MENTAL HEALTH ASSOCIATION RESIDENTIAL CARE INC (EIN 481096498) - 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

1999

Legal Domicile

Principal Officer

MARY JONES

Phone

3166851821

Tax Period

2023-01-01 to 2023-12-31

MENTAL HEALTH ASSOCIATION RESIDENTIAL CARE INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2023.

Mission

PROVIDE RESIDENTIAL CARE SERVICES FOR PERSONS LIVING IN FACILITIES FOR THE DISABLED. THESE SERVICES INCLUDE ROOM, BOARD, HOME CARE, TRANSPORTATION AND RECREATION SERVICES.

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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 $1,542,726

Program Service Revenue $1,894,647

Investment Income $104,557

Other Revenue $194,262

TOTAL REVENUE $3,736,192

Expense Breakdown

Grants Paid $380,330

Salaries & Benefits $2,185,132

Fundraising Expenses $0

Program Expenses $3,542,551

Other Expenses $1,265,818

TOTAL EXPENSES $3,831,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,736,192	$3,779,979	0.0%
Expenses	$3,831,280	$3,685,641	+0.0%
Net Income	$-95,088	$94,338	-2.0%

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

$319,823

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARNOLD HUDSPETH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES MCCLELLAN	DIRECTOR	1.00	Director	$0	$0	$0
ANGEL CULVER	DIRECTOR	1.00	Director	$0	$0	$0
LAVONTA WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
MARY JONES	PRESIDENT/CEO	1.00	Officer	$0	$4,488	$165,257
STEVE SCHMIDT	CFO	1.00	Officer	$0	$6,228	$113,728
ANGELA WATSON	COO	1.00	Officer	$0	$646	$40,838

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	No data	No data	No data	No data
2023	$3,736,192	$3,831,280	$4,202,043	$-95,088
2022	$3,779,979	$3,685,641	$4,869,869	$94,338
2021	$3,564,624	$3,413,948	$4,985,305	$150,676
2020	$3,349,848	$3,245,812	$4,499,856	$104,036
2019	$2,816,605	$2,951,351	$6,437,488	$-134,746
2018	$3,025,987	$2,872,558	$4,960,150	$153,429

MENTAL HEALTH ASSOCIATION RESIDENTIAL CARE INC