SOLOMONS HOME FOR THE AGED (EIN 570425941) - 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

Principal Officer

HARRY BURCHSTEAD

Tax Period

2025-01-01 to 2025-12-31

SOLOMONS HOME FOR THE AGED is a small nonprofit in the Health Care sector that reported $458K in total revenue in fiscal year 2025. The organization ran a surplus of $117K, a strong 26% operating margin.

Mission

OPERATION OF A HOME FOR THE AGED-SERVING RESIDENTS OF THE HOME.

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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 (2025)

Revenue Breakdown

Contributions & Grants $126,345

Program Service Revenue $319,632

Investment Income $11,408

Other Revenue $1,000

TOTAL REVENUE $458,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,716

Fundraising Expenses $0

Program Expenses $316,525

Other Expenses $146,207

TOTAL EXPENSES $340,923

Year-over-Year Comparison

	2025	2024	Change
Revenue	$458,385	$469,448	0.0%
Expenses	$340,923	$300,201	+0.1%
Net Income	$117,462	$169,247	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAYLE BOOTH	DIRECTOR	N/A	Director	$0	$0	$0
HARRY BURCHSTEAD	DIRECTOR	N/A	Officer Director	$0	$0	$0
MARY DEAKIN BYRD	DIRECTOR	N/A	Director	$0	$0	$0
STEVE CORLEY	CHAIRMAN	N/A	Officer Director	$0	$0	$0
STEVE CREECH	DIRECTOR	N/A	Director	$0	$0	$0
BEVERLEY GULLEDGE	SECRETARY	N/A	Officer Director	$0	$0	$0
CRAIG JUSTICE	TREASURER	N/A	Officer Director	$0	$0	$0
MARY G RODDEY	DIRECTOR	N/A	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	$458,385	$340,923	$685,253	$117,462
2024	No data	No data	No data	No data
2023	$420,582	$297,038	$415,913	$123,544
2022	$278,550	$266,653	$288,733	$11,897
2021	$345,319	$277,240	$298,352	$68,079
2020	$294,653	$260,430	$230,577	$34,223
2019	$309,449	$274,133	$195,221	$35,316
2018	$306,031	$267,081	$157,822	$38,950

SOLOMONS HOME FOR THE AGED