SOUTH BAY HOME ASSOCIATION INC C/O KNIGHTS OF COLUMBUS (EIN 112762401) - 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

1959

Legal Domicile

Principal Officer

JIM OCONNOR

Tax Period

2020-01-01 to 2020-12-31

SOUTH BAY HOME ASSOCIATION INC C/O KNIGHTS OF COLUMBUS, founded in 1959, is a micro nonprofit that reported $12K in total revenue in fiscal year 2020. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 9251% operating deficit.

Mission

TO PROVIDE A PLACE FOR THE MEMBERS OF QUEEN OF ALL HEARTS KNIGHTS OF COLUMBUS COUNCIL 4126 TO CARRY OUT BUSINESS AND OTHER ACTIVITES OF THE COUNCIL. TO MANAGE, BUY, PURCHASE, MORTGAGE, LEASE, SELL AND CONVEY REAL PROPERTY.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $12,049

Other Revenue $0

TOTAL REVENUE $12,049

Expense Breakdown

Grants Paid $1,112,008

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $14,702

TOTAL EXPENSES $1,126,710

Year-over-Year Comparison

	2020	2019	Change
Revenue	$12,049	$23,476	-0.5%
Expenses	$1,126,710	$24,126	+45.7%
Net Income	$-1,114,661	$-650	+1713.9%

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

N/A

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
MIKE LANKAU	SECRETARY	N/A	Officer Director	$0	$0	$0
BUD MCDERMOTT	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
WILLIAM MORGAN	TREASURER	N/A	Officer Director	$0	$0	$0
JIM OCONNOR	PRESIDENT	N/A	Officer 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
2020	$12,049	$1,126,710	No data	$-1,114,661
2019	$23,476	$24,126	$1,114,661	$-650
2018	$17,903	$24,714	$1,115,311	$-6,811

SOUTH BAY HOME ASSOCIATION INC C/O KNIGHTS OF COLUMBUS