CRAIGSIDE RETIREMENT RESIDENCE (EIN 352272376) - 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

2006

Legal Domicile

Principal Officer

VIVIAN LAI

Phone

8089410941

Tax Period

2024-01-01 to 2024-12-31

CRAIGSIDE RETIREMENT RESIDENCE, founded in 2006, is a mid-sized nonprofit in the Human Services sector that reported $27.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

15 CRAIGSIDE'S MISSION IS TO ENRICH THE LIVES OF HAWAII'S KUPUNA BY PROVIDING HOUSING, HEALTHCARE, AND FINANCIAL SECURITY. AS A LIFE PLAN COMMUNITY, 15 CRAIGSIDE OFFERS A SUPERIOR CONTINUUM OF LIFETIME CARE DESIGNED TO SUPPORT THE SPIRITUAL, PHYSICAL, AND SOCIAL WELL-BEING OF EVERY RESIDENT.

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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 $590,778

Program Service Revenue $26,709,615

Investment Income $226,120

Other Revenue $875

TOTAL REVENUE $27,527,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,161,784

Fundraising Expenses $0

Program Expenses $23,995,667

Other Expenses $14,304,241

TOTAL EXPENSES $28,466,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,527,388	$23,996,792	+0.1%
Expenses	$28,466,025	$26,309,126	+0.1%
Net Income	$-938,637	$-2,312,334	-0.6%

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

$740,784

Total Directors

$740,784

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN ZORN	CHAIR	2.00	Officer Director	$0	$0	$0
LUCAS SAYIN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
KOREN DREHER	TREASURER	0.50	Officer Director	$0	$0	$0
CORLIS CHANG	SECRETARY	0.50	Officer Director	$0	$0	$0
ANDREW BUNN	BOARD MEMBER	0.50	Director	$0	$0	$0
REV DR DAVID POPHAM	BOARD MEMBER	0.50	Director	$0	$0	$0
LAURA REICHARDT	BOARD MEMBER	0.50	Director	$0	$0	$0
KENT REINKER	BOARD MEMBER	0.50	Director	$0	$0	$0
REV RUSHAN SINNADURAY	BOARD MEMBER	0.50	Director	$0	$0	$0
ARKIE KOEHL	BOARD MEMBER	0.50	Director	$0	$0	$0
SUZIE SCHULBERG	PRESIDENT & CEO	10.00	Officer Director	$0	$35,893	$451,170
VIVIAN LAI	CFO	10.00	Officer Director	$0	$19,317	$289,614
MAY RIETA	REGISTERED NURSE	64.00	Highest	$180,109	$26,662	$206,771
JO ANN ERICE	REGISTERED NURSE	50.00	Highest	$131,599	$33,789	$165,388
ROSALIE D'SANSON	DIRECTOR OF NURSING	50.00	Highest	$132,841	$33,101	$165,942
ZANDRA PADAYAO	REGISTERED NURSE	50.00	Highest	$137,054	$28,099	$165,153
ANGELICA RANCES	REGISTERED NURSE	50.00	Highest	$141,080	$19,179	$160,259

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	$27,527,388	$28,466,025	$64,211,951	$-938,637
2023	$23,996,792	$26,309,126	$60,945,280	$-2,312,334
2022	$23,543,885	$25,121,344	$59,015,536	$-1,577,459
2021	$21,950,444	$24,458,922	$60,556,862	$-2,508,478
2020	$23,066,258	$23,877,909	$62,090,714	$-811,651
2019	$21,606,688	$23,728,011	$63,889,505	$-2,121,323
2018	$21,563,928	$23,077,296	$71,097,564	$-1,513,368

CRAIGSIDE RETIREMENT RESIDENCE