PARKLAND AT SHAKER POINTE AT CARONDELET INC (EIN 800498484) - 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

2009

Legal Domicile

Principal Officer

KATHY WELDEN

Phone

5182504890

Tax Period

2024-07-01 to 2025-06-30

PARKLAND AT SHAKER POINTE AT CARONDELET INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 58% operating deficit.

Mission

PARKLAND EXPANDS THE MISSION OF SHAKER POINTE AT CARONDELET BY CREATING QUALITY HOUSING AND ACCESS TO SERVICES FOR A BROADER DEMOGRAPHIC OF SENIORS BY OFFERING A RENTAL OPTION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,077,387

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,077,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,000

Fundraising Expenses $0

Program Expenses $1,319,145

Other Expenses $1,701,068

TOTAL EXPENSES $1,704,068

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,077,387	$1,037,833	+0.0%
Expenses	$1,704,068	$1,679,832	+0.0%
Net Income	$-626,681	$-641,999	0.0%

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

$297,887

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY N BONNER	DIRECTOR	1.00	Director	$0	$0	$0
SISTER CHARLA COMMINS	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID DYBAS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS FAGAN	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH D HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
RICK OTIS	DIRECTOR	1.00	Director	$0	$0	$0
SISTER EILEEN MCCANN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SISTER CHRISTINE PARTISANO	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL D PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
SISTER JOAN MARY HARTIGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SISTER LAUREN VAN DERMARK	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN WELDEN	EXECUTIVE DIRECTOR	3.00	Officer	$0	$12,896	$167,352
JESSICA KEELER	DIRECTOR OF FINANCE	3.00	Officer	$0	$5,997	$130,535
LORRIE SHILLING	DIRECTOR OF SALES	3.00	Highest	$0	$10,539	$112,270

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
2025	$1,077,387	$1,704,068	$10,177,120	$-626,681
2024	$1,037,833	$1,679,832	$10,736,105	$-641,999
2023	$959,680	$1,655,489	$11,117,688	$-695,809
2022	$900,767	$1,578,634	$11,094,778	$-677,867
2021	$876,719	$1,596,027	$11,282,790	$-719,308
2020	$1,090,406	$1,279,326	$11,845,926	$-188,920

PARKLAND AT SHAKER POINTE AT CARONDELET INC