HUMANGOOD FOUNDATION WEST

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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

1968

Legal Domicile

Principal Officer

JOHN H COCHRANE III

Phone

9259247100

Tax Period

2024-01-01 to 2024-12-31

HUMANGOOD FOUNDATION WEST, founded in 1968, is a community nonprofit in the Human Services sector that reported $7.8M in total revenue in fiscal year 2024. The organization ran a surplus of $3.4M, a strong 43% operating margin.

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU. CONTINUED ON SCHEDULE O.BECAUSE WE BELIEVE THIS, OUR MISSION IS TO INSPIRE YOUR BEST LIFE.WE DO THAT BY WORKING HAND-IN-HAND TO CREATE EXPERIENCES THAT MATTER TO YOU.

Program Service Accomplishments

Program 1

Expenses: $3,321,138

THE PRIMARY PURPOSE OF HUMANGOOD FOUNDATION WEST (THE "FOUNDATION") IS TO DEVELOP, INVEST AND ADMINISTER FUNDS TO PROVIDE RESIDENTIAL AND NURSING HOME CARE ON BEHALF OF THE RESIDENTS OF FACILITIES OF HUMANGOOD NORCAL AND CERTAIN OF ITS AFFILIATES, WHICH ARE RELATED 501(C)(3) ORGANIZATIONS. THE FOUNDATION'S PRINCIPAL ACTIVITY IS TO ADMINISTER SUCH FUNDS UNDER TRUST AGREEMENTS. THE FOUNDATION MANAGES DONATED INVESTMENT FUNDS FOR HUMANGOOD NORCAL, HUMANGOOD WASHINGTON DBA JUDSON PARK, HUMANGOOD ARIZONA, INC. DBA TERRACES OF PHOENIX, HUMANGOOD NEVADA DBA LAS VENTANAS, HUMANGOOD IDAHO DBA TERRACES OF BOISE, HUMANGOOD FRESNO DBA TERRACES AT SAN JOAQUIN GARDENS, AND WEST VALLEY NURSING HOMES, INC. DBA THE TERRACES AT SUMMITVIEW WHICH ARE RELATED 501(C)(3) ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,051,806

Program Service Revenue $0

Investment Income $3,772,753

Other Revenue $0

TOTAL REVENUE $7,824,559

Expense Breakdown

Grants Paid $3,321,138

Salaries & Benefits $383,346

Fundraising Expenses $320,214

Program Expenses $3,321,138

Other Expenses $731,598

TOTAL EXPENSES $4,436,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,824,559	$8,164,724	0.0%
Expenses	$4,436,082	$6,503,360	-0.3%
Net Income	$3,388,477	$1,661,364	+1.0%

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

$4,549,269

Total Directors

$63,000

Key Employees

$1,362,871

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN DOWNEY	CHAIR	0.50	Officer Director	$0	$0	$0
WILLIAM G YOUNG JR	VICE CHAIR	0.50	Officer Director	$0	$0	$0
CHARLOTTE MARTINELLI	SECRETARY	0.50	Officer Director	$0	$0	$0
WILLIAM BATTISON	DIRECTOR	0.50	Director	$0	$0	$63,000
DOROTHY COLE	DIRECTOR	0.50	Director	$0	$0	$0
RAND FERRIS	DIRECTOR	0.50	Director	$0	$0	$0
KEN HEFLIN	RESIDENT DIRECTOR	0.50	Director	$0	$0	$0
JEANNE THOMAS	RESIDENT DIRECTOR	0.50	Director	$0	$0	$0
JOHN H COCHRANE III	PRESIDENT/CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$292,739	$1,566,593
DANIEL OGUS	CHIEF OPERATING OFFICER	0.50	Officer	$0	$184,062	$1,147,903
ANDREW MCDONALD	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$84,590	$758,654
BETHANY GHASSEMI	CHIEF LEGAL OFFICER	0.50	Officer	$0	$71,504	$659,066
NICK LINDBERG	CHIEF INFORMATION OFFICER	0.50	Officer	$0	$3,983	$417,053
ANIKA HARTOUNIAN	VP OF FINANCE	0.20	Key Emp	$0	$45,023	$430,662
JAMES PARK	SVP CORPORATE COMMUNICATION	0.50	Key Emp	$0	$34,521	$305,685
CYNTHIA SALGADO	VP CORPORATE COMPLIANCE	0.50	Key Emp	$0	$15,387	$287,341
JUANITA FRALEY	VP PHILANTHROPY	20.00	Key Emp	$0	$37,325	$339,183

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	$7,824,559	$4,436,082	$86,032,778	$3,388,477
2023	$8,164,724	$6,503,360	$81,916,210	$1,661,364
2022	$6,939,580	$5,054,156	$73,273,700	$1,885,424
2021	$8,515,405	$4,601,542	$80,965,021	$3,913,863
2020	$3,848,388	$4,513,958	$73,210,412	$-665,570
2019	$11,161,581	$5,186,499	$69,357,494	$5,975,082
2018	$14,594,220	$4,791,283	$56,795,061	$9,802,937