MORNINGSIDE MINISTRIES (EIN 741388420) - 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

1959

Legal Domicile

Principal Officer

PATRICK L CRUMP

Phone

2107341000

Tax Period

2023-01-01 to 2023-12-31

MORNINGSIDE MINISTRIES, founded in 1959, is a mid-sized nonprofit in the Human Services sector that reported $46.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $42.0M left a modest 9% surplus.

Mission

MORNINGSIDE PROVIDES ELDERLY PERSONS IN SAN ANTONIO AND SURROUNDING COMMUNITIES WITH PERSONAL CARE IN A RESIDENTIAL SETTING, AS WELL AS LIMITED RECREATIONAL SERVICES TO NON RESIDENTS. MAJOR PROGRAM SERVICES INCLUDE RETIREMENT HOUSING, ASSISTED LIVING SERVICES, MEMORY CARE, SKILLED NURSING CARE, AND REHABILITATION SERVICES.

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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 $9,804,581

Program Service Revenue $34,279,320

Investment Income $1,308,687

Other Revenue $670,385

TOTAL REVENUE $46,062,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,362,445

Fundraising Expenses $97,662

Program Expenses $28,897,522

Other Expenses $22,608,600

TOTAL EXPENSES $42,040,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,062,973	$37,351,785	+0.2%
Expenses	$42,040,045	$40,164,450	+0.0%
Net Income	$4,022,928	$-2,812,665	-2.4%

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

717

Volunteers

350

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

$662,266

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS SUMMERS	CHAIR	2.00	Officer Director	$0	$0	$0
GEORGE SCOFIELD	VICE-CHAIR, SECRETARY	2.00	Officer Director	$0	$0	$0
DINA MCILHENNY	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD GARZA	BOARD MEMBER	1.00	Director	$0	$0	$0
DR SCOTT KERCHEVILLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DORA MENDOZA	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD TYE	BOARD MEMBER	1.00	Director	$0	$0	$0
BISHOP DAVID READ	BOARD MEMBER	1.00	Director	$0	$0	$0
REV BOB FULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
REV GREG HACKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DANA FORGIONE	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY YOUNGQUIST	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA DROUGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA MOBLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK L CRUMP	CEO/PRESIDENT	40.00	Officer	$306,849	$29,649	$336,498
MYRANDA PRATER	CFO	40.00	Officer	$150,471	$8,265	$158,736
CHELSEA E MORENO	COO	40.00	Officer	$151,646	$15,386	$167,032
RANDOLPH M STEVENS	MARKETING DIRECTOR	40.00	Highest	$110,771	$12,832	$123,603
BROOKE CRAIG	MARKETING DIRECTOR	40.00	Highest	$134,358	$8,861	$143,219
SUSAN PETERS	EXECUTIVE DIRECTOR	40.00	Highest	$133,737	$3,562	$137,299
BROOKS POWELL	EXECUTIVE DIRECTOR	40.00	Highest	$124,016	$12,116	$136,132
SANDRA DELA CRUZ	RN	40.00	Highest	$111,875	$11,607	$123,482

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	$46,062,973	$42,040,045	$150,438,036	$4,022,928
2022	$37,351,785	$40,164,450	$133,121,874	$-2,812,665
2021	$38,051,355	$39,112,480	$133,717,947	$-1,061,125
2020	$41,542,047	$39,173,304	$136,838,243	$2,368,743
2019	$41,922,952	$43,307,743	$129,579,818	$-1,384,791
2018	$44,028,788	$46,724,794	$140,790,600	$-2,696,006

MORNINGSIDE MINISTRIES