HARTWOOD PLACE INC (EIN 621376289) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

SEAN MCGINNIS

Phone

7032730939

Tax Period

2024-01-01 to 2024-12-31

HARTWOOD PLACE INC, founded in 1988, is a micro nonprofit that reported $91K in total revenue in fiscal year 2018. Expenses of $114K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE HOUSING FOR INDIVIDUALS WITH DISABILITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $75,435

Program Service Revenue $51,168

Investment Income $231

Other Revenue $0

TOTAL REVENUE $126,834

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $110,674

Other Expenses $127,846

TOTAL EXPENSES $127,846

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,834	$126,110	+0.0%
Expenses	$127,846	$113,428	+0.1%
Net Income	$-1,012	$12,682	-1.1%

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

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

$177,259

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIAN BROWN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN MCCARTHY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN BURGESS	TREASURER (ENDED 06/24)	1.00	Officer Director	$0	$0	$0
KATHY LOMBARD	SECRETARY	1.00	Officer Director	$0	$0	$0
JOCELYN FOLSOM	DIRECTOR	1.00	Director	$0	$0	$0
ELLIOTT DUBIN	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MCGINNIS	EXECUTIVE DIRECTOR	7.00	Officer	$0	$6,662	$177,259
JIANMING XU	DIRECTOR OF ACCOUNTING AND	7.00	Highest	$0	$773	$160,641
ERIC FREEMAN	DIR. OF RESIDENTIAL SERVIC	5.00	Highest	$0	$448	$100,945
NATASHA LANTZ	DIRECTOR OF COMPLIANCE & C	9.00	Highest	$0	$7,568	$129,201

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	$126,834	$127,846	$496,605	$-1,012
2023	$126,110	$113,428	$487,719	$12,682
2022	$124,293	$120,227	$499,732	$4,066
2021	$109,866	$109,045	$503,553	$821
2020	$92,324	$108,247	$519,474	$-15,923
2019	$94,082	$112,277	$548,103	$-18,195
2018	$91,295	$114,353	$579,778	$-23,058

HARTWOOD PLACE INC