SENIOR VETERANS HOUSING ASSOC INC (EIN 341481270) - 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

1985

Legal Domicile

Principal Officer

LUTHER SAWICKI

Phone

4409928787

Tax Period

2023-06-01 to 2024-05-31

SENIOR VETERANS HOUSING ASSOC INC, founded in 1985, is a small nonprofit in the Housing & Shelter sector that reported $275K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $327K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE CORPORATION PROVIDES HOUSING FOR ELIGIBLE LOW INCOME ELDERLY/DISABLED PERSONS. THE CORPORATION OPERATES A 25 UNIT APARTMENT UNDER SEC. 207 NATIONAL HOUSING ACT. HUD REGULATES RENT CHARGES & OPERATING METHODS.

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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 $0

Program Service Revenue $274,542

Investment Income $291

Other Revenue $0

TOTAL REVENUE $274,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,736

Fundraising Expenses $0

Program Expenses $320,388

Other Expenses $276,052

TOTAL EXPENSES $326,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$274,833	$336,998	-0.2%
Expenses	$326,788	$309,115	+0.1%
Net Income	$-51,955	$27,883	-2.9%

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

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
RAY BURNS	TREASURER	1.00	Officer	$0	$0	$0
BARRY MEADOWS	V. PRESIDENT	1.00	Officer	$0	$0	$0
LUTHER SAWICKI	PRESIDENT	1.00	Officer	$0	$0	$0
RON VASINDA	SECRETARY	1.00	Officer	$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	$274,833	$326,788	$448,747	$-51,955
2023	$336,998	$309,115	$515,752	$27,883
2022	$338,613	$310,659	$540,091	$27,954
2021	$341,020	$297,853	$518,203	$43,167
2020	$291,933	$295,769	$507,376	$-3,836
2019	$306,406	$298,590	$530,349	$7,816

SENIOR VETERANS HOUSING ASSOC INC