GENESIS HOUSE INC (EIN 710790585) - 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

1996

Legal Domicile

Principal Officer

STEVE WILMOTT

Phone

4795493438

Tax Period

2023-01-01 to 2023-12-31

GENESIS HOUSE INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $454K in total revenue in fiscal year 2018. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $157K, a strong 35% operating margin.

Mission

PROVIDE A SAFE PLACE OF SHELTER AND SUPPORT TO NEEDY INDIVIDUALS STRIVING TO OVERCOME OBSTACLES TO SELF-SUFFICIENCY. THIS INCLUDES A DAY SHELTER THAT PROVIDES ON SITE HOT MEALS, SHOWERS, LAUNDRY, MAIL DROP, PHONE, EMAIL, FAX SERVICE, AND CLIENT ADVOCACY AND REFERRALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $131,803

Program Service Revenue $0

Investment Income $679

Other Revenue $0

TOTAL REVENUE $132,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,815

Fundraising Expenses $4,262

Program Expenses $89,947

Other Expenses $89,980

TOTAL EXPENSES $120,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$132,482	$144,041	-0.1%
Expenses	$120,795	$151,817	-0.2%
Net Income	$11,687	$-7,776	-2.5%

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

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
JIMMY ALLEN	BOARD MEMBER	2.00	Director	$0	$0	$0
BOB COLEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY FRANCO	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN HATKEN	BOARD MEMBER	2.00	Director	$0	$0	$0
TAMERA HOLMES	SECRETARY	2.00	Officer Director	$0	$0	$0
ABBI NETZEL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JAMES WALLS	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE WILMOTT	TREASURER	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
2023	$132,482	$120,795	$223,717	$11,687
2022	$144,041	$151,817	$230,473	$-7,776
2021	$156,513	$192,811	$240,631	$-36,298
2019	$220,154	$262,058	$276,583	$-41,904
2018	$453,876	$296,691	$319,637	$157,185

GENESIS HOUSE INC