PORTALES RETIREMENT HOUSING CORPORATION (EIN 850249296) - 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

1984

Legal Domicile

Principal Officer

SANDY CHANCEY

Phone

5052604800

Tax Period

2023-01-01 to 2023-12-31

PORTALES RETIREMENT HOUSING CORPORATION, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $812K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $701K left a modest 14% surplus.

Mission

TO PROVIDE ASSISTANCE TO LOW INCOME 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 (2023)

Revenue Breakdown

Contributions & Grants $262,412

Program Service Revenue $587,954

Investment Income $398

Other Revenue $-38,785

TOTAL REVENUE $811,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,357

Fundraising Expenses $0

Program Expenses $620,056

Other Expenses $608,669

TOTAL EXPENSES $701,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$811,979	$671,518	+0.2%
Expenses	$701,026	$623,110	+0.1%
Net Income	$110,953	$48,408	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CATHEY	MEMBER	N/A	Director	$0	$0	$0
SANDY CHANCEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
J SCOT FISHBURN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BOBBY GRIFFITH	SECRETARY	N/A	Officer Director	$0	$0	$0
CHRIS MERRICK	MEMBER	N/A	Director	$0	$0	$0
TONY SALGUERO	MEMBER	N/A	Director	$0	$0	$0
KEITH THOMAS	MEMBER	N/A	Director	$0	$0	$0
PAT WATSON	MEMBER	N/A	Director	$0	$0	$0
ELVA WHELER	MEMBER	N/A	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	No data	No data	No data	No data
2023	$811,979	$701,026	$453,360	$110,953
2022	$671,518	$623,110	$373,588	$48,408
2021	$670,684	$638,506	$353,327	$32,178
2020	$683,211	$635,841	$349,712	$47,370
2019	$655,531	$595,006	$349,451	$60,525
2018	$671,767	$604,891	$349,466	$66,876

PORTALES RETIREMENT HOUSING CORPORATION