ARK INDUSTRIES REHABILITATION CENTER MEMORIAL FOUNDATION (EIN 742323412) - 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

Phone

3077426641

Tax Period

2023-07-01 to 2024-06-30

ARK INDUSTRIES REHABILITATION CENTER MEMORIAL FOUNDATION is a small nonprofit that reported $266K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 337% operating deficit.

Mission

To provide financial support to ARK Regional Services to ensure continued facilitation of the ARK's mission.

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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 $156,008

Program Service Revenue $0

Investment Income $109,356

Other Revenue $811

TOTAL REVENUE $266,175

Expense Breakdown

Grants Paid $998,217

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $998,217

Other Expenses $165,401

TOTAL EXPENSES $1,163,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$266,175	$607,371	-0.6%
Expenses	$1,163,618	$1,103,312	+0.1%
Net Income	$-897,443	$-495,941	+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	Role	Reportable Comp	Other Comp	Total
Emily Clark	Treasurer	Officer	$0	$0	$0
Rita Basom	Secretary	Officer	$0	$0	$0
Dave Heath	President	Officer	$0	$0	$0
Normon Bock	Vice President	Officer	$0	$0	$0
Bob Sell	Executive Dir.	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	$266,175	$1,163,618	$5,941,422	$-897,443
2023	$607,371	$1,103,312	$6,780,984	$-495,941
2022	$580,506	$587,047	$8,191,222	$-6,541
2021	$792,934	$558,377	$8,195,868	$234,557
2020	$1,199,427	$629,920	$7,961,451	$569,507
2019	$723,342	$808,529	$7,434,885	$-85,187
2018	$641,192	$1,272,162	$7,321,768	$-630,970

ARK INDUSTRIES REHABILITATION CENTER MEMORIAL FOUNDATION