GOLDEN ACRES RETIREMENT CENTER INC (EIN 752581606) - 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

1994

Legal Domicile

Principal Officer

Brittany Brown

Phone

9726433210

Tax Period

2023-01-01 to 2023-12-31

GOLDEN ACRES RETIREMENT CENTER INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $318K in total revenue in fiscal year 2023. Net assets of $1.1M represent 43 months of operating reserves.

Mission

TO PROVIDE LOW COST HOUSING TO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $316,808

Investment Income $863

Other Revenue $0

TOTAL REVENUE $317,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,858

Fundraising Expenses $0

Program Expenses $344,985

Other Expenses $297,127

TOTAL EXPENSES $344,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$317,671	$304,683	+0.0%
Expenses	$344,985	$373,882	-0.1%
Net Income	$-27,314	$-69,199	-0.6%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eleanor Crawford	Director	1.00	Director	$0	$0	$0
Brittany Brown	President	1.00	Officer Director	$0	$0	$0
Kyle Jones	Secretary	1.00	Officer Director	$0	$0	$0
Kris Estep	Treasurer	1.00	Officer Director	$0	$0	$0
Denise Kornegay	Director	1.00	Director	$0	$0	$0
April Brumley	Vice President	1.00	Officer Director	$0	$0	$0
Henry Shaw	Director	1.00	Director	$0	$0	$0
Hunter Jones	Director	1.00	Director	$0	$0	$0
Casey Gain	Director	1.00	Director	$0	$0	$0
Tim Walsworth	Director	1.00	Director	$0	$0	$0
Cortney Lawson	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	$317,671	$344,985	$1,191,100	$-27,314
2022	$304,683	$373,882	$1,313,303	$-69,199
2021	$349,764	$485,238	$1,281,924	$-135,474
2020	$351,459	$347,593	$1,455,446	$3,866
2019	$326,872	$332,142	$1,413,454	$-5,270
2018	$324,358	$382,370	$1,439,668	$-58,012

GOLDEN ACRES RETIREMENT CENTER INC