Hammer Residences Inc (EIN 410841103) - 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

1960

Legal Domicile

Principal Officer

John Estrem

Phone

9524731261

Tax Period

2024-01-01 to 2024-12-31

Hammer Residences Inc, founded in 1960, is a mid-sized nonprofit in the Human Services sector that reported $44.1M in total revenue in fiscal year 2024. Expenses of $49.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

Give people with developmental disabilities opportunities to experience life to its fullest.

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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 $3,532,875

Program Service Revenue $40,130,306

Investment Income $428,918

Other Revenue $-19,630

TOTAL REVENUE $44,072,469

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,848,556

Fundraising Expenses $669,091

Program Expenses $42,763,430

Other Expenses $11,480,178

TOTAL EXPENSES $49,328,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,072,469	$42,228,145	+0.0%
Expenses	$49,328,734	$43,102,131	+0.1%
Net Income	$-5,256,265	$-873,986	+5.0%

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

858

Volunteers

406

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

$487,122

Total Directors

Key Employees

$212,043

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Baline Stephens	President	1.00	Officer Director	$0	$0	$0
Julie Wesley-Wong	Vice President	1.00	Officer Director	$0	$0	$0
Laurie Moga	Secretary	1.00	Officer Director	$0	$0	$0
Mitch Ringe	Treasurer	1.00	Officer Director	$0	$0	$0
Don Haberman	Member	0.10	Director	$0	$0	$0
Greg Hanson	Member	0.10	Director	$0	$0	$0
Tim Haugen	Member	0.10	Director	$0	$0	$0
Robert Lockwood	Member	0.10	Director	$0	$0	$0
Michelle Olson	Member	0.10	Director	$0	$0	$0
Barb Peterson	Member	0.10	Director	$0	$0	$0
Rich Stoebe	Member	0.10	Director	$0	$0	$0
Kevin Walli	Member	0.10	Director	$0	$0	$0
Nancy Wurm	Member	0.10	Director	$0	$0	$0
John Estrem	CEO	40.00	Officer	$257,809	$10,061	$267,870
Kristin Pyka	CFO	40.00	Officer	$204,960	$14,292	$219,252
Kyle Fitzwater	Chief Human Resources Officer	40.00	Key Emp	$200,301	$11,742	$212,043
Abdimalik Mohamud	Program Manager	95.00	Highest	$192,010	$20,752	$212,762
Lovia Antwi	Program Manager	97.00	Highest	$180,824	$4,936	$185,760
Kerri Turenne	Mgr. of Scheduling & Support	78.00	Highest	$158,894	$17,152	$176,046
Suzanne Ada Assooh	Program Manager	94.00	Highest	$161,350	$0	$161,350
Sunday Abe	Lead Direct Support Professional	113.00	Highest	$151,910	$13,426	$165,336

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	$44,072,469	$49,328,734	$30,278,068	$-5,256,265
2023	$42,228,145	$43,102,131	$35,597,157	$-873,986
2022	$33,255,564	$31,524,716	$35,833,018	$1,730,848
2021	$31,216,028	$28,312,073	$27,096,266	$2,903,955
2020	$31,428,618	$29,102,611	$23,930,696	$2,326,007
2019	$28,119,241	$27,516,853	$21,248,146	$602,388
2018	$28,031,584	$28,551,882	$19,674,433	$-520,298

Hammer Residences Inc