Sheets Adult Care Center (EIN 561726514) - 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

1991

Legal Domicile

Principal Officer

Matthew Frazier

Phone

9198327227

Tax Period

2023-01-01 to 2023-12-31

Sheets Adult Care Center, founded in 1991, is a small nonprofit that reported $428K in total revenue in fiscal year 2023.

Mission

Center that provides a social/ health day programming for older adults

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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 $64,114

Program Service Revenue $353,122

Investment Income $10,773

Other Revenue $0

TOTAL REVENUE $428,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $327,022

Fundraising Expenses $22,940

Program Expenses $396,908

Other Expenses $126,504

TOTAL EXPENSES $453,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$428,009	$423,838	+0.0%
Expenses	$453,526	$378,204	+0.2%
Net Income	$-25,517	$45,634	-1.6%

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

$63,525

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Frazier	Executive Dir.	40.00	Officer	$63,525	$0	$63,525
Pete Cotter	Chairman	2.00	Officer Director	$0	$0	$0
Kathy Seawell	Treasurer	2.00	Officer Director	$0	$0	$0
Kim Dittmann	Secretary	1.00	Officer Director	$0	$0	$0
Linda Hicks	Director	1.00	Director	$0	$0	$0
Jane Kirkeby	Director	1.00	Director	$0	$0	$0
Randy Smith	Director	1.00	Director	$0	$0	$0
Allison Smith	Director	1.00	Director	$0	$0	$0
Laney Lewis	Director	1.00	Director	$0	$0	$0
Jean Neese	Director	1.00	Director	$0	$0	$0
Leigh Krause	Director	1.00	Director	$0	$0	$0
Brenda Millar	Director	1.00	Director	$0	$0	$0
Claudia Jackson	Director	1.00	Director	$0	$0	$0
Beth Murgitroyd	Director	1.00	Director	$0	$0	$0
Mary Susan Fulghum	Director	1.00	Director	$0	$0	$0
Arlene Pope	Director	1.00	Director	$0	$0	$0
Ida Warden	Director	1.00	Director	$0	$0	$0
Hugh Baily	Director	1.00	Director	$0	$0	$0
Beth Beasley	Director	1.00	Director	$0	$0	$0
Brian Etheridge	Director	1.00	Director	$0	$0	$0
Reid Russell	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	$428,009	$453,526	$362,247	$-25,517
2022	$423,838	$378,204	$401,348	$45,634
2021	$312,942	$299,649	$118,314	$13,293
2020	$455,699	$373,283	$109,136	$82,416
2019	$415,844	$398,461	$26,205	$17,383
2018	$340,138	$348,513	$5,531	$-8,375

Sheets Adult Care Center