RUDGE MEMORIAL HOMES INC (EIN 476026339) - 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

1948

Legal Domicile

Principal Officer

MR BRAD PHILSON

Phone

4023231528

Tax Period

2025-01-01 to 2025-12-31

RUDGE MEMORIAL HOMES INC, founded in 1948, is a small nonprofit that reported $459K in total revenue in fiscal year 2025. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $667K exceeded revenue, resulting in a 45% operating deficit.

Mission

ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE RENTAL APARTMENTS 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 (2025)

Revenue Breakdown

Contributions & Grants $15,000

Program Service Revenue $294,298

Investment Income $145,300

Other Revenue $4,492

TOTAL REVENUE $459,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,555

Fundraising Expenses $0

Program Expenses $611,714

Other Expenses $664,566

TOTAL EXPENSES $667,121

Year-over-Year Comparison

	2025	2024	Change
Revenue	$459,090	$890,615	-0.5%
Expenses	$667,121	$623,532	+0.1%
Net Income	$-208,031	$267,083	-1.8%

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	Role	Reportable Comp	Other Comp	Total
Lee Chapin	President	Officer Director	$0	$0	$0
Brad Philson	Treasurer	Officer Director	$0	$0	$0
Rob Otte	Secretary	Officer Director	$0	$0	$0
Douglas Ganz	Director	Officer Director	$0	$0	$0
George McCabe	Director	Officer Director	$0	$0	$0
Richard Meginnis	Director	Officer Director	$0	$0	$0
Kristine Dykeman - Schoening	Director	Officer Director	$0	$0	$0
Tyler Schik	Director	Officer Director	$0	$0	$0
Todd Peterson	Director	Officer 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
2025	$459,090	$667,121	$7,089,560	$-208,031
2024	$890,615	$623,532	$6,666,078	$267,083
2023	$607,777	$604,343	$6,423,777	$3,434
2022	$417,412	$552,913	$6,013,033	$-135,501
2021	$822,840	$464,210	$7,092,576	$358,630
2020	$547,436	$493,277	$6,493,947	$54,159
2019	$447,396	$452,349	$5,946,189	$-4,953
2018	$594,644	$386,005	$5,295,883	$208,639

RUDGE MEMORIAL HOMES INC