LAURENS MEMORIAL HOME FOR THE AGED INC (EIN 570531246) - 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

1982

Legal Domicile

Principal Officer

JAMES R JACKS JR

Phone

8646824823

Tax Period

2022-07-01 to 2023-06-30

LAURENS MEMORIAL HOME FOR THE AGED INC, founded in 1982, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $986K left a modest 9% surplus.

Mission

ELDERLY NURSING HOME CARE

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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 (2022)

Revenue Breakdown

Contributions & Grants $468,919

Program Service Revenue $605,721

Investment Income $11,369

Other Revenue $1,271

TOTAL REVENUE $1,087,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $602,715

Fundraising Expenses $0

Program Expenses $907,867

Other Expenses $266,462

TOTAL EXPENSES $986,300

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,087,280	$832,478	+0.3%
Expenses	$986,300	$620,858	+0.6%
Net Income	$100,980	$211,620	-0.5%

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
JAMES R JACKS JR	CHAIRMAN	N/A	Officer Director	$0	$0	$0
WILLIAM ADAIR	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
JAMES E BRYAN	DIRECTOR	N/A	Director	$0	$0	$0
ANN KNIGHT	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN WARE	DIRECTOR	N/A	Director	$0	$0	$0
HOMER ELWOOD	DIRECTOR	N/A	Director	$0	$0	$0
ZEKE BENJAMIN	DIRECTOR	N/A	Director	$0	$0	$0
GERALD RICE	DIRECTOR	N/A	Director	$0	$0	$0
GIL MOSS	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,087,280	$986,300	$628,601	$100,980
2022	$832,478	$620,858	$527,832	$211,620
2021	$591,325	$832,831	$315,399	$-241,506
2020	$522,341	$650,748	$558,132	$-128,407

LAURENS MEMORIAL HOME FOR THE AGED INC