ELDERSERVE INC (EIN 616024140) - 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

1962

Legal Domicile

Principal Officer

TIMOTHY FINDLEY JR

Phone

5027787418

Tax Period

2024-07-01 to 2025-06-30

ELDERSERVE INC, founded in 1962, is a small nonprofit in the Human Services sector that reported $912K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Net assets of $2.0M represent 26 months of operating reserves.

Mission

ELDERSERVE, INC. PROVIDES SERVICES TO EMPOWER OLDER ADULTS TO LIVE INDEPENDENTLY WITH DIGNITY IN LOUISVILLE/JEFFERSON COUNTY.

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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 $910,721

Program Service Revenue $0

Investment Income $786

Other Revenue $0

TOTAL REVENUE $911,507

Expense Breakdown

Grants Paid $0

Salaries & Benefits $441,101

Fundraising Expenses $7,374

Program Expenses $183,448

Other Expenses $491,014

TOTAL EXPENSES $932,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$911,507	$1,660,163	-0.5%
Expenses	$932,115	$1,020,067	-0.1%
Net Income	$-20,608	$640,096	-1.0%

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

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY FINDLEY JR	CHIEF EXEC.	37.50	Officer	$120,000	$0	$120,000
DARN'L BEELER	DIRECTOR	1.00	Director	$0	$0	$0
A FRAZIER CURRY	DIRECTOR	1.00	Director	$0	$0	$0
TRACY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
BARBRA GORDON	DIRECTOR	N/A	Director	$0	$0	$0
LA'KEISHA JAMES	DIRECTOR	1.00	Director	$0	$0	$0
KIRSSTIE MATZEK	DIRECTOR	1.00	Director	$0	$0	$0
JULIA MEREDITH	DIRECTOR	1.00	Director	$0	$0	$0
MONICA MOMAN-SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
CORENZA TOWNSEND	DIRECTOR	1.00	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	$911,507	$932,115	$2,941,814	$-20,608
2024	No data	No data	No data	No data
2023	$967,673	$511,899	$2,847,761	$455,774
2022	$941,391	$1,126,317	$1,376,544	$-184,926
2021	$1,853,235	$2,031,343	$2,141,382	$-178,108
2020	$2,327,967	$2,586,409	$9,053,579	$-258,442
2019	$3,493,613	$3,440,996	$10,693,470	$52,617
2018	$3,811,932	$3,483,101	$9,274,040	$328,831

ELDERSERVE INC