SAYRE VILLAGE PHASE III 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

1985

Legal Domicile

Principal Officer

KAREN VENIS

Phone

8592719001

Tax Period

2024-10-01 to 2025-09-30

SAYRE VILLAGE PHASE III INC, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $6.2M in total revenue in fiscal year 2024. Expenses of $5.9M left a modest 5% surplus.

Mission

A NON-PROFIT SENIOR LIVING COMMUNITY DEDICATED TO PROVIDING QUALITY HOUSING, REHABILITATIVE SERVICES AND LONG-TERM NURSING CARE REFLECTING CHRISTIAN COMPASSION FOR EVERYONE.

Program Service Accomplishments

Program 1

Expenses: $4,578,264 Revenue: $6,095,124

OPERATION OF AN APARTMENT COMPLEX FOR ELDERLY AND HANDICAPPED INDIVIDUALS. THERE ARE 117 APARTMENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,931,026

Investment Income $96,427

Other Revenue $164,098

TOTAL REVENUE $6,191,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,195,792

Fundraising Expenses $0

Program Expenses $4,578,264

Other Expenses $3,684,331

TOTAL EXPENSES $5,880,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,191,551	$5,885,998	+0.1%
Expenses	$5,880,123	$5,363,553	+0.1%
Net Income	$311,428	$522,445	-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

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

$465,063

Total Directors

$286,787

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY COLEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUG FLYNN	BOARD MEMBER	2.00	Director	$0	$0	$0
JL LYNN	BOARD MEMBER	2.00	Director	$0	$0	$0
RON RING	TREASURER	2.00	Officer Director	$0	$0	$0
BENJAMIN BUCKLEY	PAST PRESIDENT	2.00	Director	$0	$0	$0
JERRY KELLY	BOARD MEMBER	2.00	Director	$0	$0	$0
BEN ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE LOGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM HURTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
KENNETHA KEINATH	BOARD MEMBER	2.00	Director	$0	$0	$0
NANCY SKIBA	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFF YEARY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DEE HERNDON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ELISE HINCHMAN	NON-VOTING BOARD MEMBER	2.00	Director	$0	$0	$168,508
DANIEL DANFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
VICKI PHILLIPS	NON-VOTING BOARD MEMBER	4.00	Director	$0	$8,957	$118,279
EVAN MOSSBARGER	BOARD MEMBER	2.00	Director	$0	$0	$0
JANET FEY	BOARD MEMBER	2.00	Director	$0	$0	$0
JANA THORE	BOARD MEMBER	2.00	Director	$0	$0	$0
NEIL BEDWELL	FORMER CHIEF FNANCIAL OFFICER	8.00	Officer	$0	$8,957	$161,003
KAREN VENIS	CHIEF EXECUTIVE OFFICER	8.00	Officer	$0	$0	$304,060

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	$6,191,551	$5,880,123	$16,037,806	$311,428
2024	$5,885,998	$5,363,553	$16,023,015	$522,445
2023	$5,297,694	$5,501,915	$15,765,542	$-204,221
2022	$5,456,912	$5,497,792	$16,455,988	$-40,880
2021	$4,040,581	$4,375,926	$16,578,451	$-335,345
2020	$3,741,019	$3,132,044	$15,787,738	$608,975