ORMOND ASSOCIATES INC (EIN 262464242) - 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

2008

Legal Domicile

Principal Officer

QINDI SHI

Phone

8564828747

Tax Period

2023-07-01 to 2024-06-30

ORMOND ASSOCIATES INC, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $50K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 61% operating margin.

Mission

SUPPORTIVE HOUSING FOR HOMELESS INDIVIDUALS WITH SERIOUS AND PERSISTENT MENTAL ILLNESS AND/OR CHRONIC SUBSTANCE ABUSE DISORDERS.

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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 $0

Program Service Revenue $48,341

Investment Income $1,379

Other Revenue $0

TOTAL REVENUE $49,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,444

Other Expenses $19,444

TOTAL EXPENSES $19,444

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,720	$71,459	-0.3%
Expenses	$19,444	$11,165	+0.7%
Net Income	$30,276	$60,294	-0.5%

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

$1,059,657

Total Directors

$1,059,657

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRY HOLLAND	PRESIDENT	1.00	Officer Director	$0	$59,141	$626,112
QINDI SHI	SECRETARY/TREASURER	1.00	Officer Director	$0	$59,261	$433,545
MARIANNE ALEARDI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AARON NELSON	TRUSTEE	1.00	Director	$0	$0	$0
CHELSEA CARTER	TRUSTEE	1.00	Director	$0	$0	$0
COLLEEN CRANDALL	TRUSTEE	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
2025	No data	No data	No data	No data
2024	$49,720	$19,444	$857,406	$30,276
2023	$71,459	$11,165	$825,801	$60,294
2022	$66,511	$26,632	$765,507	$39,879
2021	$67,915	$31,429	$723,433	$36,486
2020	$56,627	$23,315	$689,756	$33,312
2019	$55,784	$22,451	$655,999	$33,333
2018	$64,011	$23,632	$622,778	$40,379

ORMOND ASSOCIATES INC