SALEM HOMES 2004 INC (EIN 202753780) - 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

2004

Principal Officer

Victor Luna

Phone

7327801175

Tax Period

2025-01-01 to 2025-12-31

SALEM HOMES 2004 INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $101K in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $120K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE CONSUMERS OF MENTAL HEALTH SERVICES WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. TO PROMOTE THEIR HEALTH, SECURITY AND HAPPINESS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $27,564

Program Service Revenue $12,465

Investment Income $69

Other Revenue $60,900

TOTAL REVENUE $100,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $113,270

Other Expenses $119,899

TOTAL EXPENSES $119,899

Year-over-Year Comparison

	2025	2024	Change
Revenue	$100,998	$82,433	+0.2%
Expenses	$119,899	$96,378	+0.2%
Net Income	$-18,901	$-13,945	+0.4%

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

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
VICTOR LUNA	President	1.00	Officer Director	$0	$0	$0
JOHN KULESZA	Secretary	1.00	Officer Director	$0	$0	$0
GEORGE SKERLETTS	Trustee	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
2025	$100,998	$119,899	$710,826	$-18,901
2024	$82,433	$96,378	$710,972	$-13,945
2023	$47,594	$80,467	$716,914	$-32,873

SALEM HOMES 2004 INC