GOLDEN CROSS SENIOR MINISTRIES INC (EIN 581871974) - 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

1997

Legal Domicile

Principal Officer

DALE SHARP

Phone

9012131930

Tax Period

2023-01-01 to 2023-12-31

GOLDEN CROSS SENIOR MINISTRIES INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $426K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 23% operating margin.

Mission

TO ENHANCE THE QUALITY OF LIFE FOR ALL SENIORS SERVED BY WESLEY LIVING.

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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 $348,581

Program Service Revenue $0

Investment Income $45,507

Other Revenue $31,701

TOTAL REVENUE $425,789

Expense Breakdown

Grants Paid $198,214

Salaries & Benefits $86,128

Fundraising Expenses $25,838

Program Expenses $228,628

Other Expenses $42,199

TOTAL EXPENSES $326,541

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,789	$352,028	+0.2%
Expenses	$326,541	$323,241	+0.0%
Net Income	$99,248	$28,787	+2.4%

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

$62,504

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE GARRISON	EXECUTIVE DI	40.00	Officer	$62,504	$0	$62,504
BOB BLACKMON	DIRECTOR	N/A	Director	$0	$0	$0
MARTHA ANN CORLEW	DIRECTOR	N/A	Director	$0	$0	$0
JERRY ERHLICH	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW LIPSCOMB III	DIRECTOR	N/A	Director	$0	$0	$0
SAMEKA JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
LARRY W KARBAN	DIRECTOR	N/A	Director	$0	$0	$0
DAVE KRIEGER	DIRECTOR	N/A	Director	$0	$0	$0
WALTER LONDON	DIRECTOR	N/A	Director	$0	$0	$0
ANDY MALMO	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE MOORE	DIRECTOR	N/A	Director	$0	$0	$0
CATHERINE SIMPSON	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD SWEEBE	DIRECTOR	N/A	Director	$0	$0	$0
BOB VORNBROCK	DIRECTOR	N/A	Director	$0	$0	$0
TIM WHELAN	DIRECTOR	N/A	Director	$0	$0	$0
FORESTENE LONDON	SECRETARY	N/A	Officer	$0	$0	$0
DALE SHARP	CHAIRPERSON	N/A	Officer	$0	$0	$0
JOEL SMITH	VICE CHAIRPE	N/A	Officer	$0	$0	$0
JEFF THOMASON	TREASURER	N/A	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
2024	No data	No data	No data	No data
2023	$425,789	$326,541	$1,896,315	$99,248
2022	$352,028	$323,241	$1,660,031	$28,787
2021	$415,625	$297,227	$1,883,437	$118,398
2020	$359,987	$303,575	$1,631,315	$56,412
2019	$446,708	$331,896	$1,409,181	$114,812

GOLDEN CROSS SENIOR MINISTRIES INC