THE RESIDENCE AT SHERBURNE COMMONS INC (EIN 471748506) - 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

TRISH BRIDIER

Phone

5082284080

Tax Period

2024-01-01 to 2024-12-31

THE RESIDENCE AT SHERBURNE COMMONS INC, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

TO OPERATE A NON-PROFIT RESIDENCE FOR INDIVIDUALS 55 YEARS OF AGE OR OLDER AND PROVIDE ASSISTED LIVING AND INDEPENDENT LIVING AND MEDICAL RELATED SERVICES TO NANTUCKET'S ELDERLY COMMUNITY.

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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 $181,280

Program Service Revenue $3,480,766

Investment Income $36,270

Other Revenue $0

TOTAL REVENUE $3,698,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,404,652

Fundraising Expenses $0

Program Expenses $3,209,261

Other Expenses $2,380,399

TOTAL EXPENSES $3,785,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,698,316	$2,917,025	+0.3%
Expenses	$3,785,051	$3,237,544	+0.2%
Net Income	$-86,735	$-320,519	-0.7%

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

Total Directors

Key Employees

$195,096

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRISH BRIDIER	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSEPH GRAUSE	TREASURER	5.00	Officer Director	$0	$0	$0
SUSAN SHAPIRO	CLERK	5.00	Officer Director	$0	$0	$0
DAVID WORTH	DIRECTOR	5.00	Director	$0	$0	$0
DAVID FREDERICKS	DIRECTOR	5.00	Director	$0	$0	$0
CATHERINE WARD	CO VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
BRUCE MILLER	CO VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
WILLIAM CONGDON	DIRECTOR	5.00	Director	$0	$0	$0
JOSEPH MANNING	DIRECTOR	5.00	Director	$0	$0	$0
RACHEL MANDLE	EXECUTIVE DIRECTOR	40.00	Key Emp	$195,096	$0	$195,096

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	$3,698,316	$3,785,051	$5,913,199	$-86,735
2023	$2,917,025	$3,237,544	$6,119,691	$-320,519
2022	$2,886,756	$2,864,641	$6,461,485	$22,115
2021	$3,676,956	$2,914,153	$5,800,584	$762,803
2020	$3,195,824	$3,046,827	$5,577,179	$148,997
2019	$3,887,263	$2,975,555	$5,454,930	$911,708
2018	$3,569,133	$2,942,879	$4,990,735	$626,254

THE RESIDENCE AT SHERBURNE COMMONS INC