ASSURANCE HOME INC (EIN 850259624) - 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

1975

Legal Domicile

Principal Officer

RICHARD TAYLOR

Phone

5756241780

Tax Period

2023-07-01 to 2024-06-30

ASSURANCE HOME INC, founded in 1975, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 9% surplus.

Mission

GROUP HOME FOR ABUSED AND NEGLECTED CHILDREN

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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 $2,381,783

Program Service Revenue $0

Investment Income $22,768

Other Revenue $0

TOTAL REVENUE $2,404,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,476,494

Fundraising Expenses $60,008

Program Expenses $1,837,930

Other Expenses $722,455

TOTAL EXPENSES $2,198,949

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,404,551	$2,096,726	+0.1%
Expenses	$2,198,949	$1,901,950	+0.2%
Net Income	$205,602	$194,776	+0.1%

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

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
KELLY ALSUP	MEMBER	N/A	Director	$0	$0	$0
RILEY ARMSTRONG	MEMBER	N/A	Director	$0	$0	$0
CINDY BOSWELL	TREASURER	N/A	Officer Director	$0	$0	$0
DON BULLOCK	SECRETARY	N/A	Officer Director	$0	$0	$0
SHEILA CROSSLEY	MEMBER	N/A	Director	$0	$0	$0
SANDI DAVIS	VICE PRES.	N/A	Officer Director	$0	$0	$0
EILEEN GROOMS	MEMBER	N/A	Director	$0	$0	$0
CANDY MCCLELLAND	MEMBER	N/A	Director	$0	$0	$0
REV DR SUSAN PIGOTT	MEMBER	N/A	Director	$0	$0	$0
DESIREE RATTAN	MEMBER	N/A	Director	$0	$0	$0
DEE REDD	MEMBER	N/A	Director	$0	$0	$0
LANIE SMITH	MEMBER	N/A	Director	$0	$0	$0
RICHARD TAYLOR	PRESIDENT	N/A	Officer Director	$0	$0	$0
BRANDI WIGGINS	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
2025	No data	No data	No data	No data
2024	$2,404,551	$2,198,949	$2,158,310	$205,602
2023	$2,096,726	$1,901,950	$1,796,127	$194,776
2022	$1,859,407	$1,691,869	$1,474,639	$167,538
2021	$1,934,358	$1,561,959	$1,308,738	$372,399
2020	$1,806,510	$1,462,172	$930,144	$344,338
2019	$1,466,931	$1,530,403	$578,437	$-63,472
2018	$1,302,436	$1,412,690	$640,037	$-110,254

ASSURANCE HOME INC