Siloam Missionary Homes (EIN 570956955) - 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

1992

Legal Domicile

Principal Officer

Michael Gay

Phone

3363768200

Tax Period

2023-01-01 to 2023-12-31

Siloam Missionary Homes, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $338K in total revenue in fiscal year 2023. Expenses of $432K exceeded revenue, resulting in a 28% operating deficit.

Mission

Provide temporary housing for overseas missionaries while they are on furlough in the United States for during their deputation

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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 $338,166

Program Service Revenue $0

Investment Income $11

Other Revenue $0

TOTAL REVENUE $338,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,689

Fundraising Expenses $13,648

Program Expenses $401,057

Other Expenses $193,687

TOTAL EXPENSES $432,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$338,177	N/A	N/A
Expenses	$432,376	N/A	N/A
Net Income	$-94,199	N/A	N/A

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

$86,353

Total Directors

$119,001

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Gay	President	50.00	Officer Director	$39,760	$5,733	$45,493
Rachel George	Vice President	40.00	Officer Director	$40,860	$0	$40,860
Joyce George	Director	30.00	Director	$22,253	$10,395	$32,648
Ray Soyars	Treasurer	0.00	Director	$0	$0	$0
Tom Johns	Director	0.00	Director	$0	$0	$0
Alan Wilson	Director	0.00	Director	$0	$0	$0
Darrell Massey	Director	0.00	Director	$0	$0	$0
Jason Speicher	Director	0.00	Director	$0	$0	$0
Tracie Duff	Director	0.00	Director	$0	$0	$0
Randall Shaw	Director	0.00	Director	$0	$0	$0
Barbara Spence	Director	0.00	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	$338,177	$432,376	$1,001,636	$-94,199
2022	$313,648	$367,551	$1,067,894	$-53,903
2021	$341,551	$406,471	$1,014,524	$-64,920
2020	$375,802	$416,297	$1,097,154	$-40,495
2019	$334,732	$375,964	$1,100,578	$-41,232
2018	$578,467	$319,784	$1,134,971	$258,683

Siloam Missionary Homes