SAVIN ROCK COMMUNITIES INC (EIN 473073109) - 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

JOHN COUNTER

Phone

2039348671

Tax Period

2024-01-01 to 2024-12-31

SAVIN ROCK COMMUNITIES INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $6.9M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 16% operating margin.

Mission

TO PROVIDE SAFE, SANITARY AND SUITABLE LIVING ACCOMMODATIONS TO PERSONS OF LOW, MODERATE AND MIDDLE INCOME IN THE STATE OF CONNECTICUT THROUGH THE OWNERSHIP, CONSTRUCTION, DEVELOPMENT, RENOVATION, IMPROVEMENT, SPONSORSHIP, FINANCING, REFINANCING, MANAGEMENT, LEASING AND OPERATION OF CERTAIN PIECES OR PARCELS OF REAL PROPERTY.

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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 $6,682,247

Investment Income $188,589

Other Revenue $0

TOTAL REVENUE $6,870,836

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,058,779

Fundraising Expenses $0

Program Expenses $5,039,698

Other Expenses $4,701,092

TOTAL EXPENSES $5,759,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,870,836	$4,883,608	+0.4%
Expenses	$5,759,871	$2,989,742	+0.9%
Net Income	$1,110,965	$1,893,866	-0.4%

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

$16,000

Total Directors

$42,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN COUNTER	PRESIDENT	0.77	Officer Director	$8,000	$0	$8,000
JOHN O'CONNOR	DIRECTOR	0.25	Director	$8,000	$0	$8,000
WAYNE ORIO	TREASURER	0.77	Officer Director	$8,000	$0	$8,000
ROSEMARIE PAINE	DIRECTOR	0.25	Director	$8,000	$0	$8,000
DOUGLAS RUICKOLDT	DIRECTOR	0.25	Director	$8,000	$0	$8,000
HAROLD BURNS	DIRECTOR	0.25	Director	$2,000	$0	$2,000

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	$6,870,836	$5,759,871	$44,723,113	$1,110,965
2023	$4,883,608	$2,989,742	$21,331,309	$1,893,866
2022	$4,287,266	$2,128,459	$7,525,612	$2,158,807
2021	$4,197,855	$2,265,653	$4,949,836	$1,932,202
2020	$544,910	$294,507	$2,962,905	$250,403

SAVIN ROCK COMMUNITIES INC