ANCHOR HOMES INC

EIN: 871127482 501(c)(3) Mental Health

SAINT ALBANS, WV

Total Revenue
$822,494
Total Expenses
$857,820
Total Assets
$1,504,415
Net Assets
$304,962
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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
WV
Principal Officer
WESLEY WOOD
Phone
6812058548
Tax Period
2024-01-01 to 2024-12-31

ANCHOR HOMES INC, founded in 2021, is a small nonprofit in the Mental Health sector that reported $822K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

OPERATE SOBER LIVING HOMES IN WEST VIRGINIA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $506,983
Program Service Revenue $272,589
Investment Income $0
Other Revenue $42,922
TOTAL REVENUE $822,494

Expense Breakdown

Grants Paid $0
Salaries & Benefits $432,947
Fundraising Expenses $0
Program Expenses $795,728
Other Expenses $424,873
TOTAL EXPENSES $857,820

Year-over-Year Comparison

2024 2023 Change
Revenue $822,494 $605,967 +0.4%
Expenses $857,820 $596,660 +0.4%
Net Income $-35,326 $9,307 -4.8%
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

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Governance

Voting Members
3
Independent Members
3
Employees
21
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA HALE BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES CHAPMAN BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY WOOD PRESIDENT/CEO 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 $822,494 $857,820 $1,504,415 $-35,326
2023 $605,967 $596,660 $1,446,664 $9,307
2022 $136,694 $137,261 $1,199,402 $-567
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