HENDERSONVILLE SENIOR RESIDENCE BOARD (EIN 581475986) - 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

1984

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

HENDERSONVILLE SENIOR RESIDENCE BOARD, founded in 1984, is a small nonprofit that reported $958K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $286K, a strong 30% operating margin.

Mission

TO PROVIDE NONPROFIT AFFORDABLE RENTAL HOUSING FOR THE ELDERLY AND HANDICAP

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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 $951,477

Investment Income $729

Other Revenue $5,424

TOTAL REVENUE $957,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,971

Fundraising Expenses $0

Program Expenses $615,253

Other Expenses $515,170

TOTAL EXPENSES $671,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$957,630	$791,632	+0.2%
Expenses	$671,141	$656,770	+0.0%
Net Income	$286,489	$134,862	+1.1%

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
KENNETH WALKER	SECRETARYTREASURER	1.00	Director	$0	$0	$0
JEFF OLIVER	MEMBER	1.00	Director	$0	$0	$0
RANDY WILLIAMS	PRESIDENT	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
2025	No data	No data	No data	No data
2024	$957,630	$671,141	$885,771	$286,489
2023	$791,632	$656,770	$773,197	$134,862
2022	$776,966	$652,765	$811,467	$124,201
2021	$777,467	$750,792	$842,247	$26,675
2020	$781,427	$684,336	$978,481	$97,091
2019	$767,047	$624,338	$1,073,526	$142,709
2018	$746,032	$628,563	$1,050,040	$117,469

HENDERSONVILLE SENIOR RESIDENCE BOARD