ALPHA PROJECT FOR THE HOMELESS (EIN 330215585) - 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

1987

Legal Domicile

Principal Officer

ROBERT MCELROY

Phone

6195421877

Tax Period

2024-07-01 to 2025-06-30

ALPHA PROJECT FOR THE HOMELESS, founded in 1987, is a mid-sized nonprofit that reported $41.6M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

Alpha Project for the Homeless ("Alpha Project") was organized in February 1987 to empower individuals, families, and communities by providing work, recovery and support services to people who are motivated to change their lives and achieve self-sufficiency.

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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 (2024)

Revenue Breakdown

Contributions & Grants $35,340,689

Program Service Revenue $5,549,328

Investment Income $631,304

Other Revenue $64,594

TOTAL REVENUE $41,585,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,730,271

Fundraising Expenses $79,577

Program Expenses $38,718,198

Other Expenses $17,879,066

TOTAL EXPENSES $40,609,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,585,915	$46,119,889	-0.1%
Expenses	$40,609,337	$38,497,464	+0.1%
Net Income	$976,578	$7,622,425	-0.9%

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

496

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

$1,180,044

Total Directors

$183,089

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT MCELROY	CEO & PRESIDENT	40.00	Officer	$318,144	$28,548	$346,692
JAN NORBY	CFO	40.00	Officer	$271,709	$33,216	$304,925
JANICE WILLIAMS	CBDO	40.00	Officer	$217,102	$31,011	$248,113
LETICIA MARTINEZ-ODANGA	ACCT MANAGER	40.00	Officer	$190,727	$22,676	$213,403
JASON RODRIGUEZ	Director	40.00	Director	$157,260	$25,829	$183,089
TRAVIS LARSON	SNR DIR OF HSG	40.00		$137,663	$18,430	$156,093
ELIZABETH KOLBE	PROGRAM DIRECTOR	40.00		$132,963	$6,802	$139,765
ALLISON JUST	PROGRAM DIR	40.00		$120,364	$7,063	$127,427
KAITLIN LOSKI	RESOURCE & DEV	40.00		$120,070	$7,003	$127,073
ROBERT TUCKER MCELROY	Fac & Fleet DIR	40.00		$111,250	$5,872	$117,122
KYLA WINTERS	CDO	40.00	Officer	$58,630	$8,281	$66,911
SUSAN RAFFEE	Chair	1.00	Officer Director	$0	$0	$0
JACQUELINE L GREULICH	Director	1.00	Director	$0	$0	$0
CINDY LEHMAN	Sec & Treasurer	1.00	Officer Director	$0	$0	$0
KATIE W FRANKLIN	Director	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	$41,585,915	$40,609,337	$35,509,977	$976,578
2024	$46,119,889	$38,497,464	$34,161,245	$7,622,425
2023	$41,418,753	$35,688,224	$25,487,166	$5,730,529
2022	$27,937,401	$27,398,438	$18,280,742	$538,963
2021	$25,250,106	$23,348,083	$18,140,924	$1,902,023
2020	$29,475,656	$22,839,120	$16,577,006	$6,636,536
2019	$19,590,286	$17,175,637	$9,302,250	$2,414,649
2018	$15,077,397	$12,367,431	$7,162,705	$2,709,966

ALPHA PROJECT FOR THE HOMELESS