LOCS INCORPORATED (EIN 341588144) - 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

1988

Legal Domicile

Principal Officer

CONSTANCE GOSHAY

Phone

2164046693

Tax Period

2025-01-01 to 2025-12-31

LOCS INCORPORATED, founded in 1988, is a small nonprofit in the Religion sector that reported $429K in total revenue in fiscal year 2025. Revenue decreased 15% compared to the prior year. Expenses of $474K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE A RESIDENT SHELTER FOR EMOTIONALLY AND MENTALLY RETARED ADULTS AND TO TRAIN AND COUNSEL THEM FOR RETURN INTO THE COMMUNITY

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $428,534

Investment Income $5

Other Revenue $0

TOTAL REVENUE $428,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $450,852

Other Expenses $473,920

TOTAL EXPENSES $473,920

Year-over-Year Comparison

	2025	2024	Change
Revenue	$428,539	$505,976	-0.2%
Expenses	$473,920	$517,049	-0.1%
Net Income	$-45,381	$-11,073	+3.1%

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

$172,725

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONSTANCE GOSHAY	TREASURER	25	Officer	$0	$0	$0
OVEDA GOULDE	SECRETARY	15	Officer	$0	$0	$0
LILLIAN JONES	PRESIDENT	40	Officer	$172,725	$0	$172,725
SANDRA PITTMON	VICE PRESIDENT	40	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
2025	$428,539	$473,920	$258,669	$-45,381
2024	$505,976	$517,049	$284,122	$-11,073
2023	$630,743	$571,043	$336,280	$59,700
2022	$612,131	$530,945	$276,578	$81,186
2021	$528,989	$413,063	$214,498	$115,926
2021	$528,989	$413,063	$214,498	$115,926
2020	$337,609	$310,632	$98,572	$26,977
2019	$340,633	$337,048	$71,595	$3,585
2018	$318,774	$336,399	$68,010	$-17,625

LOCS INCORPORATED