Garnett Senior Housing Foundation Inc (EIN 581395913) - 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

1980

Legal Domicile

Principal Officer

Gerald Eickhoff

Phone

6783302000

Tax Period

2023-01-01 to 2023-12-31

Garnett Senior Housing Foundation Inc, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $521K in total revenue in fiscal year 2023. The organization ran a surplus of $93K, a strong 18% operating margin.

Mission

To own and operate a rental housing property for low-income elderly persons under section 202 of the National Housing Act.

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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 $0

Program Service Revenue $511,983

Investment Income $6,919

Other Revenue $2,214

TOTAL REVENUE $521,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,544

Fundraising Expenses $0

Program Expenses $377,326

Other Expenses $320,480

TOTAL EXPENSES $428,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$521,116	$503,892	+0.0%
Expenses	$428,024	$440,773	0.0%
Net Income	$93,092	$63,119	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerald Eickhoff	President	1.00	Officer Director	$0	$0	$0
Joseph F Glenn	Vice President	1.00	Officer Director	$0	$0	$0
Elizabeth C Glenn	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Larry Gay Reagan	Director	1.00	Director	$0	$0	$0
Kim Delacey	Director	1.00	Director	$0	$0	$0
Robert L Reinhart	Director	1.00	Director	$0	$0	$0
Earleen S Abernathy	Director	1.00	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	$521,116	$428,024	$675,481	$93,092
2022	$503,892	$440,773	$653,696	$63,119
2021	$493,721	$461,818	$654,690	$31,903
2020	$484,416	$418,862	$679,031	$65,554
2019	$475,595	$431,958	$669,139	$43,637
2018	$470,994	$436,602	$671,869	$34,392

Garnett Senior Housing Foundation Inc