THE SUMMIT AT EATON SENIOR COMMUNITIES (EIN 742471331) - 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

1987

Legal Domicile

Principal Officer

DAVID SMART

Phone

3039373000

Tax Period

2018-10-01 to 2019-09-30

THE SUMMIT AT EATON SENIOR COMMUNITIES, founded in 1987, is a micro nonprofit that reported $334 in total revenue in fiscal year 2018. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $358K exceeded revenue, resulting in a 107046% operating deficit.

Mission

TO PROVIDE HOUSING SERVICES FOR LOW TO MODERATE INCOME SENIORS.EFFECTIVE MAY 10, 2019, THE SUMMIT AT EATON SENIOR COMMUNITIES MERGED INTO THE RESIDENCES AT EATON SENIOR COMMUNITIES (RESC) WITH RESC AS THE SURVIVING ENTITY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $334

Other Revenue $0

TOTAL REVENUE $334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $328,863

Other Expenses $357,868

TOTAL EXPENSES $357,868

Year-over-Year Comparison

	2018	2017	Change
Revenue	$334	$968,393	-1.0%
Expenses	$357,868	$1,751,691	-0.8%
Net Income	$-357,534	$-783,298	-0.5%

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

N/A

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

$170,110

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAND MORITZKY	CHAIRMAN	4.00	Officer Director	$0	$0	$0
SANDRA REYNOLDS	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
RICHARD WYSE	SEC/TREASURER	4.00	Officer Director	$0	$0	$0
SHERI FILAK-TAYLOR	DIRECTOR	4.00	Director	$0	$0	$0
BILL BRUMMETT	DIRECTOR	4.00	Director	$0	$0	$0
JENNIFER VAGHER	DIRECTOR	4.00	Director	$0	$0	$0
SANDY BOWLIN	DIRECTOR	4.00	Director	$0	$0	$0
DAN KULLAS	DIRECTOR	4.00	Director	$0	$0	$0
ERIN O'BRRIEN	DIRECTOR	4.00	Director	$0	$0	$0
SHAE CLARK	DIRECTOR	4.00	Director	$0	$0	$0
DAVID SMART	PRESIDENT/CEO	40.00	Officer	$0	$9,600	$170,110

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
2019	$334	$357,868	No data	$-357,534

THE SUMMIT AT EATON SENIOR COMMUNITIES