OMEGA RESIDENTIAL

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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

JIMMY LEE ANDERSON

Phone

2564391975

Tax Period

2024-10-01 to 2025-09-30

OMEGA RESIDENTIAL, founded in 2014, is a community nonprofit in the Mental Health sector that reported $2.2M in total revenue in fiscal year 2024. Expenses of $2.7M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE SAFE AND APPROPRIATE HOUSING FOR INTELLECTUALLY, DEVELOPMENTALLY, AND MENTALLY DISABLED PERSONS.

Program Service Accomplishments

Program 1

Expenses: $2,296,942 Revenue: $2,202,270

TO PROVIDE SAFE AND APPROPRIATE HOUSING FOR INTELLECTUALLY, DEVELOPMENTALLY, AND MENTALLY DISABLED PERSONS.

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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 $0

Program Service Revenue $2,202,270

Investment Income $3,082

Other Revenue $0

TOTAL REVENUE $2,205,352

Expense Breakdown

Grants Paid $650,000

Salaries & Benefits $1,309,342

Fundraising Expenses $0

Program Expenses $2,296,942

Other Expenses $737,081

TOTAL EXPENSES $2,696,423

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,205,352	$2,072,238	+0.1%
Expenses	$2,696,423	$1,890,303	+0.4%
Net Income	$-491,071	$181,935	-3.7%

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DIANE LEE ANDERSON	DIRECTOR	Director	$0	$0	$0
KATHY WEST	EXECUTIVE DIRECTOR	Officer	$0	$0	$0
JIMMY LEE ANDERSON	PRESIDENT	Officer	$0	$0	$0
CYNTHIA DAVIS YEARY	SECRETARY/TREASURER	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
2025	$2,205,352	$2,696,423	$1,652,227	$-491,071
2024	$2,072,238	$1,890,303	$1,990,827	$181,935
2023	$2,120,809	$2,015,289	$1,668,990	$105,520
2022	$2,027,012	$1,959,216	$1,609,821	$67,796
2021	$2,269,521	$1,970,964	$1,726,018	$298,557
2020	$1,999,797	$1,600,617	$1,219,149	$399,180
2019	$1,425,954	$1,246,286	$723,393	$179,668
2018	$1,322,861	$1,291,770	$540,687	$31,091