LAUREL HOUSING INC DBA LAUREL HEIG… - Form 990 Financial Data

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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

KATHEY YOUNG

Phone

6068644155

Tax Period

2025-01-01 to 2025-12-31

LAUREL HOUSING INC DBA LAUREL HEIGHTS HOME FOR THE ELDERLY, founded in 1962, is a mid-sized nonprofit in the Human Services sector that reported $30.3M in total revenue in fiscal year 2025. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $26.0M left a modest 14% surplus.

Mission

LAUREL HOUSING, INC. WAS DEVELOPED FOR THE PURPOSE OF PROVIDING HOUSING AND HEALTHCARE SERVICES FOR SENIORS IN OUR COMMUNITY AND SURROUNDING COUNTIES.

Program Service Accomplishments

Program 1

Expenses: $20,379,171 Revenue: $24,366,658

PROVIDED NURSING CARE SERVICES FOR 57,448 PATIENT DAYS.

Program 2

Expenses: $3,154,850 Revenue: $2,366,460

PROVIDED HOUSING AND DAILY LIVING NEEDS FOR 68 ASSSITED LIVING RESIDENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,641,772

Program Service Revenue $26,733,118

Investment Income $749,180

Other Revenue $185,191

TOTAL REVENUE $30,309,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,865,159

Fundraising Expenses $0

Program Expenses $23,534,021

Other Expenses $9,158,562

TOTAL EXPENSES $26,023,721

Year-over-Year Comparison

	2025	2024	Change
Revenue	$30,309,261	$23,413,056	+0.3%
Expenses	$26,023,721	$21,942,287	+0.2%
Net Income	$4,285,540	$1,470,769	+1.9%

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

361

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

$204,034

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE ROBERT KING	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROY BOWLING	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
LAWRENCE KUHL	DIRECTOR	2.00	Director	$0	$0	$0
CARRIE ANN MCCOWAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WESTERFIELD	DIRECTOR	2.00	Director	$0	$0	$0
TOM HOUCHENS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SHARON GARLAND	DIRECTOR	2.00	Director	$0	$0	$0
JEANNIE HENSLEY	DIRECTOR	2.00	Director	$0	$0	$0
VICKIE BLAIR	DIRECTOR	2.00	Director	$0	$0	$0
BRIDGET DUNAWAY	DIRECTOR	2.00	Director	$0	$0	$0
DR SAMUEL KREIS	DIRECTOR	2.00	Director	$0	$0	$0
ELMER CUNNAGIN	DIRECTOR	2.00	Director	$0	$0	$0
KATHEY YOUNG	CEO	40.00	Officer	$195,034	$9,000	$204,034
KIMBERLY CROLEY	PHARMACIST	40.00	Highest	$151,613	$9,368	$160,981
KYLE HARRIS	PHARMACIST	40.00	Highest	$145,029	$8,973	$154,002
JONATHAN MILLER	ASSISTANT ADMINISTRATOR	40.00	Highest	$151,137	$8,586	$159,723
LEANDRA DAVIS	RN	40.00	Highest	$143,938	$8,919	$152,857
AMY DURHAM	RN DON	40.00	Highest	$152,281	$14,631	$166,912

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	$30,309,261	$26,023,721	$13,996,709	$4,285,540
2024	$23,413,056	$21,942,287	$10,788,557	$1,470,769
2023	$20,546,365	$20,480,753	$10,169,340	$65,612
2022	$18,495,610	$19,337,418	$10,802,301	$-841,808
2021	$18,787,244	$16,853,332	$12,389,193	$1,933,912
2020	$17,555,613	$16,804,594	$13,130,053	$751,019
2019	$16,812,973	$16,331,967	$11,344,898	$481,006
2018	$16,524,669	$15,884,224	$11,714,105	$640,445

LAUREL HOUSING INC DBA LAUREL HEIGHTS HOME FOR THE ELDERLY