GORMAN TOWERS INC

EIN: 710508225 501(c)(3) Housing & Shelter

FORT SMITH, AR

Total Revenue
$2,249,292
Total Expenses
$1,829,544
Total Assets
$3,812,223
Net Assets
$387,147
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
AR
Principal Officer
BILL HUTCHINSON
Phone
4797827268
Tax Period
2024-09-01 to 2025-08-31

GORMAN TOWERS INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2018. Expenses of $1.7M left a modest 12% surplus.

Mission

NON-PROFIT HOUSING FOR THE ELDERLY AND THE HANDICAPPED.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,504,972
Program Service Revenue $743,611
Investment Income $709
Other Revenue $0
TOTAL REVENUE $2,249,292

Expense Breakdown

Grants Paid $0
Salaries & Benefits $467,574
Fundraising Expenses $0
Program Expenses $1,010,569
Other Expenses $1,361,970
TOTAL EXPENSES $1,829,544

Year-over-Year Comparison

2024 2023 Change
Revenue $2,249,292 $2,132,750 +0.1%
Expenses $1,829,544 $1,817,877 +0.0%
Net Income $419,748 $314,873 +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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Governance

Voting Members
3
Independent Members
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL HUTCHINSON BOARD PRESIDENT 0.00
Officer Director
$0 $0 $0
JEFF FENWICK BOD MEMBER 0.00
Director
$0 $0 $0
AUDRA BAILEY BOD MEMBER 0.00
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 $2,249,292 $1,829,544 $3,812,223 $419,748
2023 $2,077,309 $1,852,832 $3,597,272 $224,477
2022 $2,069,509 $1,729,277 $3,620,907 $340,232
2021 $2,108,818 $1,713,961 $3,551,810 $394,857
2020 $1,960,493 $1,660,084 $3,287,976 $300,409
2019 $1,988,735 $1,745,410 $2,955,998 $243,325
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