LAURENTIAN HALL ASSOCIATES (EIN 251545077) - 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

1986

Legal Domicile

Principal Officer

RICHARD SWARTZ

Phone

4124416950

Tax Period

2023-01-01 to 2023-12-31

LAURENTIAN HALL ASSOCIATES, founded in 1986, is a small nonprofit that reported $506K in total revenue in fiscal year 2023.

Mission

LAURENTIAN HALL ASSOCIATES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE COMMONWEALTH OF PENNSYLVANIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A PROPERTY CONSISTING OF 36 UNITS FOR LOW-INCOME, ELDERLY PERSONS LOCATED IN PITTSBURGH, PENNSYLVANIA, KNOWN AS LAURENTIAN HALL. THE PROPERTY OPERATES UNDER SECTION 212 PURSUANT TO SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $330,017

Program Service Revenue $155,533

Investment Income $4,329

Other Revenue $15,978

TOTAL REVENUE $505,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $483,392

Other Expenses $546,755

TOTAL EXPENSES $546,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$505,857	$487,796	+0.0%
Expenses	$546,755	$522,687	+0.0%
Net Income	$-40,898	$-34,891	+0.2%

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

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	Role	Reportable Comp	Other Comp	Total
RICHARD SWARTZ	PRESIDENT	Officer Director	$0	$0	$0
JEANETTE COLEMAN	VICE PRESIDENT	Officer Director	$0	$0	$0
LOUIS WELLS	SECRETARY	Officer Director	$0	$0	$0
JIM HERRLE	TREASURER	Officer Director	$0	$0	$0
JODI LINCOLN	DIRECTOR	Director	$0	$0	$0
LENA ANDREWS	DIRECTOR	Director	$0	$0	$0
ANNE MARIE HARR	DIRECTOR	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	No data	No data	No data	No data
2023	$505,857	$546,755	$1,015,869	$-40,898
2022	$487,796	$522,687	$807,087	$-34,891
2021	$473,474	$513,400	$809,550	$-39,926
2020	$495,200	$492,791	$873,654	$2,409
2019	$457,599	$379,624	$963,233	$77,975
2018	$377,092	$452,477	$892,970	$-75,385

LAURENTIAN HALL ASSOCIATES