SHINGLE CREEK SENIOR HOUSING

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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

2000

Legal Domicile

Principal Officer

JENNIFER ANDERSON

Phone

6512911750

Tax Period

2024-01-01 to 2024-12-31

SHINGLE CREEK SENIOR HOUSING, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $863K in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE HOUSING AND SERVICES TO ELDERLY PERSONS.

Program Service Accomplishments

Program 1

Expenses: $1,217,131 Revenue: $862,790

TO PROVIDE THE ELDERLY WITH 75 HOUSING UNITS AND ASSISTED LIVING SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE HEALTH, SECURITY, HAPPINESS, AND...

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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 $0

Program Service Revenue $862,790

Investment Income $387

Other Revenue $0

TOTAL REVENUE $863,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,217,131

Other Expenses $1,217,131

TOTAL EXPENSES $1,217,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$863,177	$859,411	+0.0%
Expenses	$1,217,131	$1,128,868	+0.1%
Net Income	$-353,954	$-269,457	+0.3%

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

$496,784

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE KORNGABLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF STRAND	DIRECTOR	1.00	Director	$0	$0	$0
JULIE POWER	DIRECTOR	1.00	Director	$0	$0	$0
TRINA JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBORAH BRIGGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANIEL ELDER	DIRECTOR	1.00	Director	$0	$0	$0
HENRY WALTER	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA RILEY	FORMER CFO OF COMMONBOND	1.00	Officer	$0	$15,031	$174,002
THOMAS ADAMS	EXECUTIVE VICE PRESIDENT	1.00	Officer	$0	$23,297	$225,273
JENNIFER ANDERSON	INTERIM CFO OF COMMONBOND	1.00	Officer	$0	$6,194	$97,509

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	No data	No data	No data	No data
2024	$863,177	$1,217,131	$3,424,995	$-353,954
2023	$859,411	$1,128,868	$3,531,082	$-269,457
2022	$872,204	$1,124,422	$3,692,503	$-252,218
2021	$860,420	$1,069,868	$3,857,211	$-209,448
2020	$801,755	$1,031,381	$3,934,454	$-229,626
2019	$791,600	$954,884	$4,161,883	$-163,284
2018	$797,783	$919,031	$4,305,457	$-121,248