LA POSADA FOUNDATION

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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

2022

Legal Domicile

Principal Officer

JONI CONDIT

Phone

5206488100

Tax Period

2023-01-01 to 2023-12-31

LA POSADA FOUNDATION, founded in 2022, is a micro nonprofit in the Human Services sector that reported $162K in total revenue in fiscal year 2023. Revenue fell 101% from the prior year — a significant decline worth monitoring.

Mission

ASSIST IN THE DEVELOPMENT AND FUNDRAISING ACTIVITIES FOR THE LONG-TERM BENEFIT AND ENHANCEMENT OF THE MISSION OF THE LA POSADA COMMUNITIES, OR OTHER ORGANIZATIONS WHOSE MISSION ALIGNS WITH LA POSADA FOUNDATION.

Program Service Accomplishments

Program 1

Expenses: $759,358

MAINTAIN INSTITUTIONS FOR THE CARE OF PERSONS SUFFERING FROM ILLNESSES AND DISABILITIES AND TO ESTABLISH, SUPPORT AND MAINTAIN SENIOR/ELDER CARE AND RETIREMENT FACILITIES, INCLUDING, BUT NOT LIMITED TO, INDEPENDENT LIVING FACILITIES, ASSISTED LIVING FACILITIES, SKILLED NURSING FACILITIES AND INTERMEDIATE CARE FACILITIES AND TO PROVIDE RELATED SERVICES FOR THE ELDERLY/SENIORS, DISABLED AND RESIDENTS OF SENIOR/ELDER CARE AND RETIREMENT FACILITIES

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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 $443,980

Program Service Revenue $0

Investment Income $-606,459

Other Revenue $0

TOTAL REVENUE $-162,479

Expense Breakdown

Grants Paid $759,358

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $759,358

Other Expenses $111,698

TOTAL EXPENSES $871,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-162,479	$20,676,774	-1.0%
Expenses	$871,056	$381,623	+1.3%
Net Income	$-1,033,535	$20,295,151	-1.1%

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

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

$1,072,324

Total Directors

$443,272

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONI CONDIT	PRESIDENT/CEO	2.00	Officer Director	$0	$57,886	$443,272
SIMON DAVIS	CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD DUCOTE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DUANE BLUMBERG PHD	DIRECTOR	1.00	Director	$0	$0	$0
NANCY PUCKETT	DIRECTOR	1.00	Director	$0	$0	$0
PATTY SMALLSREED	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BENNETT	DIRECTOR (LEFT 2/23)	1.00	Director	$0	$0	$0
VIC FRESOLONE	DIRECTOR (LEFT 10/23)	1.00	Director	$0	$0	$0
JOHN STEPHENS	DIRECTOR (START 11/23)	1.00	Director	$0	$0	$0
PAUL IDE	SR VP/CFO/CIO	2.00	Officer	$0	$59,156	$409,431
PAUL LOOMANS	VP MARKETING	2.00	Officer	$0	$35,054	$219,621

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	$-162,479	$871,056	$21,901,876	$-1,033,535
2022	$20,676,774	$381,623	$19,464,287	$20,295,151