BIG ELM RETIREMENT CENTER

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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

1979

Legal Domicile

Principal Officer

John E Taylor

Phone

7049335862

Tax Period

2024-10-01 to 2025-09-30

BIG ELM RETIREMENT CENTER, founded in 1979, is a small nonprofit that reported $244K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Net assets of $1.3M represent 65 months of operating reserves.

Mission

Outreach ministry to indigent, aged, and needy

Program Service Accomplishments

Program 1

Expenses: $177,708 Revenue: $244,464

Rental of the facilities for the benefit of the sick, aged or needy persons and offering an outreach ministry to the indigent, aged or needy persons and such other charitable and religious purposes within the community served in furtherance of the charitable and religious purposes of the Church.

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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 $49,117

Program Service Revenue $0

Investment Income $7,296

Other Revenue $188,051

TOTAL REVENUE $244,464

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,237

Fundraising Expenses $0

Program Expenses $177,708

Other Expenses $123,420

TOTAL EXPENSES $266,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,464	$274,747	-0.1%
Expenses	$266,657	$303,300	-0.1%
Net Income	$-22,193	$-28,553	-0.2%

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

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

$67,686

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pat Palmquist	President	2.00	Officer	$0	$0	$0
Gary Holman	Director	2.00	Director	$0	$0	$0
John Taylor	Chairman	2.00	Officer	$0	$0	$0
Sam Crisp	Director	2.00	Director	$0	$0	$0
N/A	Director	2.00	Director	$0	$0	$0
Don Newton	Director	2.00	Director	$0	$0	$0
Greg Sloop	Director	2.00	Director	$0	$0	$0
Rebecca Barnes	Executive Director	40.00	Key Emp	$15,242	$0	$67,686
Rebecca Osborne	Director	2.00	Director	$0	$0	$0
Eddie Heglar	Director	2.00	Director	$0	$0	$0
Steve Owens	Director	2.00	Director	$0	$0	$0
Judy Palmquist	Director	2.00	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	$244,464	$266,657	$1,316,826	$-22,193
2024	$274,747	$303,300	$1,339,168	$-28,553
2023	$294,804	$295,671	$1,367,647	$-867
2022	$289,088	$308,198	$1,368,035	$-19,110
2021	$286,262	$283,219	$1,387,145	$3,043
2020	$276,075	$317,163	$1,384,102	$-41,088
2019	$260,679	$299,781	$1,425,190	$-39,102
2018	$249,939	$284,470	$1,464,292	$-34,531