GALLATIN SENIOR HOUSING INC (EIN 621556960) - 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

1997

Legal Domicile

Principal Officer

JOSHUA HAMMOND

Phone

6788606833

Tax Period

2023-10-01 to 2024-09-30

GALLATIN SENIOR HOUSING INC, founded in 1997, is a small nonprofit in the Health Care sector that reported $631K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $740K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE GUIDANCE FOR A MORE SUCCESSFUL JOURNEY OF AGING BY OFFERING QUALITY, AFFORDABLE HOUSING COUPLED WITH SPECIALTY PROGRANS FOR SUPPORT, STABILITY, AND SOCIALABILITY USING LOW INCOME HOUSING FOR THE ELDERLY UNDER SECTION 202 OF NATIONAL HOUSING ACT.

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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 $0

Program Service Revenue $605,019

Investment Income $933

Other Revenue $25,312

TOTAL REVENUE $631,264

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,826

Fundraising Expenses $0

Program Expenses $700,292

Other Expenses $647,841

TOTAL EXPENSES $739,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$631,264	$396,447	+0.6%
Expenses	$739,667	$637,290	+0.2%
Net Income	$-108,403	$-240,843	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA HAMMOND	PRESIDENT (JOINED 12/15/23)	1.00	Officer Director	$0	$0	$0
ED MAYBERRY	PRESIDENT (TERM EXP 12/15/23)	1.00	Officer Director	$0	$0	$0
ROBERT F COOK	SECRETARY/TREASURER (JOINED 12/15/23)	1.00	Officer Director	$0	$0	$0
JANICE HAYNES	VICE PRESIDENT (TERM EXP 12/13/23)	1.00	Officer Director	$0	$0	$0
DAMON HOBBS	SECRETARY (TERM EXP 12/15/23)	1.00	Officer Director	$0	$0	$0
TIMOTHY BALLARD	BOARD MEMBER (JOINED 12/15/23)	1.00	Director	$0	$0	$0
MARK SEGEL	BOARD MEMBER (JOINED 12/15/23)	1.00	Director	$0	$0	$0
LAWSON STRINGER	BOARD MEMBER (JOINED 12/15/23)	1.00	Director	$0	$0	$0
PATRICK SHEA	BOARD MEMBER (JOINED 12/15/23)	1.00	Director	$0	$0	$0
ELEANOR WHITE	BOARD MEMBER (JOINED 12/15/23)	1.00	Director	$0	$0	$0
MIKE CLINARD	BOARD MEMBER (TERM EXP 12/15/23)	1.00	Director	$0	$0	$0
DAVID DEERE	BOARD MEMBER (TERM EXP 12/13/23)	1.00	Director	$0	$0	$0
VK RUTLEDGE	BOARD MEMBER (TERM EXP 12/13/23)	1.00	Director	$0	$0	$0
KATLYN CLIFTON	EXECUTIVE DIRECTOR (TERM EXP 12/15/23)	40.00	Officer	$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
2024	$631,264	$739,667	$2,290,290	$-108,403
2023	$396,447	$637,290	$2,183,220	$-240,843
2022	$457,494	$485,315	$2,368,646	$-27,821
2021	$431,580	$572,600	$2,364,759	$-141,020
2020	$438,398	$478,114	$2,484,895	$-39,716
2019	$434,331	$451,510	$2,540,005	$-17,179
2018	$436,575	$420,726	$2,574,749	$15,849

GALLATIN SENIOR HOUSING INC