THE SALVATION ARMY TULARE RESIDENCES INC (EIN 251902847) - 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

2004

Legal Domicile

Principal Officer

DOUGLAS RILEY

Tax Period

2023-10-01 to 2024-09-30

THE SALVATION ARMY TULARE RESIDENCES INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $569K in total revenue in fiscal year 2023. Expenses of $741K exceeded revenue, resulting in a 30% operating deficit.

Mission

THE SALVATION ARMY TULARE RESIDENCES INC IS A NON-PROFIT APARTMENT COMPLEX THAT PROVIDES SUBSIDIZED HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED PERSONS.

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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 $305,747

Program Service Revenue $255,142

Investment Income $8,170

Other Revenue $0

TOTAL REVENUE $569,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,609

Fundraising Expenses $0

Program Expenses $675,040

Other Expenses $567,658

TOTAL EXPENSES $741,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$569,059	$559,959	+0.0%
Expenses	$741,267	$715,100	+0.0%
Net Income	$-172,208	$-155,141	+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

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

$411,103

Total Directors

$1,479,813

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE LUM	DIRECTOR	0.00	Director	$0	$29,517	$323,220
PHILIP LUM	DIRECTOR	0.00	Director	$0	$29,517	$271,316
DOUGLAS RILEY	PRESIDENT	0.00	Officer Director	$0	$32,394	$217,996
COLLEEN RILEY	DIRECTOR	0.00	Director	$0	$32,394	$217,896
KELLY PONTSLER	TREASURER	1.00	Officer Director	$0	$46,014	$102,169
GENEVERA VINCENT	DIRECTOR	0.00	Director	$0	$38,650	$90,938
EDDIE VINCENT	VP	0.00	Officer Director	$0	$38,650	$90,938
JENNIFER WILD	DIRECTOR	0.00	Director	$0	$28,016	$82,670
IVAN WILD	DIRECTOR	0.00	Director	$0	$28,016	$82,670
KENNETH HODDER	CHAIRMAN	0.00	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
2024	$569,059	$741,267	$4,576,345	$-172,208
2023	$559,959	$715,100	$4,710,029	$-155,141
2021	$495,877	$689,009	$5,023,656	$-193,132
2020	$478,446	$641,097	$5,232,757	$-162,651
2019	$472,799	$621,226	$5,398,285	$-148,427
2018	$471,445	$609,829	$5,527,205	$-138,384

THE SALVATION ARMY TULARE RESIDENCES INC