CONGREGATIONS FOR THE HOMELESS (EIN 453932748) - 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

2011

Legal Domicile

Principal Officer

TROY CHRISTENSEN

Phone

4252894044

Tax Period

2024-01-01 to 2024-12-31

CONGREGATIONS FOR THE HOMELESS, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $6.8M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

PROVIDING SHELTER, HOUSING, FOOD, AND CASE MANAGEMENT SERVICES TO MEN EXPERIENCING HOMELESSNESS ON THE EAST SIDE OF KING COUNTY, WA.

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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 $6,471,612

Program Service Revenue $68,864

Investment Income $272,226

Other Revenue $23,181

TOTAL REVENUE $6,835,883

Expense Breakdown

Grants Paid $688,848

Salaries & Benefits $4,100,977

Fundraising Expenses $468,615

Program Expenses $6,546,627

Other Expenses $2,658,506

TOTAL EXPENSES $7,473,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,835,883	$7,623,690	-0.1%
Expenses	$7,473,381	$6,625,692	+0.1%
Net Income	$-637,498	$997,998	-1.6%

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

213

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

$355,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY CHRISTENSEN	EXECUTIVE DI	40.00	Officer	$184,784	$17,603	$202,387
SHIRLEY TOLSTYKH	DIR OF FINAN	40.00	Officer	$136,724	$16,353	$153,077
KERRI O'FARRELL	DIR OF DEVEL	40.00	Highest	$119,587	$15,381	$134,968
DON CASTLE	CHAIR	5.00	Officer Director	$0	$0	$0
JAY WOOLFORD	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CRISSA CUGINI	SECRETARY	5.00	Officer Director	$0	$0	$0
KRISTI GUAY	TREASURER	5.00	Officer Director	$0	$0	$0
SHAWN MCCORD	DIRECTOR	3.00	Director	$0	$0	$0
BONNIE BOWIE	DIRECTOR	3.00	Director	$0	$0	$0
JUDY FAAST	DIRECTOR	3.00	Director	$0	$0	$0
CLAIRE SUMADIWIRYA	DIRECTOR	3.00	Director	$0	$0	$0
BRIAN WARNOCK	DIRECTOR	3.00	Director	$0	$0	$0
HOWARD COLEMAN	DIRECTOR	3.00	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	$6,835,883	$7,473,381	$28,476,729	$-637,498
2023	$7,623,690	$6,625,692	$29,261,330	$997,998
2022	$8,189,051	$5,523,396	$27,218,664	$2,665,655
2021	$9,074,127	$5,152,211	$12,080,853	$3,921,916
2020	$5,569,719	$5,213,248	$4,823,166	$356,471
2020	$5,569,719	$5,213,248	$4,823,166	$356,471
2019	$5,270,916	$3,175,604	$4,324,656	$2,095,312
2018	$3,030,073	$2,835,064	$1,852,512	$195,009

CONGREGATIONS FOR THE HOMELESS