SUCCESSFUL LIVING CENTER (EIN 721523528) - 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

2009

Legal Domicile

Principal Officer

Veronica McKenzie

Phone

3342641790

Tax Period

2024-01-01 to 2024-12-31

SUCCESSFUL LIVING CENTER, founded in 2009, is a micro nonprofit in the Human Services sector that reported $76K in total revenue in fiscal year 2020. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $85K exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide affordable quality day care services to elderly persons with Alzheimer's and children with emphasis on those with special needs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $30,291

Program Service Revenue $30,620

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,568

Fundraising Expenses $0

Program Expenses $22,946

Other Expenses $27,265

TOTAL EXPENSES $54,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,911	$88,148	-0.3%
Expenses	$54,833	$87,949	-0.4%
Net Income	$6,078	$199	+29.5%

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

$20,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Veronica McKenzie	Executive Director/CEO	70	Key Emp	$20,400	$0	$20,400
Dutchie Towns	Treasurer	8	Director	$0	$0	$0
Deidre Malone	Board President	10	Director	$0	$0	$0
Ingrid Blocker	Board Member	5	Officer	$0	$0	$0
Barbara Jackson	Secretary	10	Officer	$0	$0	$0
Dr Kwandra Brinson	Board Member	5	Officer	$0	$0	$0
Curtis Graves	Board Member	5	Officer	$0	$0	$0
Quentin Millner	Board Member	5	Officer	$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	$60,911	$54,833	$111,002	$6,078
2023	$88,148	$87,949	$104,971	$199
2022	$67,986	$95,238	$108,604	$-27,252
2021	$51,417	$33,162	$146,233	$18,255
2020	$75,883	$84,960	$137,740	$-9,077

SUCCESSFUL LIVING CENTER