Aldersgate Enrichment Center Inc

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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

Robert Porter

Phone

3256465608

Tax Period

2023-01-01 to 2023-12-31

Aldersgate Enrichment Center Inc, founded in 1987, is a community nonprofit in the Religion sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

Providing an innovative and family oriented, Christian community that provides opportunities in all aspects of life for adults with special needs.

Program Service Accomplishments

Program 1

Expenses: $1,253,645 Revenue: $1,293,638

Aldersgate employs seventy associates who provide quality services to regional businesses like Kohler Company, Texas Department of Transportation, Superior Essex, and 3M Corporation. These...

Aldersgate employs seventy associates who provide quality services to regional businesses like Kohler Company, Texas Department of Transportation, Superior Essex, and 3M Corporation. These partnerships offer semi-skilled work opportunities and training that maximize each Associate's abilities and interests. Services and production include: cardboard box assembly, parts packaging, carpentry, HVAC filter manufacture, document shredding, recycling, park maintenance and highway litter removal, and landscaping.

Program 2

Expenses: $356,953 Revenue: $246,715

The Residential Program provides a secure, supervised living environment for adults with special needs. The Center is licensed by the Texas Department of Human Services as a type "A" personal care...

The Residential Program provides a secure, supervised living environment for adults with special needs. The Center is licensed by the Texas Department of Human Services as a type "A" personal care home. The Group Homes provide living accommodations for thirty-three individuals. Goals are set in the areas of daily living skills and responsibilities, personal needs, and social interaction. The Associates have the benefit of planned recreational activities, shopping, sports, gardening, tending to animals and other opportunities. Aldersgate's primary focus is on each Associate, while living in the homes, and or working in the Vocational Programs. This focus helps them to become self sufficient, to know their self-worth and to develop the ability to reach their potential in all aspects of their lives.

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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 $148,096

Program Service Revenue $1,540,353

Investment Income $14,107

Other Revenue $21,296

TOTAL REVENUE $1,723,852

Expense Breakdown

Grants Paid $3,121

Salaries & Benefits $947,792

Fundraising Expenses $13,142

Program Expenses $1,610,598

Other Expenses $966,543

TOTAL EXPENSES $1,917,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,723,852	$2,219,902	-0.2%
Expenses	$1,917,456	$1,913,747	+0.0%
Net Income	$-193,604	$306,155	-1.6%

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

100

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle Thomas	Executive Director	40.00		$100,000	$0	$100,000
Laurie Bishop	Director	1.00	Director	$0	$0	$0
Mike Pinson	Director	1.00	Director	$0	$0	$0
Joseph Boatman	Director	1.00	Director	$0	$0	$0
Robert Porter	Treasurer	1.00	Officer Director	$0	$0	$0
Rob King	Vice President	1.00	Officer Director	$0	$0	$0
Mike Stumbaugh	Director	1.00	Director	$0	$0	$0
Deborah Hutchinson	Director	1.00	Director	$0	$0	$0
Jesse Lindsey	Director	1.00	Director	$0	$0	$0
Fred Vuksan	Director	1.00	Director	$0	$0	$0
Buddy Roberts	President	1.00	Officer Director	$0	$0	$0
Ed Cauley	Director	1.00	Director	$0	$0	$0
Bill Shelton	Secretary	1.00	Officer Director	$0	$0	$0
Jayme St Ama	Director	1.00	Director	$0	$0	$0
David Smith	Director	1.00	Director	$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	No data	No data	No data	No data
2023	$1,723,852	$1,917,456	$5,978,299	$-193,604
2022	$2,219,902	$1,913,747	$5,996,037	$306,155
2021	$2,090,508	$1,955,258	$4,857,224	$135,250
2020	$1,764,381	$1,844,250	$4,767,329	$-79,869