MIRABELLA AT ASU INC (EIN 813784956) - 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

2016

Legal Domicile

Principal Officer

ERIC SHOLTY

Phone

8887246424

Tax Period

2023-10-01 to 2024-09-30

MIRABELLA AT ASU INC, founded in 2016, is a mid-sized nonprofit in the Housing & Shelter sector that reported $21.8M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $40.5M exceeded revenue, resulting in a 86% operating deficit.

Mission

DEVELOPMENT AND OPERATION OF A COMPREHENSIVE CONTINUING CARE RETIREMENT COMMUNITY FOR 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 $329,963

Program Service Revenue $20,805,629

Investment Income $236,778

Other Revenue $416,471

TOTAL REVENUE $21,788,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,752,078

Fundraising Expenses $0

Program Expenses $28,478,963

Other Expenses $27,742,555

TOTAL EXPENSES $40,494,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,788,841	$17,646,834	+0.2%
Expenses	$40,494,633	$41,203,063	0.0%
Net Income	$-18,705,792	$-23,556,229	-0.2%

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

381

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

$907,739

Total Directors

$1,501,930

Key Employees

$309,385

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC SHOLTY	CHAIR	1.00	Officer Director	$0	$65,621	$907,739
ANTHONY SABATINI	DIRECTOR	1.00	Director	$0	$71,600	$594,191
THOMAS DOROUGH	EXECUTIVE DIRECTOR	40.00	Key Emp	$265,585	$43,800	$309,385
TRINISE THOMPSON	HUMAN RESOURCES DIRECTOR	40.00	Highest	$124,755	$25,318	$150,073
GLENN STEPP	FACILITY SERVICES DIRECTOR	40.00	Highest	$108,645	$6,800	$115,445
DOUG WILSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
VIRGINIA DESANTO	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL DILLON	DIRECTOR (LEFT DURING FISCAL YEAR)	1.00	Director	$0	$0	$0
BOB MAYERS	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH RENTZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ROBERTS	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	$21,788,841	$40,494,633	$242,619,641	$-18,705,792
2023	$17,646,834	$41,203,063	$251,991,790	$-23,556,229
2022	$13,415,335	$38,422,208	$272,951,277	$-25,006,873
2021	$6,088,723	$24,241,276	$298,424,373	$-18,152,553
2020	$2,195,305	$2,477,653	$304,474,873	$-282,348
2019	$3,371,550	$1,122,276	$305,622,518	$2,249,274
2018	$18,263,307	$1,554,732	$291,994,962	$16,708,575

MIRABELLA AT ASU INC