FOUNDATION FOR SENIOR ADULT LIVING INC (EIN 860462784) - 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

1978

Legal Domicile

Principal Officer

TAMARA BOHANNON

Phone

6022851800

Tax Period

2022-07-01 to 2023-06-30

FOUNDATION FOR SENIOR ADULT LIVING INC, founded in 1978, is a small nonprofit that reported $369K in total revenue in fiscal year 2022.

Mission

TO PROVIDE HOME AND COMMUNITY-BASED SERVICES AND DEVELOP (CONTINUED ON SCHEDULE O) ENERGY-EFFICIENT, AFFORDABLE HOUSING TO PROMOTE HEALTH, INDEPENDENCE AND DIGNITY FOR ALL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $24,093

Program Service Revenue $341,778

Investment Income $1,866

Other Revenue $1,489

TOTAL REVENUE $369,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,257

Fundraising Expenses $0

Program Expenses $356,780

Other Expenses $309,043

TOTAL EXPENSES $380,300

Year-over-Year Comparison

	2022	2021	Change
Revenue	$369,226	$353,517	+0.0%
Expenses	$380,300	$329,128	+0.2%
Net Income	$-11,074	$24,389	-1.5%

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

N/A

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

$734,235

Total Directors

$734,235

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TAMARA BOHANNON	CEO & PRESIDENT	Officer Director	$0	$0	$195,723
CARRIE SMITH	COO & VICE PRESIDENT	Officer Director	$0	$13,954	$193,864
BLANCA RUIZ	TREASURER	Officer Director	$0	$12,119	$115,340
MEGAN WORD	SECRETARY	Officer Director	$0	$20,695	$135,257
DAVID PADDISON	CFO	Officer Director	$0	$0	$94,051

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	No data	No data	No data	No data
2023	$369,226	$380,300	$996,623	$-11,074
2022	$353,517	$329,128	$965,010	$24,389
2021	$360,212	$326,741	$926,041	$33,471
2020	$352,473	$326,716	$893,159	$25,757
2019	$344,270	$315,486	$898,402	$28,784
2018	$336,122	$313,510	$870,657	$22,612

FOUNDATION FOR SENIOR ADULT LIVING INC