Clarewood House Inc (EIN 741468123) - 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

1962

Legal Domicile

Principal Officer

Patrick Pheifer

Phone

7137745821

Tax Period

2024-01-01 to 2024-12-31

Clarewood House Inc, founded in 1962, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.7M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $11.7M left a modest 8% surplus.

Mission

Clarewood House, Inc. provides a residential retirement community for the elderly.

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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 $830,278

Program Service Revenue $9,935,475

Investment Income $1,951,009

Other Revenue $0

TOTAL REVENUE $12,716,762

Expense Breakdown

Grants Paid $817,755

Salaries & Benefits $6,627,424

Fundraising Expenses $0

Program Expenses $10,429,764

Other Expenses $4,207,151

TOTAL EXPENSES $11,652,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,716,762	$10,800,592	+0.2%
Expenses	$11,652,330	$11,223,987	+0.0%
Net Income	$1,064,432	$-423,395	-3.5%

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

211

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

$520,467

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patricia Maddox	President	1.00	Officer Director	$0	$0	$0
Jim Harrison	Vice President	1.00	Officer Director	$0	$0	$0
Molly Abshire	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Ellen Edwards	Director	1.00	Director	$0	$0	$0
Caroline Freeman	Director	1.00	Director	$0	$0	$0
Greg Krause	Director	1.00	Director	$0	$0	$0
Gary Maddox	Director	1.00	Director	$0	$0	$0
Richard Spaw	Director	1.00	Director	$0	$0	$0
Patrick Pheifer	Executive Director	40.00	Officer	$346,895	$27,268	$374,163
Richard Gravette	Chief Financial Officer	40.00	Officer	$137,386	$8,918	$146,304
Nisha Patel	Director of Nursing	40.00	Highest	$152,916	$19,745	$172,661
Robert Rogers	Director of Maintenance	40.00	Highest	$127,927	$17,764	$145,691
Cristy Luspo	Director of Human Resources	40.00	Highest	$117,058	$7,500	$124,558
Mavis Brewster	Director of Assisted Living	40.00	Highest	$111,677	$7,949	$119,626

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	$12,716,762	$11,652,330	$39,898,979	$1,064,432
2023	$10,800,592	$11,223,987	$37,949,942	$-423,395
2022	$11,620,344	$10,956,210	$35,760,755	$664,134
2021	$13,058,539	$9,808,676	$39,870,048	$3,249,863
2020	$10,763,045	$9,857,491	$37,136,994	$905,554
2019	$11,928,387	$10,047,576	$33,277,037	$1,880,811
2018	$12,425,198	$10,355,216	$29,784,844	$2,069,982

Clarewood House Inc