ANCHOR HOMES INC

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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

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

ANCHOR HOMES OPERATES A FAITH-BASED RECOVERY PROGRAM AND BELIEVES IN HELPING PEOPLE OF ALL RACES, NATIONALITY, SOCIAL CLASS, RELIGION, GENDER, AND LANGUAGE WITH RECOVERY PROGRAMMING AND HOUSING. WE BELIEVE THAT THE ANSWER TO ADDICTION IS JESUS CHRIST. WHETHER PEOPLE ACCEPT JESUS CHRIST AS THEIR SAVIOR, DOES NOT AFFECT THEIR NEEDS, AND WILL NOT AFFECT OUR ACTIONS. IT IS THE ACTION OF LOVING ONE ANOTHER AS JESUS LOVES US, THAT WILL OPEN THE DOOR TO THEIR HEARTS FOR JESUS TO WALK INTO.

Program Service Accomplishments

Program 1

Expenses: $795,728 Revenue: $272,589

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%)

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

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
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