MILLIGAN HOUSING FOR THE ELDERLY & HANDICAPPED OF ELIZABETHTON TENNES (EIN 581580734) - 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

Principal Officer

CAL WILSON

Phone

4239266031

Tax Period

2023-01-01 to 2023-12-31

MILLIGAN HOUSING FOR THE ELDERLY & HANDICAPPED OF ELIZABETHTON TENNES, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $299K in total revenue in fiscal year 2023. The organization ran a surplus of $77K, a strong 26% operating margin.

Mission

PROVISION OF ASSISTED LOW INCOME HOUSING

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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 $297,587

Program Service Revenue $0

Investment Income $572

Other Revenue $1,019

TOTAL REVENUE $299,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,350

Fundraising Expenses $0

Program Expenses $195,106

Other Expenses $194,766

TOTAL EXPENSES $222,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$299,178	$282,673	+0.1%
Expenses	$222,116	$215,256	+0.0%
Net Income	$77,062	$67,417	+0.1%

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
RON DEMPSEY	DIRECTOR	2	Director	$0	$0	$0
BILL LORAN	DIRECTOR	2	Director	$0	$0	$0
PHIL TORBETT	PRESIDENT	2	Director	$0	$0	$0
COREY WEBB	DIRECTPR	2	Director	$0	$0	$0
CAL WILSON	DIRECTOR	2	Director	$0	$0	$0
RICK YORK	SEC/TREAS	2	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	$299,178	$222,116	$488,217	$77,062
2022	$282,673	$215,256	$508,696	$67,417
2021	$284,095	$218,076	$498,406	$66,019
2020	$287,930	$219,232	$514,267	$68,698

MILLIGAN HOUSING FOR THE ELDERLY & HANDICAPPED OF ELIZABETHTON TENNES