Pasadena Host Lions Club Memorial Trust

EIN: 237281843 501(c)(3)

Pasadena, CA

Total Revenue
$35,125
Total Expenses
$2,223,157
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
CA
Phone
6263585709
Tax Period
2022-07-01 to 2023-03-31

Pasadena Host Lions Club Memorial Trust, founded in 1973, is a micro nonprofit that reported $35K in total revenue in fiscal year 2022. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 6229% operating deficit.

Mission

The purpose of the charitable trust is to devote and supply the income from the trust fund and principal exclusively for charitable purposes or for the betterment and welfare of children or of handicapped persons, particularly persons handicapped in sight or hearing, either directly or by contributions to organizations duly authorized to carry on such activities and which have established their tax-exempt status under the provisions of 501(c)(3) and 501(c)(4) of the Internal Revenue Code and its regulations.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $35,125
Other Revenue $0
TOTAL REVENUE $35,125

Expense Breakdown

Grants Paid $2,174,498
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,174,498
Other Expenses $48,659
TOTAL EXPENSES $2,223,157

Year-over-Year Comparison

2022 2021 Change
Revenue $35,125 $100,240 -0.6%
Expenses $2,223,157 $114,395 +18.4%
Net Income $-2,188,032 $-14,155 +153.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
5

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Donna Pomerantz Director 1.00
Director
$0 $0 $0
Jhoana Hirasuna Director 1.00
Director
$0 $0 $0
Kirit M Dav Treasurer 1.00
Officer Director
$0 $0 $0
Mitchell Pomerantz Secretary 1.00
Officer Director
$0 $0 $0
Ronald C Bailey Chairman 1.00
Officer 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
2023 $35,125 $112,474 No data $-77,349
2023 $35,125 $2,223,157 No data $-2,188,032
2022 $100,240 $114,395 $2,102,730 $-14,155
2021 $43,835 $132,192 $2,287,986 $-88,357
2020 $-10,520 $155,260 $1,992,121 $-165,780
2019 $158,152 $92,572 $2,317,596 $65,580
2018 $105,921 $117,373 $2,281,789 $-11,452
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