Navigator Homes of Marthas Vineyard (EIN 845182763) - 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

2020

Legal Domicile

Principal Officer

Mary R Brown

Phone

8572595200

Tax Period

2024-01-01 to 2024-12-31

Navigator Homes of Marthas Vineyard, founded in 2020, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $8.1M left a modest 5% surplus.

Mission

Navigator Homes of Martha's Vineyard, Inc. is organized as a non-profit corporation for the charitable purpose of constructing, owning and operating a plannned 70 bed skilled nursing and rehabilitation facility to serve the elder residents of Martha's Vineyard, Massachusetts.

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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 $4,488,240

Program Service Revenue $4,022,079

Investment Income $8,413

Other Revenue $0

TOTAL REVENUE $8,518,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,461,869

Fundraising Expenses $0

Program Expenses $6,332,535

Other Expenses $2,598,637

TOTAL EXPENSES $8,060,506

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,518,732	$9,104,601	-0.1%
Expenses	$8,060,506	$7,403,540	+0.1%
Net Income	$458,226	$1,701,061	-0.7%

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

$1,411,314

Total Directors

$1,411,314

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David McDonough	President	2.00	Officer Director	$805,681	$0	$805,681
Mary R Brown	Treasurer	2.00	Officer Director	$173,973	$0	$173,973
David Roush	Chair	2.00	Officer Director	$0	$0	$0
Melinda F Loberg	Clerk	2.00	Officer Director	$431,660	$0	$431,660
H Glenn Alberich Esq	Vice Chairman	2.00	Officer Director	$0	$0	$0
Patricia W Moore	Director	2.00	Director	$0	$0	$0
Cynthia Hubbard	Director	2.00	Director	$0	$0	$0
Maureen Corrigan	Director	2.00	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	$8,518,732	$8,060,506	$66,721,259	$458,226
2023	$9,104,601	$7,403,540	$5,518,004	$1,701,061
2022	$2,900,478	$2,037,337	$3,570,768	$863,141

Navigator Homes of Marthas Vineyard