GREATER OWENSBORO SENIOR CITIZENS UNION LABOR HOUSING CORPORATION (EIN 510167182) - 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

1974

Legal Domicile

Principal Officer

RICHARD THOMSON

Phone

5026349830

Tax Period

2024-10-01 to 2025-09-30

GREATER OWENSBORO SENIOR CITIZENS UNION LABOR HOUSING CORPORATION, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $500K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $411K, a strong 82% operating margin.

Mission

THE ORGANIZATION OPERATES AN APARTMENT COMPLEX AND LAUNDRY SERVICES FOR THE ELDERLY. RENTS ARE SUBSIDIZED BY SECTION 8 HOUSING.

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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 $500,404

Investment Income $0

Other Revenue $0

TOTAL REVENUE $500,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,390

Fundraising Expenses $0

Program Expenses $89,560

Other Expenses $83,170

TOTAL EXPENSES $89,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$500,404	$564,554	-0.1%
Expenses	$89,560	$86,323	+0.0%
Net Income	$410,844	$478,231	-0.1%

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

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
RICHARD THOMSON	PRESIDENT	20.00	Officer Director	$0	$0	$0
DOUGLAS HAYDEN	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
DONNA HAYNES	SECRETARY	0.00	Officer Director	$0	$0	$0
ANNA CHURCH	DIRECTOR	0.00	Director	$0	$0	$0
CHARLES RIDEOUT	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS HAYNES	DIRECTOR	0.00	Director	$0	$0	$0
DAVID WAGNER	DIRECTOR	0.00	Director	$0	$0	$0
GEOFFREY HARRISON	DIRECTOR	0.00	Director	$0	$0	$0
RYAN HAYDEN	DIRECTOR	0.00	Director	$0	$0	$0
TIM WEST	DIRECTOR	0.00	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	$500,404	$89,560	$16,636,152	$410,844
2024	No data	No data	No data	No data
2023	$505,643	$84,783	$15,745,371	$420,860
2022	$618,504	$81,870	$15,313,313	$536,634
2021	$448,649	$76,907	$14,788,023	$371,742
2020	$453,691	$78,535	$14,425,530	$375,156
2019	$420,914	$69,079	$14,097,247	$351,835
2018	$436,187	$64,242	$13,729,750	$371,945

GREATER OWENSBORO SENIOR CITIZENS UNION LABOR HOUSING CORPORATION