THE SALVATION ARMY OCEANSIDE RESIDENCES INC (EIN 330039041) - 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

1984

Legal Domicile

Tax Period

2018-10-01 to 2019-09-30

THE SALVATION ARMY OCEANSIDE RESIDENCES INC, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $855K in total revenue in fiscal year 2018. The organization ran a surplus of $161K, a strong 19% operating margin.

Mission

THE SALVATION ARMY OCEANSIDE RESIDENCES INC IS A NON-PROFIT APARTMENT COMPLEX THAT PROVIDES SUBSIDIZED HOUSING TO LOW INCOME ELDERLY OR HANDICAPPED PERSONS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $592,450

Program Service Revenue $260,366

Investment Income $1,954

Other Revenue $0

TOTAL REVENUE $854,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,445

Fundraising Expenses $0

Program Expenses $693,838

Other Expenses $530,393

TOTAL EXPENSES $693,838

Year-over-Year Comparison

	2018	2017	Change
Revenue	$854,770	$845,203	+0.0%
Expenses	$693,838	$716,339	0.0%
Net Income	$160,932	$128,864	+0.2%

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

$192,126

Total Directors

$397,339

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HUDSON	CHAIRMAN	0.00	Director	$0	$0	$0
KENNETH HODDER	PRESIDENT	0.00	Officer Director	$0	$0	$73,626
DOUGLAS RILEY	VP	0.00	Officer Director	$0	$0	$57,150
DOUGLAS TOLLERUD	TREASURER	1.00	Officer Director	$0	$0	$61,350
STEPHEN SMITH	DIRECTOR	0.00	Director	$0	$0	$61,201
JOLENE HODDER	DIRECTOR	0.00	Director	$0	$0	$73,626
LISA SMITH	DIRECTOR	0.00	Director	$0	$0	$70,386

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
2019	$854,770	$693,838	$2,350,843	$160,932
2018	$845,203	$716,339	$2,313,984	$128,864

THE SALVATION ARMY OCEANSIDE RESIDENCES INC