CLAREMONT HOUSE INCORPORATED (EIN 942394340) - 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

1989

Legal Domicile

Principal Officer

TOM MAY

Phone

9253620354

Tax Period

2023-01-01 to 2023-12-31

CLAREMONT HOUSE INCORPORATED, founded in 1989, is a mid-sized nonprofit in the Human Services sector that reported $12.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $13.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE ROOM AND BOARD, ENTERTAINMENT, SOCIAL WORK AND NURSING TO THE 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 $0

Program Service Revenue $12,142,671

Investment Income $3,439

Other Revenue $0

TOTAL REVENUE $12,146,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,748,584

Fundraising Expenses $0

Program Expenses $11,080,733

Other Expenses $6,802,870

TOTAL EXPENSES $13,551,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,146,110	$10,736,242	+0.1%
Expenses	$13,551,454	$11,847,487	+0.1%
Net Income	$-1,405,344	$-1,111,245	+0.3%

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

223

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
TOM MAY	PRESIDENT	1.00	Officer Director	$0	$0	$0
GREG HULBERT	SECRETARY TREASURER	1.00	Officer Director	$0	$0	$0
ALAN PURVIS	DIRECTOR	1.00	Director	$0	$0	$0
DIRK NEUMAN	DIRECTOR	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	$12,146,110	$13,551,454	$8,669,716	$-1,405,344
2022	$10,736,242	$11,847,487	$9,629,310	$-1,111,245
2021	$9,784,957	$11,020,184	$10,196,507	$-1,235,227
2020	$9,248,308	$9,578,949	$11,336,293	$-330,641
2019	$8,126,469	$9,265,412	$11,189,506	$-1,138,943
2018	$8,908,034	$10,058,870	$12,192,563	$-1,150,836

CLAREMONT HOUSE INCORPORATED