LaCoba Homes Inc (EIN 430863738) - 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

1966

Legal Domicile

Phone

4172357895

Tax Period

2024-01-01 to 2024-12-31

LaCoba Homes Inc, founded in 1966, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Expenses of $5.5M left a modest 7% surplus.

Mission

LACOBA HOMES, INC., IS A 79 BED, 27 CHURCHES AFFILIATED, NOT-FOR-PROFIT SKILLED NURSING FACILITY.

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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 $20,438

Program Service Revenue $5,607,152

Investment Income $297,829

Other Revenue $14,972

TOTAL REVENUE $5,940,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,211,732

Fundraising Expenses $0

Program Expenses $4,511,402

Other Expenses $2,293,619

TOTAL EXPENSES $5,505,351

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,940,391	$6,066,263	0.0%
Expenses	$5,505,351	$5,203,358	+0.1%
Net Income	$435,040	$862,905	-0.5%

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

170

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

$223,106

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debi Herndon	Treasurer BEG 07/24	0.5	Officer Director	$0	$0	$0
Joel Justus	Secretary	1.5	Officer Director	$0	$0	$0
Paul Weise	TREASURER END / VICE PRESIDENT BEG 07/24	0.5	Officer Director	$0	$0	$0
Ronnie Crouch	VICE PRESIDENT END / PRESIDENT BEG 07/24	1.5	Officer Director	$0	$0	$0
Gary Tippett	Member	0.5	Director	$0	$0	$0
Jerry Ribbing	MEMBER BEG 08/24	0.2	Director	$0	$0	$0
JOE BEAVER	MEMBER END 06/24	0.5	Director	$0	$0	$0
LARRY BROWN	MEMBER END 03/24	0.5	Director	$0	$0	$0
Phillip Hood	MEMBER BEG 07/24	0.5	Director	$0	$0	$0
SAMANTHA WHITAKER	MEMBER END 06/24	0.5	Director	$0	$0	$0
Scott Barnes	Member BEG 06/24	0.5	Director	$0	$0	$0
SHIRLEY ANDRUS	MEMBER END 06/24	0.5	Director	$0	$0	$0
Tim Rice	PRESIDENT END / MEMBER BEG 07/24	1.0	Director	$0	$0	$0
Wade Rogers	Member	0.5	Director	$0	$0	$0
Michael Baldus	Executive Director	40.0	Officer	$210,497	$12,609	$223,106

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	$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

LaCoba Homes Inc