OMEGA HOUSE INC

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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

1999

Legal Domicile

Principal Officer

JULIE JOHNSON

Phone

9064824438

Tax Period

2024-01-01 to 2024-12-31

OMEGA HOUSE INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $171K, a strong 16% operating margin.

Mission

PROVIDE A CARING HOMELIKE ENVIRONMENT, WHERE TERMINALLY ILL RESIDENTS MAY LIVE FULLY DURING THEIR FINAL DAYS, FREE FROM PAIN AND SOCIAL ISOLATION.

Program Service Accomplishments

Program 1

Expenses: $671,753 Revenue: $477,417

TO PROVIDE PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS TO TERMINALLY ILL RESIDENTS. THE NEEDS ARE MET BY BOTH PROFESSIONAL AND VOLUNTEER CARE GIVERS AS WELL AS THE RESIDENT'S CHOSEN HOSPICE PROGRAM...

TO PROVIDE PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS TO TERMINALLY ILL RESIDENTS. THE NEEDS ARE MET BY BOTH PROFESSIONAL AND VOLUNTEER CARE GIVERS AS WELL AS THE RESIDENT'S CHOSEN HOSPICE PROGRAM. THERE WERE 54 RESIDENTS SERVED. OMEGA HOUSE RESPITE CARE PROVIDES CARE FOR INDIVIDUALS RECUPERATING AFTER SURGERY, ILLNESS OR HOSPITALIZATION, AS WELL AS PROVIDING CARE GIVERS A TEMPORARY REST FROM CAREGIVING, WHILE THE DEPENDENT CONTINUES TO RECEIVE CARE IN A SAFE ENVIRONMENT. THERE WERE 4 RESPITE PATIENTS SERVED DURING THE YEAR.

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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 $354,206

Program Service Revenue $477,417

Investment Income $225,532

Other Revenue $27,591

TOTAL REVENUE $1,084,746

Expense Breakdown

Grants Paid $11,287

Salaries & Benefits $670,570

Fundraising Expenses $58,897

Program Expenses $671,753

Other Expenses $232,335

TOTAL EXPENSES $914,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,084,746	$945,658	+0.1%
Expenses	$914,192	$865,985	+0.1%
Net Income	$170,554	$79,673	+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

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

Total Directors

$115,581

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LUTZ	EXECUTIVE DI	40.00	Director	$75,483	$40,098	$115,581
JULIE JOHNSON	PRESIDENT	0.23	Officer Director	$0	$0	$0
DR DAVID KASS	VICE PRESIDE	0.12	Officer Director	$0	$0	$0
LORIE MAKI	SECRETARY	0.13	Officer Director	$0	$0	$0
MARK SMITH	TREASURER	0.13	Officer Director	$0	$0	$0
MARK MIRON	BOARD MEMBER	0.08	Director	$0	$0	$0
NATASHA BERG	BOARD MEMBER	0.08	Director	$0	$0	$0
GUY ST GERMAIN	BOARD MEMBER	0.15	Director	$0	$0	$0
DEB YOUNG	BOARD MEMBER	0.37	Director	$0	$0	$0
MAGDALENA BELEJ	BOARD MEMBER	0.06	Director	$0	$0	$0
CINDY GRIFFIN	BOARD MEMBER	0.12	Director	$0	$0	$0
BEVERLY AUEL	BOARD MEMBER	0.04	Director	$0	$0	$0
DR SIGURDS JANNERS	BOARD MEMBER	0.19	Director	$0	$0	$0
GINNY HEMMER	BOARD MEMBER	0.13	Director	$0	$0	$0
NEIL AHOLA	BOARD MEMBER	0.13	Director	$0	$0	$0
PAULA HULS	BOARD MEMBER	0.15	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	$1,084,746	$914,192	$6,337,544	$170,554
2023	$945,658	$865,985	$5,597,686	$79,673
2022	$1,185,211	$807,501	$4,911,082	$377,710
2021	$990,296	$699,346	$5,356,048	$290,950
2020	$716,276	$554,967	$4,665,401	$161,309
2019	$732,668	$563,480	$4,142,118	$169,188
2018	$2,049,849	$521,650	$3,500,754	$1,528,199