HOUSING FOR THE ELDERLY OF HENDERSON COUNTY INC (EIN 581440100) - 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

1981

Legal Domicile

Principal Officer

DONALD D OLLIO JR

Phone

9013804900

Tax Period

2023-10-01 to 2024-09-30

HOUSING FOR THE ELDERLY OF HENDERSON COUNTY INC, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 225% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 86% operating margin.

Mission

HOUSING AND SERVICES FOR THE ELDERLY

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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 $69,509

Program Service Revenue $40,021

Investment Income $1,947,742

Other Revenue $0

TOTAL REVENUE $2,057,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,674

Fundraising Expenses $0

Program Expenses $256,800

Other Expenses $268,785

TOTAL EXPENSES $280,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,057,272	$632,306	+2.3%
Expenses	$280,459	$578,945	-0.5%
Net Income	$1,776,813	$53,361	+32.3%

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

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
EDDIE BRAY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BOBBY DEBERRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROLE SMALL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BOBBITT	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM FORNEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FRIZZELL	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET MILAM	DIRECTOR	1.00	Director	$0	$0	$0
DR WARREN RAMER	DIRECTOR	1.00	Director	$0	$0	$0
THERESA SPARKS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE UJCICH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TATE	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	$2,057,272	$280,459	$721,436	$1,776,813
2023	$632,306	$578,945	$714,828	$53,361
2022	$593,062	$608,818	$736,393	$-15,756
2021	$570,911	$574,634	$750,903	$-3,723
2020	$614,065	$514,749	$795,271	$99,316
2019	$551,590	$519,338	$733,591	$32,252
2018	$549,182	$529,080	$737,048	$20,102

HOUSING FOR THE ELDERLY OF HENDERSON COUNTY INC