SPRINGMOOR INC (EIN 561368256) - 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

1983

Legal Domicile

Principal Officer

CHARLES B BALLARD

Phone

9198487000

Tax Period

2023-01-01 to 2023-12-31

SPRINGMOOR INC, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $42.5M in total revenue in fiscal year 2023.

Mission

SPRINGMOOR IS A NATIONALLY ACCREDITED FULL SERVICE LIFE CARE RETIREMENT COMMUNITY DESIGNED TO EMPHASIZE INDEPENDENT LIVING, DIGNITY, SECURITY, AND PEACE OF MIND. IT OFFERS A WIDE RANGE OF RESIDENCES, SERVICES, AMENITIES AND COMPREHENSIVE HEALTH CARE. SPRINGMOOR IS DESIGNED TO PROVIDE ACTIVE, INDEPENDENT RETIREMENT LIVING WHILE PROVIDING FOR EXISTING AND FUTURE HEALTH AND PERSONAL CARE NEEDS. SPRINGMOOR'S HEALTH CARE PROGRAM GIVES EACH RESIDENT A STRONG SENSE OF SECURITY, LIFE WITH DIGNITY, LIFETIME CARE, PERSONAL SAFETY AND FINANCIAL SECURITY, AS WELL AS INTERACTION AND COMPANIONSHIP WITH MANY FINE NEIGHBORS WHO HAVE COMMON INTERESTS.

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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 $58,070

Program Service Revenue $38,874,448

Investment Income $3,606,735

Other Revenue $0

TOTAL REVENUE $42,539,253

Expense Breakdown

Grants Paid $406,643

Salaries & Benefits $2,700

Fundraising Expenses $0

Program Expenses $41,302,182

Other Expenses $44,310,578

TOTAL EXPENSES $44,719,921

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,539,253	$40,800,832	+0.0%
Expenses	$44,719,921	$40,703,048	+0.1%
Net Income	$-2,180,668	$97,784	-23.3%

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

N/A

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

$900

Total Directors

$2,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES B BALLARD	PRESIDENT	N/A	Officer Director	$450	$0	$450
WILLIAM BAXLEY	DIRECTOR	1.00	Director	$450	$0	$450
ERNEST CARRAWAY	VICE PRESIDE	1.00	Officer Director	$450	$0	$450
NINA COLE	DIRECTOR	1.00	Director	$450	$0	$450
MARY ANN FREEMAN	DIRECTOR	1.00	Director	$450	$0	$450
JUDY HILL	SECRETARY	1.00	Director	$450	$0	$450
SUSAN WALTON	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$42,539,253	$44,719,921	$111,795,876	$-2,180,668
2022	$40,800,832	$40,703,048	$114,513,623	$97,784
2021	$37,768,204	$39,842,573	$57,744,266	$-2,074,369
2020	$38,045,737	$36,607,204	$58,547,954	$1,438,533
2019	$38,535,108	$38,662,571	$58,513,591	$-127,463
2018	$38,503,859	$37,404,507	$58,013,105	$1,099,352

SPRINGMOOR INC