Harding Place Inc (EIN 710780709) - 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

1995

Legal Domicile

Principal Officer

Michael D Williams

Phone

5013053100

Tax Period

2022-07-01 to 2023-06-30

Harding Place Inc, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2020.

Mission

The mission of Harding Place Retirement is to provide exceptional, value-centered and cost-effective residential alternatives for older adults which meet identified needs of prospective residents.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,435,146

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,435,146

Expense Breakdown

Grants Paid $400,000

Salaries & Benefits $1,263,354

Fundraising Expenses $0

Program Expenses $2,971,574

Other Expenses $1,792,954

TOTAL EXPENSES $3,456,308

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,435,146	$3,225,373	+0.1%
Expenses	$3,456,308	$3,237,821	+0.1%
Net Income	$-21,162	$-12,448	+0.7%

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

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

$399,395

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Williams	President	001.00	Officer	$0	$26,631	$213,700
Tamara Hall	Secretary	001.00	Officer	$0	$41,407	$185,695
Bruce McLarty	President former	N/A		$0	$0	$109,132
David Waldron	Chairman	001.00	Director	$0	$0	$0
Michael Justus	Vice Chairman	001.00	Director	$0	$0	$0
Johh Reese	Board Member	001.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,435,146	$3,456,308	$4,838,695	$-21,162
2022	$3,225,373	$3,237,821	$4,760,531	$-12,448
2021	$3,122,661	$3,086,932	$4,600,462	$35,729

Harding Place Inc