Alternatives Homes 2004 Inc (EIN 202754745) - 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

2005

Legal Domicile

Principal Officer

LYNN OMSLAER

Phone

9086851444

Tax Period

2023-07-01 to 2024-06-30

Alternatives Homes 2004 Inc, founded in 2005, is a micro nonprofit in the Housing & Shelter sector that reported $70K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $119K exceeded revenue, resulting in a 69% operating deficit.

Mission

PROVIDED CONSUMERS OF MENTAL HEALTH SERVICES WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL & PSYCHOLOGICAL NEEDS.

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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 $39,909

Program Service Revenue $30,092

Investment Income $124

Other Revenue $0

TOTAL REVENUE $70,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,906

Other Expenses $118,781

TOTAL EXPENSES $118,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,125	$85,610	-0.2%
Expenses	$118,781	$108,103	+0.1%
Net Income	$-48,656	$-22,493	+1.2%

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

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

$140,630

Total Directors

$140,630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynn M Omslaer	Chairperson, trustee	1.0	Officer Director	$0	$22,000	$140,630
Manju Rathnam	Treasurer/Sectretary, trustee	1.0	Officer Director	$0	$0	$0
Morris Malstrom	Trustee	1.0	Director	$0	$0	$0
Sharon Clark	Trustee	1.0	Director	$0	$0	$0
James Romach	Trustee	1.0	Director	$0	$0	$0
Barbara Dolan	Trustee	1.0	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	No data	No data	No data	No data
2024	$70,125	$118,781	$679,405	$-48,656
2023	$85,610	$108,103	$721,339	$-22,493
2022	$82,420	$105,812	$732,908	$-23,392
2021	$73,133	$113,250	$774,477	$-40,117
2020	$67,251	$103,073	$808,102	$-35,822
2019	$65,892	$95,137	$828,059	$-29,245
2018	$68,973	$108,104	$859,001	$-39,131

Alternatives Homes 2004 Inc