Concord Homes Inc (EIN 237071540) - 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

1975

Legal Domicile

Principal Officer

FRANK FRIBLEY

Phone

9259510762

Tax Period

2024-01-01 to 2024-12-31

Concord Homes Inc, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $3.4M in total revenue in fiscal year 2024. Expenses of $3.0M left a modest 14% surplus.

Mission

THE CORPORATION WAS FORMED TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

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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 $2,315,183

Program Service Revenue $1,106,045

Investment Income $19,960

Other Revenue $0

TOTAL REVENUE $3,441,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $825,590

Fundraising Expenses $0

Program Expenses $2,796,406

Other Expenses $2,124,785

TOTAL EXPENSES $2,950,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,441,188	$3,232,938	+0.1%
Expenses	$2,950,375	$2,779,153	+0.1%
Net Income	$490,813	$453,785	+0.1%

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

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
FRANK FRIBLEY	President	1.00	Officer Director	$0	$0	$0
MARILYN WOLLENWEBER	Vice President	1.00	Officer Director	$0	$0	$0
TRUDY MEIGS	Secretary	1.00	Officer Director	$0	$0	$0
WAYNE MATZEN	Treasurer	1.00	Officer Director	$0	$0	$0
CLAUDIA MACIAS	MEMBER	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
2024	$3,441,188	$2,950,375	$3,259,720	$490,813
2023	$3,232,938	$2,779,153	$2,863,283	$453,785
2022	$3,100,237	$3,292,204	$2,546,021	$-191,967
2021	$3,071,108	$2,765,404	$2,775,257	$305,704
2020	$3,005,157	$2,705,100	$2,546,452	$300,057
2019	$2,594,131	$2,202,463	$2,378,111	$391,668
2018	$2,350,355	$2,743,513	$2,065,074	$-393,158

Concord Homes Inc