Gary Abrahamson Jr Memory Care Center (EIN 472137478) - 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

2015

Legal Domicile

Principal Officer

SR MARY ANN LAURIN

Phone

9067865810

Tax Period

2023-01-01 to 2023-12-31

Gary Abrahamson Jr Memory Care Center, founded in 2015, is a micro nonprofit in the Diseases & Disorders sector that reported $36K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $41K exceeded revenue, resulting in a 14% operating deficit.

Mission

To construct and operate a center for memory impaired individuals

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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 $34,021

Program Service Revenue $0

Investment Income $0

Other Revenue $1,743

TOTAL REVENUE $35,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,655

Other Expenses $40,777

TOTAL EXPENSES $40,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,764	$27,497	+0.3%
Expenses	$40,777	$45,747	-0.1%
Net Income	$-5,013	$-18,250	-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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY ABRAHAMSON	Board Member	N/A	Director	$0	$0	$0
PATRICIA D ABRAHAMSON	Board Member	N/A	Director	$0	$0	$0
VICTORIA R LAFAVE	Secretary	N/A	Officer Director	$0	$0	$0
SR MARY ANN LAURIN	President	N/A	Officer Director	$0	$0	$0
SR MARIE KIM NGUYEN	Board Member	N/A	Director	$0	$0	$0
FR ERIC OLSON	Board Member	N/A	Director	$0	$0	$0
SR GLORIA SCHULTZ	Vice President	N/A	Officer Director	$0	$0	$0
DR MARY WHITMER	Treasurer	N/A	Officer Director	$0	$0	$0
PAULA MINEAU	Board Member	N/A	Director	$0	$0	$0
MARY UELMAN	Admin Director	N/A	Officer	$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
2023	$35,764	$40,777	$772,454	$-5,013
2022	$27,497	$45,747	$795,759	$-18,250
2021	$49,343	$48,764	$866,252	$579
2020	$93,081	$53,484	$890,593	$39,597
2018	$51,377	$66,242	$922,292	$-14,865

Gary Abrahamson Jr Memory Care Center