GERIATRIC LIVING SOLUTIONS INC (EIN 465137779) - 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

2014

Legal Domicile

Principal Officer

ELIZABETH DAVIS

Phone

2016921000

Tax Period

2024-01-01 to 2024-12-31

GERIATRIC LIVING SOLUTIONS INC, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

PROVIDING ASSISTED LIVING SERVICES IN HOME AND APARTMENT SETTINGS FOR ELDERLY OR OTHER PERSONS IN NEED, WITH SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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 $112,498

Program Service Revenue $1,162,414

Investment Income $262

Other Revenue $0

TOTAL REVENUE $1,275,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,395,513

Fundraising Expenses $0

Program Expenses $1,194,372

Other Expenses $156,892

TOTAL EXPENSES $1,552,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,275,174	$1,267,545	+0.0%
Expenses	$1,552,405	$1,497,833	+0.0%
Net Income	$-277,231	$-230,288	+0.2%

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

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

$152,240

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN VAN CLIEF	PRESIDENT	0.50	Officer Director	$0	$0	$0
CAROLYN L LARKE	VICE PRESIDENT/TREASURER	0.50	Officer Director	$0	$0	$0
FRAN MONTELEONE	SECRETARY	0.50	Officer Director	$0	$0	$0
ELIZABETH DAVIS	EXECUTIVE DIRECTOR	5.00	Officer	$0	$27,240	$152,240

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	$1,275,174	$1,552,405	$49,002	$-277,231
2023	$1,267,545	$1,497,833	$72,894	$-230,288
2022	$1,174,329	$1,318,469	$103,861	$-144,140
2021	$785,482	$1,039,506	$83,932	$-254,024
2020	$774,604	$850,884	$104,916	$-76,280
2019	$640,375	$719,994	$128,680	$-79,619
2018	$498,924	$582,287	$59,406	$-83,363

GERIATRIC LIVING SOLUTIONS INC