LACOBA Homes 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

1966

Legal Domicile

Phone

4172357895

Tax Period

2025-01-01 to 2025-12-31

LACOBA Homes Inc, founded in 1966, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year.

Mission

THE MISSION OF LACOBA IS TO ENABLE RESIDENTS TO RECOGNIZE AND ACHIEVE THEIR HIGHEST POTENTIAL ABILITY AFTER THE ONSET OF A DISABLING DISEASE OR THE NATURAL AGING PROCESS. SEE SCHEDULE O FOR MORE INFORMATION.

Program Service Accomplishments

Program 1

Expenses: $4,221,352 Revenue: $5,041,787

SKILLED NURSING AND REHABILITATION SERVICES - ON-SITE SERVICES INCLUDE ACTIVITIES, CLINICAL LAB, DENTAL, DIETARY, HOUSEKEEPING, MENTAL HEALTH, NURSING, OCCUPATIONAL THERAPY, PHARMACY, PHYSICAL...

SKILLED NURSING AND REHABILITATION SERVICES - ON-SITE SERVICES INCLUDE ACTIVITIES, CLINICAL LAB, DENTAL, DIETARY, HOUSEKEEPING, MENTAL HEALTH, NURSING, OCCUPATIONAL THERAPY, PHARMACY, PHYSICAL THERAPY, PHYSICIAN, PODIATRY, SOCIAL WORK, SPEECH AND LANGUAGE PATHOLOGY, AND X-RAY SERVICES.

Program 2

Expenses: $262,526 Revenue: $313,549

THE VILLAS AT LACOBA HOMES - THE VILLAS OFFER INDEPENDENT LIVING IN UPSCALE ONE OR TWO BEDROOM APARTMENTS. THE APARTMENTS PROVIDE AN ENVIRONMENT WHERE A RESIDENT CAN MAKE HIS OR HER OWN CHOICES AND TAKE ADVANTAGE OF A VARIETY OF ACTIVITIES AND AMENITIES. THE PRIVATE RESIDENCES AT THE VILLAS INCLUDE WASHERS AND DRYERS IN EVERY APARTMENT, FULL BATH WITH SAFETY FEATURES, PATIOS IN EVERY APARTMENT, ATTACHED GARAGE AVAILABLE AND 24 HOUR EMERGENCY CALL SERVICE. ADDITIONAL AMENITIES INCLUDE BEAUTY PARLOR AND BARBER SHOP, BUILDING AND LAWN MAINTENANCE INCLUDED, CHURCH SERVICES, SOCIAL PROGRAMS AND SCHEDULED TRANSPORTATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $14,975

Program Service Revenue $5,355,336

Investment Income $230,920

Other Revenue $11,128

TOTAL REVENUE $5,612,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,187,749

Fundraising Expenses $0

Program Expenses $4,483,878

Other Expenses $2,330,999

TOTAL EXPENSES $5,518,748

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,612,359	$5,940,391	-0.1%
Expenses	$5,518,748	$5,505,351	+0.0%
Net Income	$93,611	$435,040	-0.8%

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

134

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

$245,792

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debi Herndon	Treasurer	0.5	Officer Director	$0	$0	$0
Joel Justus	Secretary	1.5	Officer Director	$0	$0	$0
Paul Weise	VICE PRESIDENT	0.5	Officer Director	$0	$0	$0
Ronnie Crouch	PRESIDENT	1.5	Officer Director	$0	$0	$0
Charles Burton	Member Beg 05/25	0.5	Director	$0	$0	$0
Gary Tippett	Member	0.5	Director	$0	$0	$0
Helen Garoutte	Member BEG 06/25	0.5	Director	$0	$0	$0
Jerry Ribbing	MEMBER	0.2	Director	$0	$0	$0
Kaitlin Faucett	Member Beg 04/25	0.5	Director	$0	$0	$0
Phillip Hood	MEMBER	0.5	Director	$0	$0	$0
Scott Barnes	Member	0.5	Director	$0	$0	$0
Tim Rice	MEMBER	1.0	Director	$0	$0	$0
Wade Rogers	Member	0.5	Director	$0	$0	$0
Michael Baldus	Executive Director	40.0	Officer	$231,748	$14,044	$245,792

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	$5,612,359	$5,518,748	$11,439,851	$93,611
2024	$5,940,391	$5,505,351	$11,358,613	$435,040
2023	$6,066,263	$5,203,358	$10,928,107	$862,905
2022	$4,981,018	$4,854,337	$10,558,763	$126,681
2021	$5,177,841	$4,197,156	$10,538,620	$980,685
2020	$5,159,856	$4,848,597	$9,712,483	$311,259
2019	$5,279,301	$4,868,002	$8,725,564	$411,299
2018	$4,899,043	$4,904,336	$8,374,818	$-5,293