Health Care
(E91Z)
990 on File
SOLOMONS HOME FOR THE AGED
Financial strength (30%)
89/100
Reliability (20%)
55/100
Effectiveness (25%)
71/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$421K
Total Revenue
$297K
Total Expenses
$362K
Net Assets
14
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
88.4%
Fundraising Efficiency
N/A
Operating Reserve
14.63x
Liability-to-Asset
12.9%
Revenue Diversification
79.5%
Compared with Peers
FY 2023
Compared with 6,416 similar organizations
(United States, Health Care, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.4% | 84.9% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.6% | 11.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
14.6 mo | 13.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.9% | 1.4% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
79.5% | 94.7% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
51.0% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.4% | 10.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
29.4% | 3.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $421K | $297K | $362K | 88.4% | 14 |
| 2022 | $279K | $267K | $231K | 94.2% | 14 |
| 2021 | $345K | $277K | N/A | — | 20 |
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