LOGAN HEALTH ASSISTED LIVING - SHELBY (EIN 862394240) - 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

2021

Legal Domicile

Principal Officer

VICKI NEWMILLER

Phone

4067515759

Tax Period

2022-04-01 to 2023-03-31

LOGAN HEALTH ASSISTED LIVING - SHELBY, founded in 2021, is a community nonprofit in the Diseases & Disorders sector that reported $1.4M in total revenue in fiscal year 2022. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 48% operating deficit.

Mission

OPERATING AN ASSISTED LIVING FACILITY

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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 $9,600

Program Service Revenue $1,384,545

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,394,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,170,368

Fundraising Expenses $0

Program Expenses $1,743,975

Other Expenses $891,911

TOTAL EXPENSES $2,062,279

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,394,145	$1,052,345	+0.3%
Expenses	$2,062,279	$1,395,090	+0.5%
Net Income	$-668,134	$-342,745	+0.9%

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

$2,731,558

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN HARWOOD	CHAIR	1.00	Officer Director	$0	$0	$0
JADE GOROSKI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BILLIETTE COOLIDGE	TREASURER	1.00	Officer Director	$0	$0	$0
JIM ASPER	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON MCALLISTER	TRUSTEE	1.00	Director	$0	$0	$0
PAUL STEINER	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG LAMBRECHT MD	SYSTEM CEO	0.25	Officer	$0	$37,864	$1,287,919
CRAIG BOYER	SYSTEM CFO PART YEAR	0.25	Officer	$0	$24,842	$697,064
COLE TURNER	SYSTEM CFO	0.25	Officer	$0	$5,739	$459,472
VICKI NEWMILLER	PRESIDENT	5.00	Officer	$0	$14,636	$152,156
LISA S LECK	ADMINISTRATOR	50.00	Officer	$112,046	$22,901	$134,947

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	$1,394,145	$2,062,279	$2,112,981	$-668,134
2023	$1,224,159	$1,693,119	$1,576,568	$-468,960
2022	$1,052,345	$1,395,090	$2,341,850	$-342,745

LOGAN HEALTH ASSISTED LIVING - SHELBY