Fundraising Expenses $0

Program Expenses $1,397,082

Other Expenses $659,223

TOTAL EXPENSES $1,697,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,567,435	$1,544,802	+0.0%
Expenses	$1,697,429	$1,630,660	+0.0%
Net Income	$-129,994	$-85,858	+0.5%

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

$122,799

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICA THRASH-SALL	EXECUTIVE DIRECTOR (ENDED 6/2023)	1.00	Officer	$39,898	$1,830	$81,626
KAHLIA HARPER	EXECUTIVE DIRECTOR (BEGAN 8/2023)	1.00	Officer	$18,934	$3,305	$41,173
EMILY DOERR	DIRECTOR	1.00	Director	$0	$0	$0
LISA HORNE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
LENNETTA BRADLEY CONEY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES TOMMASULO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BESSERT	TREASURER	1.00	Officer Director	$0	$0	$0
KATHRYN BOLES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LOUISE MCARA	PRESIDENT	1.00	Officer 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	No data	No data	No data	No data
2023	$1,567,435	$1,697,429	$1,761,133	$-129,994
2022	$1,544,802	$1,630,660	$1,778,866	$-85,858
2022	$1,555,362	$1,630,662	$1,789,424	$-75,300

MCFARLAN KEARSLEY RESIDENCE INC