HOUSING FOR THE ELDERLY OF ADAMSVILLE (EIN 581482306) - 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

1985

Legal Domicile

Principal Officer

DONALD D OLLIO JR

Phone

9013804900

Tax Period

2024-07-01 to 2025-06-30

HOUSING FOR THE ELDERLY OF ADAMSVILLE, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $327K in total revenue in fiscal year 2024. The organization ran a surplus of $59K, a strong 18% operating margin.

Mission

PROVIDE APARTMENT UNITS AND OTHER RELATED SERVICES UNDER THE TERMS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PROGRAMS FOR VERY LOW AND EXTREMELY LOW INCOME ELDERLY INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $212,408

Program Service Revenue $111,032

Investment Income $3,894

Other Revenue $0

TOTAL REVENUE $327,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,116

Fundraising Expenses $0

Program Expenses $216,029

Other Expenses $198,980

TOTAL EXPENSES $268,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,334	$318,974	+0.0%
Expenses	$268,096	$281,326	0.0%
Net Income	$59,238	$37,648	+0.6%

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
HOLLY MITCHENER	MEMBER	1.00	Director	$0	$0	$0
CAROL AVENS	MEMBER	1.00	Director	$0	$0	$0
MEREDITH BINGHAM	MEMBER	1.00	Director	$0	$0	$0
PHYLLIS GAY	MEMBER	1.00	Director	$0	$0	$0
AMANDA WARD	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARY LOU CUSHING	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JENNIFER NORRIS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JEFF ROACH	MEMBER	1.00	Director	$0	$0	$0
BRIAN HARRIS	NON-VOTING CEO	1.00	Officer	$0	$0	$0
DONALD OLLIO	NON-VOTING CFO	1.00	Officer	$0	$0	$0
RONALD BUDYNAS	NON-VOTING COO	1.00	Officer	$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	$327,334	$268,096	$275,498	$59,238
2024	$318,974	$281,326	$325,147	$37,648
2023	$307,541	$272,188	$296,909	$35,353
2022	$289,548	$261,044	$315,099	$28,504
2021	$292,935	$255,960	$326,159	$36,975
2020	$285,892	$245,893	$338,686	$39,999
2019	$281,637	$242,737	$332,255	$38,900
2018	$280,084	$248,296	$331,299	$31,788

HOUSING FOR THE ELDERLY OF ADAMSVILLE