Elon Homes and Schools for Children (EIN 560543225) - 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

1905

Legal Domicile

Phone

7045760245

Tax Period

2020-07-01 to 2021-06-30

Elon Homes and Schools for Children, founded in 1905, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2020. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 48% operating deficit.

Mission

The organization's mission is to provide safe haven, life skills and education to children in our care. Elon Homes fulfills its mission through its Community-Based Foster Care program.

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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 (2020)

Revenue Breakdown

Contributions & Grants $698,217

Program Service Revenue $635,850

Investment Income $1,870

Other Revenue $-31,288

TOTAL REVENUE $1,304,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $901,865

Fundraising Expenses $150,427

Program Expenses $1,062,672

Other Expenses $1,026,560

TOTAL EXPENSES $1,928,425

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,304,649	$2,447,803	-0.5%
Expenses	$1,928,425	$3,430,820	-0.4%
Net Income	$-623,776	$-983,017	-0.4%

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

$357,735

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Dr Frederick G Grosse	President	40.00	Officer	$179,954	$51,098	$231,052
Jane Grosse	Vice President	20.00	Officer	$123,333	$3,350	$126,683
Brad Gilliam	Chairman	0.50	Officer Director	$0	$0	$0
Jackie Toole	Director	0.50	Director	$0	$0	$0
Veronica Dawkins	Director	0.50	Director	$0	$0	$0
David Kennedy	Director	0.50	Director	$0	$0	$0
Lisa Johnson	Director	0.50	Director	$0	$0	$0
Jane Parrish	Director	0.50	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
2021	$1,304,649	$1,928,425	$1,885,575	$-623,776
2020	$2,447,803	$3,649,859	$2,366,641	$-1,202,056
2019	$2,577,507	$3,642,020	$2,642,710	$-1,064,513
2018	$2,248,583	$3,368,955	$2,490,760	$-1,120,372

Elon Homes and Schools for Children