Spring Meadows Inc

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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

1980

Legal Domicile

Principal Officer

Jack Farmer

Phone

4797568570

Tax Period

2024-10-01 to 2025-09-30

Spring Meadows Inc, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $918K in total revenue in fiscal year 2024. Expenses of $819K left a modest 11% surplus.

Mission

To provide low income housing for the Elderly through the use of HUDs Section 202 Program.

Program Service Accomplishments

Program 1

Expenses: $739,982 Revenue: $917,553

To provide low income housing for the elderly through the use of HUDs Section 202 Program

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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 $534,590

Program Service Revenue $369,310

Investment Income $13,303

Other Revenue $350

TOTAL REVENUE $917,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,485

Fundraising Expenses $0

Program Expenses $739,982

Other Expenses $517,206

TOTAL EXPENSES $818,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$917,553	$882,099	+0.0%
Expenses	$818,691	$797,409	+0.0%
Net Income	$98,862	$84,690	+0.2%

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

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
Rodney Weeks	President	1.00	Officer Director	$0	$0	$0
Jeff Desnhardt	Vice President	1.00	Officer Director	$0	$0	$0
Sharon Horwart	Secretary/Treasurer	1.00	Director	$0	$0	$0
Vera Thompson	Director	1.00	Director	$0	$0	$0
Sharon Wright	Director	1.00	Director	$0	$0	$0
Don Ogden	Director	1.00	Director	$0	$0	$0
Jeff Watson	Director	1.00	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	$917,553	$818,691	$1,005,066	$98,862
2024	$882,099	$797,409	$983,077	$84,690
2023	$880,994	$849,924	$958,671	$31,070
2022	$843,852	$833,281	$955,101	$10,571
2021	$833,853	$838,699	$1,013,070	$-4,846
2020	$820,477	$844,835	$1,076,405	$-24,358
2019	$800,108	$803,944	$1,150,007	$-3,836