THE SALVATION ARMY SERVICES INC (EIN 363805307) - 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

1992

Legal Domicile

Principal Officer

COMMR EVELYN A DIAZ

Phone

8472942169

Tax Period

2023-10-01 to 2024-09-30

THE SALVATION ARMY SERVICES INC, founded in 1992, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.8M left a modest 6% surplus.

Mission

LOW INCOME HOUSING & SUPPORTIVE HOUSING.

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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 $1,891,568

Investment Income $317

Other Revenue $6,598

TOTAL REVENUE $1,898,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,876

Fundraising Expenses $0

Program Expenses $1,707,747

Other Expenses $1,545,970

TOTAL EXPENSES $1,778,846

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,898,483	$2,431,480	-0.2%
Expenses	$1,778,846	$3,614,828	-0.5%
Net Income	$119,637	$-1,183,348	-1.1%

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

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

$596,377

Total Directors

$596,377

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH G HODDER	CHAIRMAN OF THE BOARD	3.00	Officer Director	$0	$0	$0
EVELYN DIAZ	PRESIDENT	3.00	Officer Director	$0	$9,613	$41,038
STEVEN M HOWARD	VICE PRESIDENT (THRU 7/24)	3.00	Officer Director	$0	$19,225	$81,853
BRAMWELL E HIGGINS	SECRETARY	3.00	Officer Director	$0	$30,645	$295,940
DAN JENNINGS	ASSISTANT SECRETARY	3.00	Officer Director	$0	$9,613	$55,925
DAVID HARVEY	TREASURER	3.00	Officer Director	$0	$19,225	$67,348
JULIE TRAPP	ASSISTANT TREASURER	3.00	Officer Director	$0	$9,613	$54,273
THOMAS C LOUDEN	VICE PRESIDENT (AS OF 7/24)	3.00	Officer 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
2024	$1,898,483	$1,778,846	$14,754,676	$119,637
2023	$2,431,480	$3,614,828	$19,845,084	$-1,183,348
2022	$1,715,474	$2,373,220	$20,062,498	$-657,746
2021	$240,621	$951,146	$15,036,430	$-710,525
2020	$473,220	$507,138	$15,597,930	$-33,918
2019	$328,249	$416,633	$15,069,273	$-88,384
2018	$340,755	$405,426	$9,626,412	$-64,671

THE SALVATION ARMY SERVICES INC