SHAG COMMUNITY LIFE FOUNDATION

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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

2012

Legal Domicile

Principal Officer

TORSTEN HIRCHE

Phone

2067015428

Tax Period

2022-10-01 to 2023-09-30

SHAG COMMUNITY LIFE FOUNDATION, founded in 2012, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year.

Mission

OUR MISSION IS TO TRANSFORM THE WAY PEOPLE THINK ABOUT AFFORDABLE HOUSING BY SUPPORTING VIBRANT COMMUNITIES WHERE SENIORS AND FAMILIES THRIVE. WE STRIVE TO CREATE COMMUNITIES WHERE OUR RESIDENTS ARE SURROUNDED BY VITAL RESOURCES, SUPPORT AND STRUCTURE THAT PROMOTES SUSTAINABLE WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $1,312,630 Revenue: $648,438

SHAG COMMUNITY LIFE FOUNDATION PROVIDES RESIDENT SERVICES TO AFFORDABLE HOUSING RESIDENTS TO PROMOTE RESIDENT HEALTH AND WELL-BEING. AREAS OF FOCUS BY THE RESIDENT COORDINATORS INCLUDE TOPICS BASED AROUND FINANCES, BED BUG PREVENTION, HOME IMPROVEMENTS, MENTAL HEALTH, WELLNESS INITIATIVES, FOOD SECURITY AND EMERGENCY PREPAREDNESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,311,365

Program Service Revenue $648,438

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,959,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,420,885

Fundraising Expenses $0

Program Expenses $1,312,630

Other Expenses $493,460

TOTAL EXPENSES $1,914,345

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,959,803	$2,245,771	-0.1%
Expenses	$1,914,345	$2,971,384	-0.4%
Net Income	$45,458	$-725,613	-1.1%

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

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

$1,630,998

Total Directors

$972,664

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TORSTEN HIRCHE	PRESIDENT & CEO	1.00	Officer Director	$0	$27,682	$972,664
MICHAEL CONNELL	TREASURER & CFO	1.00	Officer	$0	$20,998	$552,884
JOHN JAY WOOLFORD	EXECUTIVE DIRECTOR (THROUGH FEB '22)	40.00	Highest	$268,452	$27,574	$296,026
KAREN LUCAS	EXECUTIVE DIRECTOR	14.00	Highest	$245,957	$48,666	$294,623
ERIC KNUDSON DIRECTOR	OF MARKETING & COMMUNICATIONS	0.00	Highest	$170,404	$20,440	$190,844
MARIAH WESTON	DIRECTOR OF RESIDENT SERVICES	40.00	Highest	$118,755	$25,232	$143,987
MICHELLE LUKE	SECRETARY	1.00	Officer	$0	$5,100	$105,450
SCOTT LUMSDEN	CHAIR & DIRECTOR	0.10	Officer Director	$0	$0	$0
MARY WAGNER	VICE CHAIR & CHAIR	0.10	Officer Director	$0	$0	$0
JESSE BOND	DIRECTOR & VICE CHAIR	0.10	Officer Director	$0	$0	$0
BARB BENNETT	DIRECTOR	0.10	Director	$0	$0	$0
CATHY DANIGELIS	DIRECTOR	0.10	Director	$0	$0	$0
JOHN IWANSKI	DIRECTOR (THROUGH OCTOBER 2022)	0.10	Director	$0	$0	$0
JIM MELHORN	DIRECTOR	0.10	Director	$0	$0	$0
KARIN MILLER	DIRECTOR	0.10	Director	$0	$0	$0
LISA NELSON	DIRECTOR	0.10	Director	$0	$0	$0
GREG RUSSELL	DIRECTOR	0.10	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
2023	$1,959,803	$1,914,345	$381,407	$45,458
2022	$2,245,771	$2,971,384	$590,284	$-725,613
2021	$3,936,102	$3,465,817	$1,123,064	$470,285
2020	$2,116,032	$1,983,122	$219,226	$132,910