GOSSETT RESIDENTIAL SERVICES 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

2014

Legal Domicile

Principal Officer

DWIGHT GOSSETT

Phone

3237514964

Tax Period

2018-01-01 to 2018-12-31

GOSSETT RESIDENTIAL SERVICES INC, founded in 2014, is a small nonprofit that reported $291K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $251K left a modest 14% surplus.

Mission

To provide long-term residential treatment for adults who exhibit emotional, behavioral and developmental problems, thereby, initiating individualized care based on each adult.

Program Service Accomplishments

Program 1

Expenses: $251,273

GOSSETT Residential Home provides residential care 24 hours a day with staff in a home environment for mild and moderate or severe developmentally challenged individuals, who also exhibit severe...

GOSSETT Residential Home provides residential care 24 hours a day with staff in a home environment for mild and moderate or severe developmentally challenged individuals, who also exhibit severe behavioral challenges and/or severe deficit in self help skills and may require close supervision. The facility also serves individuals with dual diagnoses, including mental health issues. Gossett Residential strives to assist each consumer to empower themselves, and to learn/develop the skills necessary to successfully participate in their home, social, educational and recreational community environments.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $290,984

TOTAL REVENUE $290,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,567

Fundraising Expenses $0

Program Expenses $251,273

Other Expenses $157,706

TOTAL EXPENSES $251,273

Year-over-Year Comparison

	2018	2017	Change
Revenue	$290,984	$266,908	+0.1%
Expenses	$251,273	$259,096	0.0%
Net Income	$39,711	$7,812	+4.1%

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
DWIGHT GOSSETT	President & CEO	20.00	Director	$0	$0	$0
LOUISE GOSSETT	Director	40.00	Officer Director	$0	$0	$0
REGINA JOHNSON	Director	10.00	Officer Director	$0	$0	$0
ENAHARO GOSSETT	Director	10.00	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
2018	$290,984	$251,273	$248,106	$39,711