ARGONAUT HOUSE 2 (EIN 454880509) - 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

2013

Legal Domicile

Principal Officer

PADRICA HOFFMAN

Phone

2067554597

Tax Period

2024-01-01 to 2024-12-31

ARGONAUT HOUSE 2, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $109K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $157K exceeded revenue, resulting in a 44% operating deficit.

Mission

HOUSING FOR PEOPLE EXPERIENCING HOMELESSNESS AND MENTAL ILLNESS.

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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 $73,750

Program Service Revenue $34,669

Investment Income $4

Other Revenue $180

TOTAL REVENUE $108,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,066

Other Expenses $156,506

TOTAL EXPENSES $156,506

Year-over-Year Comparison

	2024	2023	Change
Revenue	$108,603	$96,785	+0.1%
Expenses	$156,506	$137,695	+0.1%
Net Income	$-47,903	$-40,910	+0.2%

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

$145,019

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIE FLANNAGAN	DIRECTOR, PRESIDENT	1.00	Officer Director	$0	$0	$0
MARCIA ALMQUIST	TREASURER	0.50	Officer Director	$0	$0	$0
SANJAY SHENOY	DIRECTOR, SECRETARY	0.25	Officer Director	$0	$0	$0
ROBERT MALEA	DIRECTOR	0.25	Director	$0	$0	$0
STEPHANIE MONRONEY	DIRECTOR	0.25	Director	$0	$0	$0
PADRICA HOFFMAN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$10,769	$145,019

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	$108,603	$156,506	$1,291,252	$-47,903
2023	$96,785	$137,695	$1,338,764	$-40,910
2022	$71,511	$120,948	$1,388,788	$-49,437
2021	$64,110	$105,455	$1,427,419	$-41,345
2020	$64,396	$104,868	$1,470,595	$-40,472
2019	$67,693	$110,305	$1,513,246	$-42,612
2018	$65,546	$94,150	$1,560,199	$-28,604

ARGONAUT HOUSE 2