SPECIALIZED TRAINING AND RESIDENCES CORPORATION (EIN 930915555) - 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

1985

Legal Domicile

Principal Officer

SALLY DEFORD

Phone

5032557810

Tax Period

2023-07-01 to 2024-03-19

SPECIALIZED TRAINING AND RESIDENCES CORPORATION, founded in 1985, is a small nonprofit that reported $528K in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 103% operating deficit.

Mission

ASSIST DEVELOPMENTALLY DISABLED INDIVIDUALS BY PROVIDING HOUSING AND TRANSPORTATION SERVICES IN A NEIGHBORHOOD ENVIRONMENT.

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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 $510,276

Program Service Revenue $18,096

Investment Income $0

Other Revenue $0

TOTAL REVENUE $528,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $321,232

Fundraising Expenses $0

Program Expenses $390,765

Other Expenses $751,312

TOTAL EXPENSES $1,072,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$528,372	$946,114	-0.4%
Expenses	$1,072,544	$621,269	+0.7%
Net Income	$-544,172	$324,845	-2.7%

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

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
JULIA DAVIS	BOARD MEMBER	0.50	Director	$0	$0	$0
SALLY DEFORD	PRESIDENT /T	3.00	Officer Director	$0	$0	$0
DONNA HOWARD	BOARD MEMBER	0.50	Director	$0	$0	$0
DOLLY MALCOM	SECRETARY	1.00	Officer Director	$0	$0	$0
DORIS MORRIS	BOARD MEMBER	0.50	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	$528,372	$1,072,544	No data	$-544,172
2023	$946,114	$621,269	$586,500	$324,845
2022	$506,868	$530,662	$279,087	$-23,794
2021	$559,889	$462,801	$330,283	$97,088
2020	$456,921	$482,451	$228,937	$-25,530
2019	$439,153	$458,812	$257,572	$-19,659
2018	$451,131	$457,238	$278,864	$-6,107
2017	$445,245	$391,764	$296,687	$53,481

SPECIALIZED TRAINING AND RESIDENCES CORPORATION