Golden Age Home (EIN 741369594) - Form 990 Financial Analysis & Trantor Score

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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

1957

Legal Domicile

Phone

5123982421

Tax Period

2024-01-01 to 2024-12-31

Golden Age Home, founded in 1957, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 18% operating deficit.

Mission

The mission of the Golden Age Home, Lockhart, TX, is providing exceptional, compassionate Christian care for senior adults.

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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 $39,624

Program Service Revenue $1,009,116

Investment Income $62,484

Other Revenue $-12,789

TOTAL REVENUE $1,098,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $791,628

Fundraising Expenses $0

Program Expenses $1,145,572

Other Expenses $502,094

TOTAL EXPENSES $1,293,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,098,435	$1,833,995	-0.4%
Expenses	$1,293,722	$1,198,946	+0.1%
Net Income	$-195,287	$635,049	-1.3%

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

$74,825

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wes Boullioun	President	5	Officer Director	$0	$0	$0
Ray Pfefferkorn	1st Vice-President	1	Officer Director	$0	$0	$0
Mary Ellen Becklin	Member	1	Director	$0	$0	$0
Lucy Knight	Member	1	Director	$0	$0	$0
Laura C Cline	Member	1	Director	$0	$0	$0
Mae E Fletcher	Member	1	Director	$0	$0	$0
Jane Brown	Member	1	Director	$0	$0	$0
Marcia Proctor	Member	1	Director	$0	$0	$0
Barton Romanek	Member	1	Director	$0	$0	$0
Jesse Franklin	Member	1	Director	$0	$0	$0
Nicole Burnett	Executive Director	40	Officer	$67,784	$7,041	$74,825

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	$1,098,435	$1,293,722	$1,714,846	$-195,287
2023	$1,833,995	$1,198,946	$1,844,377	$635,049
2022	$1,141,374	$1,135,714	$1,228,323	$5,660
2021	$1,213,916	$901,669	$1,105,432	$312,247
2020	$837,208	$837,926	$1,090,634	$-718

Golden Age Home