Mennonite Home of Albany Inc (EIN 930473211) - 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

1987

Legal Domicile

Principal Officer

DIANE HOOD

Phone

5419287232

Tax Period

2023-10-01 to 2024-09-30

Mennonite Home of Albany Inc, founded in 1987, is a mid-sized nonprofit in the Human Services sector that reported $32.1M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $30.6M left a modest 5% surplus.

Mission

To provide a full continuum of care for senior adults. This includes independent living homes and apartments, assisted living, nursing care, and memory care.

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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 $1,611,753

Program Service Revenue $29,781,400

Investment Income $664,338

Other Revenue $72,977

TOTAL REVENUE $32,130,468

Expense Breakdown

Grants Paid $34,989

Salaries & Benefits $15,235,692

Fundraising Expenses $96,210

Program Expenses $26,032,566

Other Expenses $15,291,316

TOTAL EXPENSES $30,561,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,130,468	$28,938,633	+0.1%
Expenses	$30,561,997	$30,015,738	+0.0%
Net Income	$1,568,471	$-1,077,105	-2.5%

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

451

Volunteers

110

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

$573,483

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE HOOD	CEO	40.00	Officer	$63,867	$18,625	$268,549
Clifford Mars	CFO	40.00	Officer	$40,785	$17,468	$195,287
Susan Folden	Controller	40.00		$31,610	$16,169	$150,698
Megan Taylor	MV Administrator	40.00		$123,585	$15,841	$139,426
Elizabeth Walls	Administrator MH	40.00		$117,948	$15,671	$133,619
Heidi Rose	Healthcare SVC dir	40.00		$111,305	$15,472	$126,777
Angela Trahan	Dir. of Nursing	40.00		$110,766	$15,456	$126,222
Clifton Spivey	Marketing Director	40.00		$20,205	$15,245	$112,075
Sarah Hobson	COO	40.00	Officer	$95,706	$13,941	$109,647
Gene Stutzman	Director	2.00	Director	$0	$0	$0
PHIL HISTAND	Secretary	3.00	Officer Director	$0	$0	$0
Ken Hooge	Director	2.00	Director	$0	$0	$0
Kristi Jacobo	Director	2.00	Director	$0	$0	$0
Rick Pimm	Director	2.00	Director	$0	$0	$0
Mary Beth Rothengass-Melero	Director	2.00	Director	$0	$0	$0
Shanilka deSoyza	Director	2.00	Director	$0	$0	$0
Joe Whinnery	Village Rep	2.00	Director	$0	$0	$0
Brett Tieszen	chair	3.00	Officer Director	$0	$0	$0
Lena Ferris	Vice Chair	3.00	Officer Director	$0	$0	$0
Mike Baker	Director	2.00	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	$32,130,468	$30,561,997	$85,802,364	$1,568,471
2023	$28,938,633	$30,015,738	$81,208,402	$-1,077,105
2022	$28,368,567	$29,678,413	$81,716,094	$-1,309,846
2021	$34,341,326	$32,804,396	$84,000,726	$1,536,930
2020	$30,115,303	$31,354,170	$85,262,011	$-1,238,867
2019	$32,247,143	$30,525,150	$79,942,102	$1,721,993

Mennonite Home of Albany Inc