THE LORELTON FOUNDATION (EIN 510284276) - 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

1985

Legal Domicile

Principal Officer

RICHARD E STAT

Phone

3025732500

Tax Period

2024-01-01 to 2024-12-31

THE LORELTON FOUNDATION, founded in 1985, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Expenses of $5.4M left a modest 6% surplus.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE HOUSING AND SERVICES TO THE ELDERLY.

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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 $410,000

Program Service Revenue $5,207,534

Investment Income $102,229

Other Revenue $0

TOTAL REVENUE $5,719,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,039,392

Fundraising Expenses $0

Program Expenses $4,609,709

Other Expenses $2,360,644

TOTAL EXPENSES $5,400,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,719,763	$5,670,520	+0.0%
Expenses	$5,400,036	$4,868,495	+0.1%
Net Income	$319,727	$802,025	-0.6%

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

158

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

$197,134

Total Directors

$197,134

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD E STAT	PRESIDENT/SECRETARY/TREASU	0.50	Officer Director	$0	$0	$0
DAVID PARKINSON	EXECUTIVE DIRECTOR	40.00	Officer Director	$165,000	$32,134	$197,134
LAUREN STAT	DIRECTOR	0.50	Director	$0	$0	$0
DAVID HUBBLE	DIRECTOR	0.50	Director	$0	$0	$0
DAVID STAT	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL STAT	DIRECTOR	0.50	Director	$0	$0	$0
JOANNE STAT	DIRECTOR	0.50	Director	$0	$0	$0
LINDA STAT	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS SHEA	DIRECTOR	0.50	Director	$0	$0	$0
RAN JIN	ASSISTANT TREASURER	0.50	Officer	$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	$5,719,763	$5,400,036	$9,252,725	$319,727
2023	$5,670,520	$4,868,495	$8,609,103	$802,025
2022	$4,125,204	$4,809,510	$7,705,867	$-684,306
2021	$6,129,821	$4,827,917	$8,242,820	$1,301,904
2020	$5,624,941	$4,751,455	$6,904,153	$873,486
2019	$4,857,152	$4,799,367	$6,534,950	$57,785
2018	$4,817,205	$4,463,168	$6,675,689	$354,037

THE LORELTON FOUNDATION