FLORENCE HOME FOR THE AGED (EIN 470384319) - 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

1906

Legal Domicile

Principal Officer

Debra L Thacker

Phone

4028276000

Tax Period

2023-01-01 to 2023-12-31

FLORENCE HOME FOR THE AGED, founded in 1906, is a mid-sized nonprofit in the Human Services sector that reported $14.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Provide care for the elderly.

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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 $542,342

Program Service Revenue $14,007,499

Investment Income $0

Other Revenue $122,799

TOTAL REVENUE $14,672,640

Expense Breakdown

Grants Paid $3,262

Salaries & Benefits $7,852,957

Fundraising Expenses $0

Program Expenses $12,996,170

Other Expenses $6,702,991

TOTAL EXPENSES $14,559,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,672,640	$13,402,920	+0.1%
Expenses	$14,559,210	$13,441,598	+0.1%
Net Income	$113,430	$-38,678	-3.9%

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

372

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

$486,263

Total Directors

$486,263

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debra L Thacker	CFO	2.00	Officer Director	$0	$17,132	$243,248
Lois Jordan	CEO	2.00	Officer Director	$0	$19,321	$243,015
Stephanie O'Keefe	Chairman	1.00	Officer Director	$0	$0	$0
Kristin Pratt	Secretary Treasurer	1.00	Officer Director	$0	$0	$0
Robert Bloechle	Director	1.00	Director	$0	$0	$0
Lyn M Holley	Director	1.00	Director	$0	$0	$0
Marc Butterfield	Director	1.00	Director	$0	$0	$0
Mark Higgins	Director	1.00	Director	$0	$0	$0
Rebecca Wester MD	Director	1.00	Director	$0	$0	$0
Phil Christensen	Director	1.00	Director	$0	$0	$0
Sr Margaret Hickey	Director	1.00	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	$14,672,640	$14,559,210	$6,603,111	$113,430
2022	$13,402,920	$13,441,598	$6,697,687	$-38,678
2021	$13,264,591	$13,474,985	$5,548,630	$-210,394
2020	$13,940,596	$13,168,910	$7,129,742	$771,686
2019	$11,705,920	$12,252,174	$4,969,882	$-546,254
2018	$11,757,815	$11,289,211	$5,404,596	$468,604

FLORENCE HOME FOR THE AGED