ALBERT LEA TRADES & LABOR ASSEMBLY SENIOR HOUSING INC (EIN 237001339) - 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

1971

Legal Domicile

Principal Officer

RICHARD CHAPMAN

Phone

5073735391

Tax Period

2022-10-01 to 2023-09-30

ALBERT LEA TRADES & LABOR ASSEMBLY SENIOR HOUSING INC, founded in 1971, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 11% surplus.

Mission

TO PROVIDE SUBSIDIZED RENTAL HOUSING FOR PERSONS WITH ELDERLY AND LOW INCOME QUALIFICATIONS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,285,010

Investment Income $362

Other Revenue $8,971

TOTAL REVENUE $1,294,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,203

Fundraising Expenses $0

Program Expenses $888,801

Other Expenses $1,005,993

TOTAL EXPENSES $1,154,196

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,294,343	$1,150,938	+0.1%
Expenses	$1,154,196	$1,123,502	+0.0%
Net Income	$140,147	$27,436	+4.1%

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

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

$86,859

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD CHAPMAN	CHAIR	5.00	Officer Director	$0	$0	$0
DIANE LANDAAS	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
THERESA KNUDSTON	TREASURER	1.00	Officer Director	$0	$0	$0
KEN BERTELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
BILL AVERY	DIRECTOR	1.00	Director	$0	$0	$0
MARK ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
FRANK WAKEFIELD	DIRECTOR	1.00	Director	$0	$0	$0
BILL BUEGE	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS HAMBERG	MANAGER	35.00	Officer	$51,455	$0	$51,455
HELEN HAMBERG	MANAGER	35.00	Officer	$32,810	$0	$32,810
PAULA BACHTLE	MANAGER	35.00	Officer	$2,594	$0	$2,594

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
2024	No data	No data	No data	No data
2023	$1,294,343	$1,154,196	$2,180,091	$140,147
2022	$1,150,938	$1,123,502	$2,053,967	$27,436
2021	$1,180,337	$1,002,589	$2,039,488	$177,748
2020	$1,125,485	$1,034,739	$1,909,701	$90,746
2019	$1,163,554	$1,111,742	$1,855,083	$51,812
2018	$1,108,697	$1,073,231	$1,894,066	$35,466

ALBERT LEA TRADES & LABOR ASSEMBLY SENIOR HOUSING INC