Evergreen Terrace Inc (EIN 582550584) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Principal Officer

Claude Gilstrap

Tax Period

2023-01-01 to 2023-12-31

Evergreen Terrace Inc is a small nonprofit in the Human Services sector that reported $300K in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $408K exceeded revenue, resulting in a 36% operating deficit.

Mission

Assisted Living Services Provides Assisted living services to the community for the elderly

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $300,487

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $300,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,379

Fundraising Expenses $0

Program Expenses $407,933

Other Expenses $234,554

TOTAL EXPENSES $407,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,487	$472,188	-0.4%
Expenses	$407,933	$544,593	-0.3%
Net Income	$-107,446	$-72,405	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

N/A

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
Claude Gilstra	Director	20	Director	$0	$0	$0
Claude Gilstra	Director	20	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
2023	$300,487	$407,933	$175,419	$-107,446
2022	$472,188	$544,593	$263,470	$-72,405
2021	$466,791	$414,461	$341,231	$52,330
2020	$485,655	$459,103	$377,329	$26,552

Evergreen Terrace Inc