THE SALVATION ARMY RESIDENCE INC (EIN 591737149) - 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

1976

Legal Domicile

Principal Officer

ROLAND COX

Phone

4047281300

Tax Period

2023-10-01 to 2024-09-30

THE SALVATION ARMY RESIDENCE INC, founded in 1976, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023.

Mission

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY, HANDICAPPED AND DISABLED

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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 $2,032,159

Program Service Revenue $1,160,960

Investment Income $7,614

Other Revenue $0

TOTAL REVENUE $3,200,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,093,715

Other Expenses $3,412,354

TOTAL EXPENSES $3,412,354

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,200,733	$3,312,058	0.0%
Expenses	$3,412,354	$3,661,688	-0.1%
Net Income	$-211,621	$-349,630	-0.4%

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

N/A

Employees

N/A

Volunteers

240

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

$716,563

Total Directors

$1,251,445

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY JACKSON	DIRECTOR	1.00	Director	$0	$33,040	$75,862
DEBORAH SEDLAR	DIRECTOR/VICE PRESIDENT	1.00	Officer Director	$0	$59,465	$289,295
GREGORY DAVIS	DIRECTOR	1.00	Director	$0	$36,078	$86,580
JAMES SEILER	DIRECTOR/TREASURER	1.00	Officer Director	$0	$27,499	$155,385
JANICE RIEFER	DIRECTOR	1.00	Director	$0	$57,726	$111,416
KELLY IGLEHEART	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$38,945	$102,325
LEON FERRAEZ	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$32,585	$64,553
MARK ISRAEL	DIRECTOR	1.00	Director	$0	$37,684	$182,110
PHILIP SWYERS	DIRECTOR/ASSISTANT TREASUR	1.00	Officer Director	$0	$35,757	$105,005
MICHELLE WILSON	DIRECTOR	1.00	Director	$0	$40,246	$78,914
LEE AUVENSHINE	SECRETARY	1.00	Officer Director	$0	$0	$0
ANTHONY JULIANA	FORMER DIRECTOR	1.00		$0	$34,838	$76,754
CHARLES POWELL	FORMER DIRECTOR/FORMER SEC	1.00		$0	$0	$23,366
DAVID ERICKSON	FORMER DIRECTOR	1.00		$0	$29,261	$116,659
KENNETH LUYK	FORMER DIRECTOR	1.00		$0	$0	$18,746
ROY JOHNSON	FORMER DIRECTOR	1.00		$0	$0	$17,332
STEPHEN MORRIS	FORMER DIRECTOR	1.00		$0	$24,233	$63,527
WILLIAM MOCKABEE	FORMER DIRECTOR	1.00		$0	$0	$89,424
WILLIS HOWELL	FORMER DIRECTOR/FORMER PRE	1.00		$0	$17,413	$99,085

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	$3,200,733	$3,412,354	$5,217,792	$-211,621
2023	$3,312,058	$3,661,688	$5,654,166	$-349,630
2022	$3,028,649	$2,692,543	$5,301,529	$336,106
2021	$2,140,484	$2,417,474	$4,924,931	$-276,990
2020	$2,099,194	$2,410,763	$5,273,308	$-311,569
2019	$2,031,828	$2,459,194	$5,620,881	$-427,366
2018	$1,975,271	$2,199,004	$6,166,759	$-223,733

THE SALVATION ARMY RESIDENCE INC