EVERGREEN COURT SENIOR HOUSING ASSOCIATION (EIN 911706034) - 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

1996

Legal Domicile

Principal Officer

KOREN SMITH

Phone

4252589222

Tax Period

2023-01-01 to 2023-12-31

EVERGREEN COURT SENIOR HOUSING ASSOCIATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $726K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $856K exceeded revenue, resulting in a 18% operating deficit.

Mission

HOUSING FOR LOW-INCOME ELDERLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $397,149

Program Service Revenue $160,347

Investment Income $1,540

Other Revenue $167,359

TOTAL REVENUE $726,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,045

Fundraising Expenses $0

Program Expenses $799,755

Other Expenses $739,800

TOTAL EXPENSES $855,845

Year-over-Year Comparison

	2023	2022	Change
Revenue	$726,395	$543,370	+0.3%
Expenses	$855,845	$347,608	+1.5%
Net Income	$-129,450	$195,762	-1.7%

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

N/A

Volunteers

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

$443,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN FORSYTH - INTERIM EXEC	DIRECTOR (THROUGH NOV. 2023)	1.00	Officer	$0	$31,395	$222,080
ASHLEY LOMMERS-JOHNSON	EXEC. DIRECTOR (THROUGH APRIL 2023)	1.00	Officer	$0	$12,502	$137,692
MAJOR GALLOWAY III	EXECUTIVE DIRECTOR	1.00	Officer	$0	$5,995	$83,560
CHIP BURGESS	PRESIDENT	1.00	Officer Director	$0	$0	$0
KOREN SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA ANDREWS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MANSELLE	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE PEREZ JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN TRAYNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN YOUNG	BOARD MEMBER	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	No data	No data	No data	No data
2023	$726,395	$855,845	$1,875,938	$-129,450
2022	$543,370	$347,608	$1,997,718	$195,762
2021	$494,324	$331,220	$1,798,337	$163,104
2020	$287,019	$309,787	$1,640,774	$-22,768
2019	$271,121	$300,108	$1,659,747	$-28,987
2018	$257,274	$267,440	$1,700,615	$-10,166

EVERGREEN COURT SENIOR HOUSING ASSOCIATION