THOMAS-ADAMS RESIDENTIAL CARE FACILITY INC (EIN 510434656) - 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

2002

Legal Domicile

Phone

5108127791

Tax Period

2023-01-01 to 2023-12-31

THOMAS-ADAMS RESIDENTIAL CARE FACILITY INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $925K in total revenue in fiscal year 2023.

Mission

TO PROVIDE HOUSING AND CARE FOR MENTALLY ILL ADULTS, AGES 18-59. THE FACILITY PROVIDES CARE 24 HOURS A DAY, 7 DAYS A WEEK. THE RESIDENTS DO NOT HAVE THE MENTAL ABILITY OR FINANCIAL RESOURCES TO CARE FOR THEMSELVES INDEPENDENTLY.

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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 $0

Program Service Revenue $925,055

Investment Income $12

Other Revenue $0

TOTAL REVENUE $925,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $551,582

Fundraising Expenses $0

Program Expenses $858,507

Other Expenses $357,785

TOTAL EXPENSES $909,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$925,067	$878,775	+0.1%
Expenses	$909,367	$881,188	+0.0%
Net Income	$15,700	$-2,413	-7.5%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD C THOMAS JR	EXECUTIVE DIRECTOR	30.00		$27,350	$0	$27,350
MATTHEW THOMAS	EXECUTIVE DIRECTOR	30.00		$26,750	$0	$26,750
HAROLD C THOMAS JR	President	1.00	Officer	$0	$0	$0
MATTHEW THOMAS	Vice President	1.00	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
2024	No data	No data	No data	No data
2023	$925,067	$909,367	$171,401	$15,700
2022	$878,775	$881,188	$157,025	$-2,413
2021	$834,281	$674,023	$154,755	$160,258
2020	$705,681	$640,925	$29,859	$64,756
2019	$735,310	$693,503	$59,327	$41,807
2018	$559,463	$573,433	$19,519	$-13,970

THOMAS-ADAMS RESIDENTIAL CARE FACILITY INC