SOUTHMINSTER INC (EIN 561443222) - 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

1984

Legal Domicile

Principal Officer

BEN GILCHRIST

Phone

7045516800

Tax Period

2024-10-01 to 2025-09-30

SOUTHMINSTER INC, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $54.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE CONTINUING CARE TO RESIDENTS OF SOUTHMINSTER, INC.

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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 $1,994,295

Program Service Revenue $50,713,073

Investment Income $1,402,290

Other Revenue $290,809

TOTAL REVENUE $54,400,467

Expense Breakdown

Grants Paid $1,553,623

Salaries & Benefits $23,535,932

Fundraising Expenses $151,391

Program Expenses $48,216,322

Other Expenses $29,496,880

TOTAL EXPENSES $54,588,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,400,467	$48,923,977	+0.1%
Expenses	$54,588,935	$53,758,959	+0.0%
Net Income	$-188,468	$-4,834,982	-1.0%

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

733

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

$1,196,957

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV ROBIN COIRA	CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES H CONNER JR	VICE CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN R SALVIN	VICE CHAIR/SECRETARY (10/24 - 2/25)	1.00	Officer Director	$0	$0	$0
MARYANN LARGEN	VICE CHAIR/SECRETARY(2/25- PRESENT)	1.00	Officer Director	$0	$0	$0
FRANK HORNE JR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GLORIA GIBSON	VICE CHAIR (2/25 - PRESENT)	1.00	Officer Director	$0	$0	$0
ROY L SMART III	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE G BLEDSOE	BOARD MEMBER	1.00	Director	$0	$0	$0
JACK COOK	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY DAGENHART	BOARD MEMBER	1.00	Director	$0	$0	$0
REV LISA SAUNDERS	EX OFFICIO (10/24 - 1/25)	1.00	Director	$0	$0	$0
REV HENRY HARMAN EDENS III	EX OFFICIO (2/25 - PRESENT)	1.00	Director	$0	$0	$0
REV CARRIE VEAL	EX OFFICIO (10/24 - 3/25)	1.00	Director	$0	$0	$0
EDWARD T HINSON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CHARLES EDWARDS	BOARD MEMBER (2/25 - PRESENT)	1.00	Director	$0	$0	$0
BEN GILCHRIST	PRESIDENT & CEO	39.00	Officer	$509,808	$69,806	$579,614
KENDA LAUGHEY	CFO/ASST TREASURER	39.00	Officer	$297,736	$48,114	$345,850
ARNOLDO MARQUEZ	COO/ASST SEC	40.00	Officer	$236,857	$34,636	$271,493
STEWART WILEY	VP OF MARKETING	40.00	Highest	$185,379	$36,206	$221,585
TERESA LEWIS	CONTROLLER	40.00	Highest	$152,514	$43,599	$196,113
LISA MCCLELLAN	VP OF HUMAN RESOURCES	40.00	Highest	$152,382	$33,836	$186,218
JOSH NOLAND	DIRECTOR OF CAMPUS FACILIT	40.00	Highest	$149,230	$36,510	$185,740
TRACY MCGINNIS	VP OF PHILANTHROPY AND STR	40.00	Highest	$145,521	$23,996	$169,517

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	$54,400,467	$54,588,935	$237,709,662	$-188,468
2024	$48,923,977	$53,758,959	$243,833,517	$-4,834,982
2023	$51,247,846	$51,277,445	$248,725,124	$-29,599
2022	$46,562,509	$46,616,748	$251,267,272	$-54,239
2021	$38,734,490	$42,078,257	$243,805,102	$-3,343,767
2020	$33,835,189	$32,834,681	$242,719,706	$1,000,508
2019	$33,456,364	$30,764,577	$228,819,591	$2,691,787
2018	$31,150,720	$28,826,891	$207,700,331	$2,323,829

SOUTHMINSTER INC