First City Homeless Services (EIN 262565838) - 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

Kathy Ramirez

Phone

9072250888

Tax Period

2023-01-01 to 2023-12-31

First City Homeless Services, founded in 2008, is a small nonprofit that reported $415K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $637K exceeded revenue, resulting in a 53% operating deficit.

Mission

To identify the current needs of the homeless in the community and to equip them for the transformation of their lives.

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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 $396,359

Program Service Revenue $0

Investment Income $3,231

Other Revenue $15,808

TOTAL REVENUE $415,398

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $486,276

Fundraising Expenses $0

Program Expenses $470,471

Other Expenses $149,287

TOTAL EXPENSES $637,063

Year-over-Year Comparison

	2023	2022	Change
Revenue	$415,398	$564,290	-0.3%
Expenses	$637,063	$479,917	+0.3%
Net Income	$-221,665	$84,373	-3.6%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Pilcher	Board Chair	1.00	Officer Director	$0	$0	$0
Kathy Ramirez	Treasurer	1.00	Officer Director	$0	$0	$0
Shelly Paasonen	Secretary	1.00	Officer Director	$0	$0	$0
Rebecca Bowlen	Member	1.00	Director	$0	$0	$0
Steve Hayburn	Member	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
2024	No data	No data	No data	No data
2023	$415,398	$637,063	$107,772	$-221,665
2022	$564,290	$479,917	$480,558	$84,373
2021	$227,330	$295,667	$390,817	$-68,337
2020	$338,641	$209,787	$460,279	$128,854
2019	$143,434	$182,761	$328,564	$-39,327
2018	$342,521	$175,197	$367,481	$167,324

First City Homeless Services