CORVALLIS CARING PLACE (EIN 931244973) - 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

JERRY GROESZ

Phone

5417532033

Tax Period

2023-01-01 to 2023-12-31

CORVALLIS CARING PLACE, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 11% surplus.

Mission

PROVIDES COMPASSIONATE CARE IN A LIFE-ENRICHING ENVIRONMENT TO SENIOR RESIDENTS IN NEED OF ASSISTANCE WITH ACTIVITIES OF DAILY LIVING.

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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 $5,300

Program Service Revenue $2,513,150

Investment Income $117,667

Other Revenue $10,162

TOTAL REVENUE $2,646,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,374,903

Fundraising Expenses $0

Program Expenses $1,879,365

Other Expenses $991,029

TOTAL EXPENSES $2,365,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,646,279	$2,404,520	+0.1%
Expenses	$2,365,932	$2,171,898	+0.1%
Net Income	$280,347	$232,622	+0.2%

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

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

$105,621

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRYSTAL WELL	EXECUTIVE DI	40.00	Officer	$105,621	$0	$105,621
JERRY GROESZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
THERESE WATERHOUS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KATHY HALE	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM SEARCY	CO-TREASURER	2.00	Officer Director	$0	$0	$0
LES BOUDREAUX	CO-TREASURER	2.00	Officer Director	$0	$0	$0
KIRK NEWBURGH	PAST PRESIDE	2.00	Officer Director	$0	$0	$0
BRUCE BYNUM	BOARD MEMBER	1.00	Director	$0	$0	$0
SOPHIE DOBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE KUNKE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBYNN PEASE	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA PURCELL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRADY SAHNOW	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	$2,646,279	$2,365,932	$5,562,061	$280,347
2022	$2,404,520	$2,171,898	$5,147,087	$232,622
2021	$2,083,335	$2,043,809	$5,390,215	$39,526
2020	$2,151,211	$2,006,058	$5,291,450	$145,153
2019	$2,002,078	$1,917,817	$5,029,286	$84,261
2018	$1,888,841	$1,834,841	$4,797,841	$54,000

CORVALLIS CARING PLACE