FAIROAKS OF DENTON INCORPORATED (EIN 752738182) - 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

1997

Legal Domicile

Principal Officer

LEE ANN HUBANKS

Phone

9728911719

Tax Period

2023-10-01 to 2024-09-30

FAIROAKS OF DENTON INCORPORATED, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $556K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $1.7M represent 36 months of operating reserves.

Mission

TO PROVIDE HOUSING AND SERVICES TO LOWER INCOME ELDERLY AND DISABLED PERSONS.

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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 $23,408

Program Service Revenue $527,494

Investment Income $4,342

Other Revenue $773

TOTAL REVENUE $556,017

Expense Breakdown

Grants Paid $14,123

Salaries & Benefits $241,433

Fundraising Expenses $0

Program Expenses $382,845

Other Expenses $311,502

TOTAL EXPENSES $567,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$556,017	$502,517	+0.1%
Expenses	$567,058	$531,505	+0.1%
Net Income	$-11,041	$-28,988	-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

Volunteers

113

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

$164,569

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE E RIVERS	VICE CHAIR	0.10	Officer Director	$0	$0	$0
JANICE HILDENBRAND	TREASURER (TERM END 9/23)	0.10	Officer Director	$0	$0	$0
STACIE HERLIHY	CHAIR	0.10	Officer Director	$0	$0	$0
ADNAN ZAIDI	SECRETARY	0.10	Officer Director	$0	$0	$0
CHRIS WARREN	DIRECTOR	0.10	Director	$0	$0	$0
DAVID EVANS	DIRECTOR	0.10	Director	$0	$0	$0
MARY LYNN CARLSON	DIRECTOR	0.10	Director	$0	$0	$0
LEONA DRIVER	DIRECTOR	0.10	Director	$0	$0	$0
LEE ANN HUBANKS	PRESIDENT	5.00	Officer	$0	$6,039	$164,569
RHODA BYERS	EXECUTIVE VICE PRESIDENT	5.00	Highest	$0	$6,331	$171,448
ROQUE' CHRISTENSEN	EXECUTIVE VICE PRESIDENT	5.00	Highest	$0	$5,783	$151,689

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	$556,017	$567,058	$1,839,054	$-11,041
2023	$502,517	$531,505	$1,867,239	$-28,988
2022	$487,796	$591,220	$1,952,847	$-103,424
2021	$666,000	$668,171	$1,938,438	$-2,171
2020	$470,455	$545,727	$2,045,350	$-75,272
2019	$566,239	$512,075	$2,000,224	$54,164
2018	$505,684	$491,658	$1,968,185	$14,026

FAIROAKS OF DENTON INCORPORATED