MORNINGSIDE SENIOR LIVING (EIN 843892230) - 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

2019

Legal Domicile

Principal Officer

PATRICK L CRUMP

Phone

2107341000

Tax Period

2024-01-01 to 2024-12-31

MORNINGSIDE SENIOR LIVING, founded in 2019, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $3.3M left a modest 6% surplus.

Mission

THE FAITH-BASED MISSION OF MORNINGSIDE MINISTRIES IS TO ENHANCE THE DIGNITY AND THE QUALITY OF LIFE OF OLDER ADULTS, THEIR FAMILIES AND CARE-GIVERS WITH COMPASSIONATE CARE IN A RESIDENTIAL SETTING, AS WELL AS LIMITED RECREATIONAL SERVICES TO NON RESIDENTS.

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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 $624,717

Program Service Revenue $2,452,844

Investment Income $243,709

Other Revenue $150,783

TOTAL REVENUE $3,472,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $611,908

Fundraising Expenses $0

Program Expenses $1,819,366

Other Expenses $2,656,923

TOTAL EXPENSES $3,268,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,472,053	$2,358,804	+0.5%
Expenses	$3,268,831	$2,901,007	+0.1%
Net Income	$203,222	$-542,203	-1.4%

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

$714,138

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV GREG HACKETT	CHAIR	1.00	Officer Director	$0	$0	$0
GEORGE SCOFIELD	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DORA MENDOZA	SECRETARY	1.00	Officer Director	$0	$0	$0
SCOTT BRYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA DROUGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
DRDANA FORGIONE	BOARD MEMBER, FIN COMMITTEE CHAIR	1.00	Director	$0	$0	$0
EDWARDD GARZA	BOARD MEMBER	1.00	Director	$0	$0	$0
DRSCOTT KERCHEVILLE	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB MCCULLOUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS MCRAE	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA MOBLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
REVJOE MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
REVROBERT ORTIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY PHIPPS	BOARD MEMBER	1.00	Director	$0	$0	$0
BISHOP DAVID READ	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD TYE	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY YOUNGQUIST	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK L CRUMP	CEO/PRESIDENT	1.00	Officer	$0	$24,647	$371,556
CHELSEA E MORENO	COO	1.00	Officer	$0	$24,183	$179,201
MYRANDA PRATER	CFO	1.00	Officer	$0	$3,855	$163,381

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	$3,472,053	$3,268,831	$26,962,366	$203,222
2023	$2,358,804	$2,901,007	$26,774,662	$-542,203
2022	$950,620	$2,112,239	$27,571,392	$-1,161,619
2021	$111,937	$434,266	$27,078,378	$-322,329
2020	$553,384	$408,952	$27,218,320	$144,432
2019	No data	$23,211	$12,268,718	No data

MORNINGSIDE SENIOR LIVING