CHESAPEAKE GROUP HOMES INC (EIN 521163907) - 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

1978

Legal Domicile

Principal Officer

LISA KORELL

Phone

4108222644

Tax Period

2024-07-01 to 2025-06-30

CHESAPEAKE GROUP HOMES INC, founded in 1978, is a community nonprofit in the Human Services sector that reported $7.0M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 18% operating margin.

Mission

THE CENTER PROVIDES INDEPENDENT LIVING ARRANGEMENTS AND RECREATIONAL ACTIVITIES FOR HANDICAPPED INDIVIDUALS.

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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 $6,264,925

Program Service Revenue $514,266

Investment Income $225,055

Other Revenue $0

TOTAL REVENUE $7,004,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,582,950

Fundraising Expenses $578

Program Expenses $5,619,761

Other Expenses $1,183,283

TOTAL EXPENSES $5,766,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,004,246	$5,455,930	+0.3%
Expenses	$5,766,233	$5,258,036	+0.1%
Net Income	$1,238,013	$197,894	+5.3%

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

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

$89,386

Total Directors

$230,056

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY NEVIASER	DIRECTOR	3.00	Director	$0	$0	$0
JESSE HAMMOCK	CHAIR	3.00	Director	$0	$0	$0
J ANDREW SMITH	DIRECTOR	3.00	Director	$0	$0	$0
PATRICIA D STEIN	DIRECTOR	3.00	Director	$0	$0	$0
DEBORAH COLLISON	VICE CHAIR	3.00	Officer Director	$0	$0	$0
WALLER HAIRSTON	DIRECTOR	3.00	Officer Director	$0	$0	$0
BRYAN WIELAND	DIRECTOR	3.00	Director	$0	$0	$0
SETH BEATTY	DIRECTOR	3.00	Director	$0	$0	$0
JOAN MCGARRY	DIRECTOR	3.00	Director	$0	$0	$0
JASON C PRICE	DIRECTOR	3.00	Director	$0	$0	$0
MANDY OWEN	IMMEDIATE PAST CHAIR	3.00	Director	$0	$0	$100,782
DONNA HARRISON	IMMEDIATE PAST PRESIDENT	3.00	Director	$0	$0	$129,274
LISA KORELL	PRESIDENT	10.00	Officer	$0	$0	$0
EDWARD KIRK PHILLIPS	ACCOUNTING MANAGER	10.00	Officer	$0	$0	$89,386

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	$7,004,246	$5,766,233	$5,875,786	$1,238,013
2024	$5,455,930	$5,258,036	$4,689,470	$197,894
2023	$5,889,084	$4,580,174	$4,561,555	$1,308,910
2022	$5,250,471	$4,170,440	$3,213,796	$1,080,031
2021	$5,311,687	$3,983,977	$2,140,491	$1,327,710
2020	$4,411,609	$4,053,056	$956,441	$358,553
2019	$3,471,899	$3,839,661	$408,529	$-367,762
2018	$2,944,790	$3,407,065	$196,287	$-462,275

CHESAPEAKE GROUP HOMES INC