LOCUST GROVE ELDERLY HOUSING

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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

1987

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

LOCUST GROVE ELDERLY HOUSING, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $180K in total revenue in fiscal year 2023.

Mission

SUBSIDIZED HOUSING

Program Service Accomplishments

Program 1

Expenses: $158,834 Revenue: $63,712

PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES. OPERATE AN APARTMENT COMPLEX UNDER SECTION 202 OF THE HOUSING ACT OF 1959. PROJECTS ARE REGULATED BY HUD AS TO RENT...

PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES. OPERATE AN APARTMENT COMPLEX UNDER SECTION 202 OF THE HOUSING ACT OF 1959. PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS

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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 (2023)

Revenue Breakdown

Contributions & Grants $114,246

Program Service Revenue $63,712

Investment Income $0

Other Revenue $1,648

TOTAL REVENUE $179,606

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,264

Fundraising Expenses $0

Program Expenses $158,834

Other Expenses $162,218

TOTAL EXPENSES $176,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,606	$167,013	+0.1%
Expenses	$176,482	$153,414	+0.2%
Net Income	$3,124	$13,599	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE CATRON	SECRETARY	0.00	Director	$0	$0	$0
STAN HUMMINGBIRD	PRESIDENT	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
2024	No data	No data	No data	No data
2023	$179,606	$176,482	$343,607	$3,124
2022	$167,013	$153,414	$324,781	$13,599
2021	$162,484	$137,389	$325,566	$25,095
2020	$147,410	$142,298	$325,367	$5,112
2019	$157,656	$139,616	$338,150	$18,040
2018	$158,190	$131,839	$341,612	$26,351