MILLIGAN HOUSING FOR THE ELDERLY AND HANDICAPPED OF GAFFNEY INC (EIN 570757442) - 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

1983

Legal Domicile

Principal Officer

CAL WILSON

Phone

4239266031

Tax Period

2023-01-01 to 2023-12-31

MILLIGAN HOUSING FOR THE ELDERLY AND HANDICAPPED OF GAFFNEY INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $283K in total revenue in fiscal year 2023. Expenses of $246K left a modest 13% surplus.

Mission

TO PROVIDE LOW INCOME ASSISTED HOUSING

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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 $279,683

Program Service Revenue $0

Investment Income $296

Other Revenue $3,012

TOTAL REVENUE $282,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,072

Fundraising Expenses $0

Program Expenses $223,811

Other Expenses $220,304

TOTAL EXPENSES $246,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,991	$275,847	+0.0%
Expenses	$246,376	$223,694	+0.1%
Net Income	$36,615	$52,153	-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
RON DEMPSEY	DIRECTOR	2	Director	$0	$0	$0
BILL LORAN	DIRECTOR	2	Director	$0	$0	$0
PHIL TORBETT	PRESIDENT	2	Director	$0	$0	$0
COREY WEBB	DIRECTOR	2	Director	$0	$0	$0
CAL WILSON	DIRECTOR	2	Director	$0	$0	$0
RICK YORK	SEC/TREAS	2	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	$282,991	$246,376	$696,198	$36,615
2022	$275,847	$223,694	$681,387	$52,153
2021	$273,029	$225,760	$653,965	$47,269
2020	$271,192	$228,655	$628,955	$42,537

MILLIGAN HOUSING FOR THE ELDERLY AND HANDICAPPED OF GAFFNEY INC