SHADY ACRES INDEPENDENT LIVING FOR MENTALLY CHALLENGED ADULTS INC (EIN 593231262) - 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

1995

Legal Domicile

Principal Officer

CHARLIE DEMENZES

Phone

3528731117

Tax Period

2023-10-01 to 2024-09-30

SHADY ACRES INDEPENDENT LIVING FOR MENTALLY CHALLENGED ADULTS INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $172K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $167K left a modest 3% surplus.

Mission

TO PROVIDE SUBSIDIZED HOUSING FOR THE EXPRESS PURPOSE OF FOSTERING LOW AND VERY LOW INCOME MENTALLY HANDICAPPED ADULTS A LIFESTYLE OF RESPONSIBILITY AND INDEPENDENCE.

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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 $0

Program Service Revenue $147,443

Investment Income $24,797

Other Revenue $0

TOTAL REVENUE $172,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,521

Other Expenses $166,870

TOTAL EXPENSES $166,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,240	$145,984	+0.2%
Expenses	$166,870	$167,689	0.0%
Net Income	$5,370	$-21,705	-1.2%

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

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
THOMAS ADAIR	BOARD MEMBER	N/A	Director	$0	$0	$0
GAYLE CARROLL	TREASURER	N/A	Officer Director	$0	$0	$0
STEVE CARROLL	ROARD MEMBER	N/A	Director	$0	$0	$0
CHARLIE DEMENZES	PRESIDENT	N/A	Officer Director	$0	$0	$0
PAM EDWARDS	BOARD MEMBER	N/A	Director	$0	$0	$0
BETTY GAUL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
NORMA HANNAN	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL O'CONNOR	BOARD MEMBER	N/A	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
2025	No data	No data	No data	No data
2024	$172,240	$166,870	$581,868	$5,370
2023	$145,984	$167,689	$578,022	$-21,705
2022	$69,593	$176,266	$745,718	$-106,673
2021	$200,087	$142,184	$857,220	$57,903
2020	$137,892	$122,536	$804,665	$15,356
2019	$133,665	$136,751	$797,073	$-3,086
2018	$115,026	$157,467	$806,577	$-42,441

SHADY ACRES INDEPENDENT LIVING FOR MENTALLY CHALLENGED ADULTS INC