THELMA ARMS INC (EIN 946236765) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

SHIRLEY WILLIAMS

Phone

4155673840

Tax Period

2024-07-01 to 2025-06-30

THELMA ARMS INC, founded in 1971, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LOW COST SUBSIDIZED RENTAL HOUSING FOR LOW INCOME SENIORS AND DISABLED INDIVIDUALS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,751,470

Program Service Revenue $967,517

Investment Income $101,173

Other Revenue $10,171

TOTAL REVENUE $5,830,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $952,041

Fundraising Expenses $0

Program Expenses $6,027,049

Other Expenses $5,232,012

TOTAL EXPENSES $6,184,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,830,331	$4,964,445	+0.2%
Expenses	$6,184,053	$6,063,381	+0.0%
Net Income	$-353,722	$-1,098,936	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
EUNICE PAULEY	BD MEMBER	002.00	Director	$0	$0	$0
SHIRLEY WILLIAMS	PRESIDENT	002.00	Officer	$0	$0	$0
BRENDA RADCLIFF GRAHAM	VICE PRESIDENT	002.00	Officer	$0	$0	$0
NINA TURPIE	TREASURER	002.00	Officer	$0	$0	$0
NANCY KENNEDY	SECRETARY	002.00	Officer	$0	$0	$0
LINDA COLLINS	CHAPLAIN	002.00	Officer	$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
2025	$5,830,331	$6,184,053	$53,209,343	$-353,722
2024	$4,964,445	$6,063,381	$54,244,253	$-1,098,936
2023	$4,048,539	$3,649,557	$42,804,236	$398,982
2022	$4,265,690	$2,994,443	$26,866,662	$1,271,247
2021	$3,993,872	$2,102,750	$4,963,753	$1,891,122
2020	$1,983,831	$1,827,973	$3,072,057	$155,858
2019	$2,039,503	$1,799,477	$2,915,941	$240,026

THELMA ARMS INC