KENTON HOUSING INC

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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

1962

Legal Domicile

Principal Officer

LONDA KNOLLMAN

Phone

8594312244

Tax Period

2023-01-01 to 2023-12-31

KENTON HOUSING INC, founded in 1962, is a mid-sized nonprofit in the Housing & Shelter sector that reported $31.0M in total revenue in fiscal year 2023.

Mission

PROVIDE A COMMUNITY OF CARE FOR RESIDENTS THAT HONORS THEIR PAST, ENRICHES THEIR PRESENT AND EMPOWERS THEIR FUTURE.

Program Service Accomplishments

Program 1

Expenses: $28,715,165 Revenue: $28,602,079

TO PROVIDE A COMMUNITY OF CARE FOR RESIDENTS THAT HONORS THEIR PAST, ENRICHES THEIR PRESENT, AND EMPOWERS THEIR FUTURE. OUR SERVICES INCLUDE SHORT TERM REHAB, SKILLED CARE, LONG TERM CARE, PALLIATIVE CARE AND DEMENTIA CARE. AS A NOT-FOR-PROFIT FACILITY WE ARE ABLE TO STAY FOCUSED ON OUR MISSION WITHOUT REGARD TO FINANCIAL STATUS OF POTENTIAL AND CURRENT RESIDENTS. A COMMITMENT TO THIS APPROACH IS EVIDENCED BY THE FACT THAT FOR 2023 WE PROVIDED APPROXIMATELY $4.7 MILLION IN CHARITABLE CARE.

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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 $3,712

Program Service Revenue $28,602,079

Investment Income $2,409,055

Other Revenue $10,849

TOTAL REVENUE $31,025,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,092,635

Fundraising Expenses $0

Program Expenses $28,715,165

Other Expenses $17,695,895

TOTAL EXPENSES $31,788,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,025,695	$31,013,005	+0.0%
Expenses	$31,788,530	$31,631,029	+0.0%
Net Income	$-762,835	$-618,024	+0.2%

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

389

Volunteers

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

$625,149

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MIDDLETON	BOARD CHAIRMAN	2.00	Officer Director	$0	$0	$0
RON KEITH	BOARD VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
DR MARK MIDDENDORF	SECRETARY	2.00	Officer Director	$0	$0	$0
GENE WEAVER	TREASURER	2.00	Officer Director	$0	$0	$0
BONNIE HALDERMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DR JOHN ELDRIDGE	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES TITUS	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY FOSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY SIMMONS	BOARD MEMBER/IMMEDIATE PAST CHAIR	2.00	Director	$0	$0	$0
JULIE JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIC SCHIEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
SPIKE JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
MADONNA VINICOMBE	BOARD MEMBER	2.00	Director	$0	$0	$0
LONDA KNOLLMAN	EXECUTIVE DIRECTOR	40.00	Officer	$234,804	$40,023	$274,827
DAVID BOYER	CFO	40.00	Officer	$135,264	$39,550	$174,814
BRAD STANFORD	CHIEF TALENT OFFICER & COO	40.00	Officer	$135,910	$39,598	$175,508
TINA MARTIN	ADMINISTRATOR - EMERALD TRACE	40.00	Highest	$128,248	$21,039	$149,287
MARY JO MARINELLO	CLINICAL CARE COORDINATOR	40.00	Highest	$101,999	$17,295	$119,294
KARA BENTON	DON	40.00	Highest	$115,350	$37,367	$152,717
OLIVIA TILLMAN	NURSING SUPERVISOR	40.00	Highest	$116,545	$38,708	$155,253

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	$31,025,695	$31,788,530	$59,169,352	$-762,835
2022	$31,013,005	$31,631,029	$62,462,290	$-618,024
2021	$31,745,821	$28,426,400	$68,380,829	$3,319,421
2020	$26,376,569	$26,165,248	$65,339,441	$211,321
2019	$25,421,877	$25,205,332	$64,114,341	$216,545
2018	$24,487,000	$26,567,570	$63,369,401	$-2,080,570