MEADOW PARK SENIOR HOUSING ASSOCIATION (EIN 911876555) - 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

1997

Legal Domicile

Principal Officer

KOREN SMITH

Phone

4252589222

Tax Period

2024-01-01 to 2024-12-31

MEADOW PARK SENIOR HOUSING ASSOCIATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $627K in total revenue in fiscal year 2024. The organization ran a surplus of $156K, a strong 25% operating margin.

Mission

CREATE AFFORDABLE HOUSING AND FOSTER HEALTHY COMMUNITIES WHERE HOUSEHOLDS THRIVE.

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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 $485,432

Program Service Revenue $140,136

Investment Income $1,445

Other Revenue $0

TOTAL REVENUE $627,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $117,014

Fundraising Expenses $0

Program Expenses $423,363

Other Expenses $353,641

TOTAL EXPENSES $470,655

Year-over-Year Comparison

	2024	2023	Change
Revenue	$627,013	$588,164	+0.1%
Expenses	$470,655	$447,692	+0.1%
Net Income	$156,358	$140,472	+0.1%

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

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

$437,315

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAJOR GALLOWAY III	EXEC. DIRECTOR (THROUGH APRIL 2024)	1.00	Officer	$0	$7,408	$332,829
MARY SWENSON EXECUTIVE DIRECTOR	& SECRETARY (AS OF APRIL 2024)	1.00	Officer	$0	$8,614	$104,486
KOREN SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
CYNTHIA ANDREWS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHIP BURGESS	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

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	$627,013	$470,655	$2,234,707	$156,358
2023	$588,164	$447,692	$2,074,246	$140,472
2022	$581,325	$448,017	$1,926,090	$133,308
2021	$507,222	$343,505	$1,792,685	$163,717
2020	$271,801	$335,394	$1,635,622	$-63,593
2019	$261,799	$331,008	$1,696,285	$-69,209
2018	$248,901	$311,811	$1,788,350	$-62,910

MEADOW PARK SENIOR HOUSING ASSOCIATION