LANCER EDUCATIONAL HOUSING CORPORATION (EIN 260271058) - 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

2007

Legal Domicile

Principal Officer

MARK HOWE

Phone

9513434211

Tax Period

2022-07-01 to 2023-06-30

LANCER EDUCATIONAL HOUSING CORPORATION, founded in 2007, is a mid-sized nonprofit that reported $27.3M in total revenue in fiscal year 2022. Expenses of $23.4M left a modest 14% surplus.

Mission

THE CORPORATION FACILITATES THE EDUCATION AND SUPPORT OF STUDENTS, FACULTY, AND STAFF OF CALIFORNIA BAPTIST UNIVERSITY (CBU) BY PURCHASING HOUSING STOCK AND LEASING IT TO STUDENTS AND TO CBU.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,529,356

Investment Income $802,185

Other Revenue $0

TOTAL REVENUE $27,331,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,919,279

Other Expenses $23,379,546

TOTAL EXPENSES $23,379,546

Year-over-Year Comparison

	2022	2021	Change
Revenue	$27,331,541	$25,714,110	+0.1%
Expenses	$23,379,546	$23,165,042	+0.0%
Net Income	$3,951,995	$2,549,068	+0.6%

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

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

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

$2,305,205

Total Directors

$2,305,205

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD L ELLIS	PRESIDENT	0.25	Officer Director	$0	$71,374	$1,782,919
MARK HOWE	SECRETARY/TREASURER	0.25	Officer Director	$0	$72,522	$522,286
DR RICK MILLER	DIRECTOR	0.25	Director	$0	$0	$0
MATTHEW ALBEE	DIRECTOR	0.25	Director	$0	$0	$0
DAVID PEERY	DIRECTOR	0.25	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$27,331,541	$23,379,546	$203,973,879	$3,951,995
2022	$25,714,110	$23,165,042	$202,516,837	$2,549,068
2021	$16,650,652	$20,425,044	$200,461,258	$-3,774,392
2020	$19,950,483	$17,092,611	$213,664,272	$2,857,872
2019	$21,166,282	$17,139,214	$208,387,398	$4,027,068
2018	$19,431,070	$15,796,850	$153,764,866	$3,634,220

LANCER EDUCATIONAL HOUSING CORPORATION