Matthews Retirement Center John and David (EIN 640693592) - 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

1986

Legal Domicile

Principal Officer

Lacy Harrell

Phone

6017148350

Tax Period

2024-01-01 to 2024-12-31

Matthews Retirement Center John and David, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $433K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $497K exceeded revenue, resulting in a 15% operating deficit.

Mission

To provide low-income housing to the elderly and/or handicapped under Section 202 of the 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $427,100

Investment Income $5,919

Other Revenue $0

TOTAL REVENUE $433,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,047

Fundraising Expenses $0

Program Expenses $430,158

Other Expenses $370,395

TOTAL EXPENSES $497,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$433,019	$399,143	+0.1%
Expenses	$497,442	$448,643	+0.1%
Net Income	$-64,423	$-49,500	+0.3%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lacy Harrell	President	2.00	Officer Director	$0	$0	$0
Vivian Johnson	Vice President	2.00	Officer 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
2024	$433,019	$497,442	$979,972	$-64,423
2023	$427,000	$394,018	$1,147,045	$32,982
2023	$399,143	$448,643	$1,083,223	$-49,500
2022	$417,451	$435,027	$1,181,015	$-17,576
2021	$418,228	$454,646	$1,207,793	$-36,418
2019	$416,515	$385,556	$1,284,481	$30,959

Matthews Retirement Center John and David