TANNER TERRACE INC (EIN 860344610) - 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

1977

Legal Domicile

Principal Officer

LC DEMON CAREY

Phone

6022431036

Tax Period

2023-10-01 to 2024-09-30

TANNER TERRACE INC, founded in 1977, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

TANNER TERRACE PROVIDES AFFORDABLE HOUSING FOR LOW INCOME ELDERLY 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 $0

Program Service Revenue $1,693,036

Investment Income $285

Other Revenue $7,933

TOTAL REVENUE $1,701,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,027

Fundraising Expenses $0

Program Expenses $1,404,488

Other Expenses $1,505,435

TOTAL EXPENSES $1,677,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,701,254	$2,524,176	-0.3%
Expenses	$1,677,462	$2,413,644	-0.3%
Net Income	$23,792	$110,532	-0.8%

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
VIRGIL JACKIE BERRY	TREASURER	1.00	Officer Director	$0	$0	$0
KERWIN BROWN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LC DEMON CAREY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL DEAN	DIRECTOR	1.00	Director	$0	$0	$0
ADORA GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
THERESA HALE	SECRETARY	1.00	Officer Director	$0	$0	$0
LEAH LANDRUM-TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
DR LOTTIE LECIAN	DIRECTOR	1.00	Director	$0	$0	$0
PHYLLIS RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELYN TOLIVER	DIRECTOR	1.00	Director	$0	$0	$0
TERESA TONEY	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	$1,701,254	$1,677,462	$1,499,739	$23,792
2023	$2,524,176	$2,413,644	$1,463,961	$110,532
2022	$1,615,824	$1,888,853	$1,610,430	$-273,029
2021	$1,449,938	$1,357,055	$1,980,575	$92,883
2020	$1,436,565	$1,414,566	$1,530,443	$21,999
2019	$1,406,160	$1,391,504	$1,576,013	$14,656

TANNER TERRACE INC