PANZA

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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

BRENDAN VANDERVELDE

Phone

3603380451

Tax Period

2023-01-01 to 2023-12-31

PANZA, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

WE PROVIDE PERMANENT SUPPORTIVE HOUSING FOR PEOPLE EXPERIENCING HOMELESSNESS. WE CREATE AND MANAGE TINY HOME VILLAGES THAT FOSTER COMMUNITY, ENCOURAGE PERSONAL GROWTH, AND PROMOTE ACCESS TO CARE AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $1,389,016 Revenue: $406,614

WE RECENTLY UPDATED OUR DBA NAME TO NEW HORIZON COMMUNITIES TO MORE ACCURATELY REFLECT THE JOURNEY OF OUR RESIDENTS. WE CONTINUE TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO RESIDENTS AT QUIXOTE...

WE RECENTLY UPDATED OUR DBA NAME TO NEW HORIZON COMMUNITIES TO MORE ACCURATELY REFLECT THE JOURNEY OF OUR RESIDENTS. WE CONTINUE TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO RESIDENTS AT QUIXOTE VILLAGE, A 30-HOME VILLAGE IN THURSTON COUNTY, WA THE ORTING VETERANS VILLAGE, A 35-HOME VILLAGE IN PIERCE COUNTY, WA AND THE SHELTON VETERANS VILLAGE, A 30-HOME VILLAGE IN MASON COUNTY, WA. OUR PROGRAMS INCLUDE CASE MANAGEMENT, ONE-ON-ONE THERAPY, TRANSPORTATION, AND LIFE-SKILLS TRAINING.

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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 $1,033,924

Program Service Revenue $401,164

Investment Income $7,695

Other Revenue $-11,498

TOTAL REVENUE $1,431,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $852,329

Fundraising Expenses $1,432

Program Expenses $1,389,016

Other Expenses $774,180

TOTAL EXPENSES $1,626,509

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,431,285	$1,970,208	-0.3%
Expenses	$1,626,509	$1,234,524	+0.3%
Net Income	$-195,224	$735,684	-1.3%

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

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

$168,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARCY HUFFMAN	BOARD MEMEBER	3.00	Director	$0	$0	$0
BRENDAN VANDERVELDE	TREASURER	5.00	Officer Director	$0	$0	$0
ARIN MOWER	SECRETARY	4.00	Officer Director	$0	$0	$0
LOURDES ALVARADO-RAMOS	BOARD MEMEBER	3.00	Director	$0	$0	$0
BETH DOGLIO	PRESIDENT	10.00	Officer Director	$0	$0	$0
EKATERINA HENYAN	BOARD MEMEBER	3.00	Director	$0	$0	$0
SHELBY PAYNE SHIER	BOARD MEMEBER	3.00	Director	$0	$0	$0
LONNIE SPIKES JR	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DENIS LEVERICH	BOARD MEMEBER	3.00	Director	$0	$0	$0
JIM SCHWARTZ	BOARD MEMEBER	3.00	Director	$0	$0	$0
COLLEEN CARMICHAEL	EXECUTIVE DIRECTOR	40.00	Officer	$103,402	$0	$103,402
JAYCIE OSTERBERG	ASSOCIATE DIRECTOR	40.00	Officer	$65,483	$0	$65,483

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	$1,431,285	$1,626,509	$13,904,800	$-195,224
2022	$1,970,208	$1,234,524	$10,300,604	$735,684
2021	$1,434,673	$950,042	$7,904,404	$484,631
2020	$935,905	$508,626	$6,413,452	$427,279
2019	$519,875	$465,924	$3,142,118	$53,951
2018	$644,146	$430,321	$2,829,276	$213,825