GALLOWAY RIDGE INC (EIN 562277623) - 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

2001

Legal Domicile

Principal Officer

ROBERT ZIMMER

Phone

9195452215

Tax Period

2023-01-01 to 2023-12-31

GALLOWAY RIDGE INC, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $37.4M in total revenue in fiscal year 2023. Expenses of $34.7M left a modest 7% surplus.

Mission

OPERATION OF CONTINUING CARE RETIREMENT COMMUNITY

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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 $976,051

Program Service Revenue $35,076,657

Investment Income $1,315,903

Other Revenue $62,760

TOTAL REVENUE $37,431,371

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $15,119,035

Fundraising Expenses $0

Program Expenses $26,948,190

Other Expenses $19,476,426

TOTAL EXPENSES $34,695,461

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,431,371	$35,663,121	+0.0%
Expenses	$34,695,461	$31,422,319	+0.1%
Net Income	$2,735,910	$4,240,802	-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

436

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

$478,121

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY MACKAY	PRESIDENT & DIRECTOR	5.00	Officer Director	$0	$0	$0
ROBBIE COX	SECRETARY & DIRECTOR	5.00	Officer Director	$0	$0	$0
MARVA PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
VALERIE CROFTON-HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT EWEND	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID PERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF STRICKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID RUBIN	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWINA WOODBURY	VICE PRESIDENT / TREASURER & DIRECTOR	10.00	Officer Director	$0	$0	$0
LISA CHAPMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB MARSHALL	BOARD MEMBER	1.00	Director	$0	$0	$0
DENIS DE ST AUBIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT ZIMMER	CEO/EXECUTIVE DIRECTOR	50.00	Officer	$289,343	$40,533	$329,876
DANA BOYLAN-WALKER	SR. DIRECTOR OF FINANCE	50.00	Officer	$129,612	$18,633	$148,245
ADAM MELTON	ASSOCIATE EXECUTIVE DIRECT	50.00	Highest	$154,099	$7,673	$161,772
RYAN PAYNE	EXECUTIVE CHEF	50.00	Highest	$130,522	$13,511	$144,033
MELISSA JOHNSON	SR. DIRECTOR OF MARKETING	50.00	Highest	$148,451	$29,570	$178,021
KIMBERLY HUTTER	DIRECTOR OF HUMAN RESOURCES & ADMIN SERVICES	50.00	Highest	$123,685	$21,610	$145,295
ARVILLA JOHNSON	SR DIRECTOR OF HEALTHCARE SERVICES	50.00	Highest	$132,892	$8,780	$141,672

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	$37,431,371	$34,695,461	$139,974,802	$2,735,910
2022	$35,663,121	$31,422,319	$137,228,327	$4,240,802
2021	$36,150,184	$29,279,650	$130,866,786	$6,870,534
2020	$34,550,128	$29,534,703	$131,431,887	$5,015,425
2019	$32,191,441	$33,720,146	$131,231,832	$-1,528,705
2018	$31,310,553	$30,856,339	$136,381,850	$454,214

GALLOWAY RIDGE INC